7-21-26 Why Investors Keep Chasing What's Hot

7-21-26 Why Investors Keep Chasing What's Hot

July 21, 2026 · 50 min

About this episode

The episode explores why investors are drawn to chase past winners in the market and the psychological factors behind this behavior.

Why do so many investors continue chasing yesterday's biggest winners? Whether it's Bitcoin, gold, silver, semiconductors, or the latest AI stock, the temptation to follow what's already surged can be difficult to resist. Lance Roberts & Jon Penn explore the psychology behind performance chasing, why investors constantly compare their portfolios to the market's hottest sectors, and how fear of missing out (FOMO) can quietly undermine long-term returns. 0:00 INTRO 0:51 - Cyclospora & Iranian Tit-for-Tat - Markets React 5:45 - Markets Unable to Hold 50-DMA 10:58 - Lettuce Pray 11:48 - The Peril of Chasing What is "Hot" 15:27 - How Wall Street Makes Money (on you) 17:29 - The Semi-Conductor Thesis 21:22 - The Myths of Long Term Investing & The Narratives 26:31 - Errors in Benchmarking Portfolios 31:47 - Margin Debt & the Measures that Matter 36:02 - The Pattern Day Trading Rule Change 37:41 - Why Speculative Trading Accounts are a Terrible Idea 39:22 - When Dollars Are at Critical Mass - Don't touch my principle 44:04 - Rebalancing Portfolios in Retirement 45:48 - It's Always All About Inflation Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior…

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