Thoughtful Money with Adam Taggart
Thoughtful Money with Adam Taggart

Former Wall Street Bull Now Expects Stocks To Fall 15-20% This Year | Mark Newton, Fundstrat

January 28, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: A live interview podcast from the Vancouver Resource Investment Conference, blending macro market analysis with technical insights.
  • The Key Players:
    • Host: Adam Taggart, Thoughtful Money founder—energetic, on-location interviewer pushing for balanced views amid conference buzz.
    • Guest: Mark Newton, Head of Technical Strategy at Fundstrat (partners with Tom Lee)—data-driven technician famous for cycle analysis, daily reports, and tactical calls across assets.
  • The Vibe: Educational and tactical, with a cautious edge—mix of optimism for long-term bulls and warnings of near-term volatility; lively despite host's seaplane interruptions and guest's snowstorm.

🗝️ Key Themes & Topics

The discussion unpacked 2025 market forecasts through technical cycles, sentiment, and sector shifts, emphasizing rotation away from tech amid broadening participation.

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What you'll learn

  • 1 `(00:00)` **🎙️ Introduction: Mark Newton**
  • 2 `(01:40)` **2025 Market Outlook: Choppy with 15-20% Decline**
  • 3 `(06:20)` **Sector Rotation and Outperformance Opportunities**
  • 4 `(10:32)` **Global Markets and Short-Term Bullish Signals**
  • 5 `(12:35)` **Precious Metals: Late-Stage Rally Risks**
  • 6 `(16:08)` **Expected S&P Path and Sector Weights**
  • 7 `(21:22)` **Portfolio Strategy Amid Volatility**

+ Full timestamped outline available in the app

Show Notes

When today's guest was last on the program back in Oct, he predicted stocks would end 2025 at all-time highs.And he was right.But he indicated that he had growing concerns about 2026.So, is he still worried about the year ahead? Or has the situation changed?To find out, we're fortunate to welcome back to the program Mark Newton, Head of Technical Strategy at market research firm Fundstrat, where he works with its founder Tom Lee.In short, Mark sees the S&P dropping by 15-20% this year.To learn why, and which assets he thinks will buck that trend, watch this video.


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Thoughtful Money with Adam Taggart