About this episode
It's Fed Day, and today's Live Q&A covers what investors should expect as markets position around the announcement, why volatility may pick up afterward, and how this week's action shapes the potential for a Santa Claus Rally. We also discuss whether the Fed has stepped back from its inflation mandate, what that means for long bonds, and how Treasury supply-and-demand dynamics factor into portfolio risk. Lance Roberts & Danny Ratliff review the growth outlook for the AI sector, the power-cost assumptions built into datacenter models, the economic effects of the "One Big Beautiful Bill," and the $125 billion in tariff revenue collected this year—along with what tariffs really contribute to inflation. Additional topics include how to read 2x–3x standard deviations using Bollinger Band concepts, which data streams matter most (and where to find them), the link between inflation and economic growth, and practical insights on silver, ETF buy-and-hold strategies, NUA planning, valuation challenges when stocks trade at 25x earnings, and the realities of the "dollar debasement" narrative. As always, we approach these discussions pragmatically: no magic bullets, and market cycles end when they end. Use the chapter markers below to jump to any topic. 0:00 - INTRO 0:18 - Fed Day Anticipation 4:28 - More Market Volatility Possible Following Fed Meeting 9:14 - Getting ready for Santa 10:02 - Has the Fed given up on their inflation mandate? 13:31 - What's the impact on Long bonds? 15:35 - What is the outlook for AI sector growth? 18:30 -Do Datacenter owners use models assuming power subsidization? 19:06 - What is the impact on the economy from the One Big Beautiful Bill? 22:45 - How much in tariffs have been collected this year? $125-B 25:23 - Explain 2x, 3x standard deviations from average (Bollinger Band articles) 28:43 - What data to watch (and where can you find it)? 31:15 - Inflation: true impact of tariffs? True sources of Inflation: No inflation, no economic growth 35:37 - Silver: Advisors' Kryptonite? (Don't forget to take profits.) 39:29 - Is buy-and-hold with ETF's a good passive investing policy? 43:56 - Does it worry you that the treasury refi uses all T-bills? 45:18 - Is Dollar Debasement real? No--it's a narrative. 46:09 - Using NUA Tax Strategies 46:55 - Buying stocks at 25x 48-48 - Treasury Yields supply & demand dynamics 49:44 - Buying stocks at multiples and valuations 51:10 - Measuring risk in portfolio (60/40 allocation) 53:33 - Our pragmatism 54:36 - No magic bullet - bubbles pop when they pop (Chart: running trend line) 58:05 - Coming Attractions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=4v363w8PFNw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- The latest installment of our new feature, Before the Bell, "Market Pause Before the Fed: Time to Trim Risk?," is here: https://www.youtube.com/watch?v=CnOnz8np7ps&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles Mentioned in Today's Show: "Bullish Case Or Bearish Backdrop" https://realinvestmentadvice.com/resources/blog/bullish-case-or-bearish-backdrop/ -------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Watch our previous show, "Dealing with Debt & Smart Money Moves" here: https://www.youtube.com/watch?https://www.youtube.com/watch?v=1iPM7ef0BKg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #FedDecision #MarketVolatility #TechnicalAnalysis #BitcoinUpdate #MarketOutlook #BitcoinUpdate #FedMeeting #YearEndRally #InvestingQandA