Skip to main content

Is This Rally A Bull Trap?? | Lance Roberts

Adam Taggart | Thoughtful Money® Apr 25, 2026

Summary

Markets hit new all-time highs following a violent V-bottom recovery, but risks of a classic bull trap remain elevated for investors.

Semiconductor and AI stocks present significant risks to the current market rally, potentially signaling broader market vulnerability ahead.

Portfolio manager Lance Roberts discusses oil shocks, recession concerns, US dollar impacts, taxes, and his firm's latest trades.