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Trading Narratives Instead Of Price Action Is How You Lose Money | Lance Roberts & Adam Taggart

Adam Taggart | Thoughtful Money® May 4, 2026

Summary

April's unexpected market rally caught many defensive investors offside following poor February and March performance, creating a sentiment-driven surge.

Seasonal narratives like 'sell in May' should not be followed blindly; investors must instead monitor actual market signals and price trends for risk management.

Potential de-risking catalysts include sustained high oil prices, Iran geopolitical tensions, and midterm election cycles, but remain unconfirmed at present.