Adam Taggart

Latest positions

• ATAdam TaggartRisk rising on AI Taggart says the AI compute buildout is a balance sheet investment with a real question mark around its sustainability. “There's a real question mark around its sustainability” ▶ 35:13 No Living Investor Has Seen A Time Like This Bef… · 29 Sept
• ATAdam TaggartStrongly bearish on equity After four straight years of double-digit gains, equity valuations are very stretched on almost any metric. “Valuations are very stretched based upon almost any valuation metric you look at historically.” ▶ 31:21 Is It Becoming A Great Time For Income Investors… · 27 Sept
• ATAdam TaggartSharply rising on inflation Taggart expects secularly higher inflation over the coming decades. “just sort of secularly higher inflation, secularly higher bond yields as a result” ▶ 36:27 Is It Becoming A Great Time For Income Investors… · 27 Sept
• ATAdam TaggartRisk rising sharply on equity Taggart warns the investing public's equity exposure is at record highs and rising with age, leaving older investors exposed to a painful mean-reverting correction. “the American investing public has more exposure to equity than it ever has in its portfolios” ▶ 39:51 Is It Becoming A Great Time For Income Investors… · 27 Sept
• ATAdam TaggartBullish on bonds Taggart says the 40-year decline in bond yields has bottomed and yields are now rising, with secularly higher yields ahead. “they have bottomed and they have risen” ▶ 36:27 Is It Becoming A Great Time For Income Investors… · 27 Sept
• ATAdam TaggartBearish on S&P 500 He thinks the odds of the stock market continuing to deliver strong gains over the next couple of years are low. “stock market continuing to deliver you know really good gains over the next couple years are low” ▶ 31:21 Is It Becoming A Great Time For Income Investors… · 27 Sept
• ATAdam TaggartRisk rising on equity Given today's valuations, equities look much more risky going forward with low expected returns. “given today's valuations, they seem to be much more risky” ▶ 57:44 Market Starting To Crack Under High Bond Yields?… · 26 Sept
• ATAdam TaggartBullish on bonds He sees this as a good time to shift more from equity to credit, favoring the belly of the curve. “this may be a good time to start shifting more from equity to credit” ▶ 56:26 Market Starting To Crack Under High Bond Yields?… · 26 Sept
• ATAdam TaggartRisk rising on corporate bonds Rising bond yields keep putting increased pressure on the whole corporate credit system. “If bond yields keep going up, that keeps putting increased pressure on the whole corporate credit system” ▶ 36:57 Market Starting To Crack Under High Bond Yields?… · 26 Sept
• ATAdam TaggartRisk rising on data centers Data center buildout could slow from permitting, talent and municipal pushback. “we're obviously seeing a lot of pushback now in many more municipalities that want to slow the roll in terms of AI build out” ▶ 21:20 Market Starting To Crack Under High Bond Yields?… · 26 Sept
• ATAdam TaggartFalling on unemployment rate He is surprised the unemployment rate has not risen more, with people still able to stay employed or find work. “I would have expected a higher unemployment rate and worse employment numbers at this point” ▶ 33:09 Market Starting To Crack Under High Bond Yields?… · 26 Sept
• ATAdam TaggartRising on deficits The U.S. has been spending at recessionary emergency levels without being in recession, which catches up eventually. “We've been spending at recessionary emergency levels, but not being in recession.” ▶ 41:33 Ready For A Bear Market? Most Investors Aren't |… · 24 Sept