Market Correction Now Likely Given Wall Street's "Nothing Can Go Wrong" Hubris

President & Co-Founder at Peak Prosperity • Jul 26, 2025 at 5:40 PM EDT

Despite stretched valuation levels and further signs that the consumer is struggling, stocks are partying on.

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Despite stretched valuation levels and further signs that the consumer is struggling, stocks are partying on.

Portfolio manager Lance Roberts sees stocks prices as having "detached from all the underlying economic data" at this point.

That doesn't mean they won't go even higher still here in the near term. But he does think the probability of a correction is now quite high.

So how is he positioning for that?

We discuss that, as well as what earnings season is currently telling us, what the Fed is most likely to announce next week, how AI is super-concentrating wealth in both the corporate sector as well as consumer households, the long term risks to the markets, and Lance's firm's latest trades.

Video Length: 01:49:04

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