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The Bull Case For A Market Selloff | Ted Oakley

Adam Taggart | Thoughtful Money® Jun 28, 2026

Summary

Ted Oakley argues the real market warning is visible greed — an IPO boom unlike anything in his decades — not an imminent top.

Second years of presidential terms tend to swoon mid-year into June, July, or early August, then recover toward the election, Oakley notes.

Oakley's team cut gold, silver, and miner exposure in early January on froth, and would rebuild positions after a 10–15% selloff.

Speculation has rotated from the Magnificent Seven to semiconductors to space themes and IPOs — classic late-cycle behavior worth watching.

Adam Taggart's takeaways

  • Top takeaway Adam Taggart frames the visible speculation as possible late-stage market activity and presses his guest on whether firms are becoming more conservative or have not yet taken their foot off the accelerator.