Is The Stock Market Undergoing A 'Great Rotation'? | Michael Lebowitz

January 18, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

The Format: Casual weekly market recap interview with technical analysis, banter, and forward-looking insights.
The Key Players:
- Host: Adam Taggart, founder of Thoughtful Money—energetic, probing questioner who shares personal health anecdotes.
- Guest: Michael Liebowitz, "sports-tastic" portfolio manager at RIA—data-driven analyst with dry humor, previewing his firm's conference.
The Vibe: Educational and analytical with light-hearted banter; optimistic on markets but cautious on bubbles, blending finance with real-talk warnings.

🗝️ Key Themes & Topics

The episode unpacks market rotations, bubble risks in silver/gold, conference previews on bonds/Fed/dollar, and inflation/economic outlook amid political incentives.

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What you'll learn

1 (00:00) **🎙️ Introduction: Michael Liebowitz**
2 (05:44) **Weekly Market Recap: Technicals and Sector Rotation**
3 (08:57) **Sector/Factor Analysis: Overbought Signals**
4 (15:36) **Portfolio Positioning and QE Impact**
5 (22:51) **Silver and Rolling Micro-Bubbles**
6 (34:42) **Debating Silver's Fundamentals and Risks**
7 (47:34) **Conference Punchlines: Bonds Outlook**

+ Full timestamped outline available in the app

Show Notes

Recently, capital has been flowing out of the big Tech hyperscaler growth stocks and into previously unloved sectors like value, consumer staples, and mid- to small-cap stocks.Is this just an aberration before the Mag 7 resume their dominance?Or, is a secular rotation underway?Your portfolio's destiny will be shaped by the true answer to this question.Michael and I discuss whether indeed a Great Rotation is underway, as well his 2026 outlook for GDP growth, bonds, inflation, the US dollar and the Federal Reserve.For everything that mattered to markets this week, watch this video.

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