Why Retail Traders Consistently Underperform Over Time
by Lance Roberts, RIA Decades of data across global markets reach the same verdict: the more frequently retail…
AI Capex Risk Cuts Both Ways In The American Economy
by Lance Roberts, RIA Just over a year ago, I made the case that the deficit narrative would find…
The Conviction Gap: What Most Advisor Portfolios Are Missing at the Core
Most advisor portfolios mistake active weight for manager conviction. Franklin Templeton's five-factor core equity suite fixes that, starting with a proprietary conviction signal that extracts what managers actually believe.
Margin Debt Risk: The Ratios That Mislead Investors
by Lance Roberts, RIA Margin debt just set another record. In May 2026, investors owed their brokers a…
Friedman Was Right, Just Mostly Misquoted.
by Lance Roberts, RIA Milton Friedman’s famous one-liner that anchors half the inflation debates on financial television leaves…
The Technical Backdrop: When Flows Meet a Hawkish Fed
by Lance Roberts, RIA Here’s the setup most investors are underrating right now. Over the next two weeks,…
The K-Shaped Economy: Why The Middle Class Moved Up.
by Lance Roberts, RIA The K-shaped economy has become shorthand for a tidy story. The rich pull away…
Equity Supply Surge: What Historically Comes Next
by Lance Roberts, RIA This past week, the market hit an all-time high. At the same time, Alphabet…
Risk Management For Retirees: When To Reduce Exposure
by Lance Roberts, RIA Last week, a viewer of the Morning Show emailed me about risk management for…
15 Investing Rules To Win The Long-Game
by Lance Roberts, RIA Risk isn’t about how much money you’ll make. It’s about how much you can…
Corrections vs. Bear Markets: Why 20% Declines Are Obsolete
by Lance Roberts, RIA After three decades of watching market cycles play out from both sides of the…
The Stagflation Narrative: What Doomers Get Wrong – Part II
by Lance Roberts, RIA The stagflation narrative dominating financial social media isn’t completely wrong. That’s what makes it…
Parabolic Semiconductor Rally Is Pricing In 2028 Already
by Lance Roberts, RIA The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF,…
Commodity Supercycle: The Enemy Of The Bull Thesis (Part 1)
by Lance Roberts, RIA The commodity supercycle thesis is everywhere right now. Bank of America’s Michael Hartnett, one…
A Robot Economy: Who Gets Rich, Who Gets Left Behind
by Lance Roberts, RIA Robots are coming to the economy. It is inevitable, really, and there is nothing…
Market Correction Risk: Why Summer 2026 Looks Risky
by Lance Roberts, RIA Collapsing breadth. Stretched positioning. The worst seasonal window of the year. The worst year…