Adam Koós welcomes back John and Jack Kosar of Asbury Research for their quarterly market check-in, and this one covers a lot of ground. They dig into why markets climb slowly and fall fast, what the current shift out of tech and into industrials, financials, and healthcare is really telling us, and why a repeatable, back-tested model beats reacting to whatever's on CNBC that day.

Whether you're fielding client calls about volatility or building your own talking points for the next correction, this conversation is packed with the kind of practical, data-driven perspective advisors can put to work right away.

Episode Timestamps

00:00 – Adam welcomes back John and Jack Kosar of Asbury Research for their quarterly check-in

01:00 – Why markets move at different speeds going up versus going down, and the case against shorting

05:00 – Reading the S&P's triangle breakout and what a healthy broadening market looks like

09:00 – The 200-day moving average and reading a market at an inflection point

14:00 – Where the money is rotating: industrials, financials, and healthcare

18:00 – Why breaking a tested model mid-year to chase risk is a dangerous road

22:00 – Cutting through the noise with a data-driven, back-tested plan

25:00 – Coaching clients to turn off the news and actually enjoy their money

29:00 – Inside the Correction Protection Model (CPM) and its 15-year track record

32:00 – Final takeaways: every correction starts with a pullback

Key Takeaways

💡 Markets tend to climb slowly and drop fast, which is exactly why chasing a short is a much harder trade than most advisors think.

💡 The 200-day moving average is a simple gut check on trend. Cracking below it has lined up with real trouble before.

💡 Right now the rotation out of tech and into industrials, financials, and healthcare points to a market getting more defensive, not one that's about to fall apart.

💡 A repeatable, back-tested model beats reacting to headlines, and breaking that model mid-year to chase performance is a dangerous habit.

💡 Every correction starts with a pullback, and every crash starts with a correction, so the plan has to exist before clients start calling.

💡 Clients don't need to beat the market. Most just want smaller drawdowns and a good night's sleep, and that's a conversation advisors can have today.

Key Quotes

🗣 "Nothing good happens below the 200-day moving average."

🗣 "Every correction starts with a pullback, and every crash starts with a correction."

🗣 "The market goes up like an LP, and it goes down like a 45."

Connect With the Guests

Website: www.asburyresearch.com

YouTube: https://www.youtube.com/@asburyresearch

John Kosar

LinkedIn: https://www.linkedin.com/in/johnjkosar/

Email: john@asburyresearch.com

Jack Kosar

LinkedIn: https://www.linkedin.com/in/jack-kosar/