U.S. Bank's Haworth has a 'glass half-full view' on earnings, economy and markets
Release Date: 06/30/2025
Economist Torres expects rate cuts, tariff clarity and more to power a bull run
Money Life with Chuck Jaffe
Jose Torres, senior economist for , says that the economy is about to get past tariffs — "the huge negative of the Trump policy mix" — and move to lighter taxation, milder regulations, subdued energy costs, rising factory production and, hopefully, rising employment as well," which creates a bullish outlook for the economy and the stock market into 2026. Torres says he expects the Federal Reserve to begin cutting rates this month and says the central bank has plenty of ammunition to fend off any recessionary pressures left while inflation gets through the initial tariff impacts. Torres...
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Veteran journalist Greenberg on a stock scam and 'the golden age of grift'
Money Life with Chuck Jaffe
Herb Greenberg, editor of , tells the that most recently centered on Ostin Technology, a Chinese company traded on the Nasdaq that recently popped to over $9 per share before losing 95 percent of its value in a single day. While the company is a cautionary tale for investors, Greenberg's bigger warning involves similar frauds that spring up around other companies overnight — that are fueled by investor greed and AI-powered fakery — which he describes as nearly impossible to stop or end in what he calls "the golden age of grift." Financial adviser Anthony Holds discusses the latest release...
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Global X's Helfstein leans into defense tech and cybersecurity for back half of '25
Money Life with Chuck Jaffe
Scott Helfstein, head of investment strategy for says the fundamentals are strong enough that the market and economy should be in better shape by year's end, provided the wildcards of tariffs and geopolitics don't interfere. Discussing his , Helfstein expects different leadership, noting that he favors low-beta strategies, plus the defense technology and cyber-security sectors. Helfstein says that growth stocks are "more profitable than they have ever been," and says that investors who missed out on the artificial-intelligence boom can get in now at valuations that are reasonable because the...
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U.S. Bank's Haworth has a 'glass half-full view' on earnings, economy and markets
Money Life with Chuck Jaffe
Rob Haworth, senior investment strategist at , says that the volatility and headline risks of the first half of 2025 haven't changed the outlook for the market and economy, which can grind through the rest of the year and into 2026 with modest gains. Haworth acknowledges "a lot of questions still to be answered," but he says that most of the answers will be within degrees of expectations, and a lack of surprises should allow the market to grind higher. That said, Haworth said investors will want to be properly diversified to protect themselves against the volatility and the news risks. David...
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Mackenzie's Reid expects a jumbo cut from the Fed in September
Money Life with Chuck Jaffe
Dustin Reid, chief strategist for fixed income at , says he expects the Federal Reserve to hold off on rate cuts in July, but to be moved into making a double cut — half a percent — in September, and worries that the central bank may be waiting too long to act, as the labor market is starting to show some cracks. Reid said a bigger cut might be taken as a positive by the market if inflation hasn't spiked, labor markets are slow but steady and the action suggests that the Fed is trying to stay ahead of the action. That action and uncertainty has Reid favoring intermediate bonds now, with...
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Investors lower expectations from 'outrageous' to 'almost reasonable'
Money Life with Chuck Jaffe
David Goodsell, executive director of the , discusses the firm's , which shows that investors were so satisfied with the 20-plus percent gains of 2023 and '24 that they are expecting less this year, but they have only dropped their expectations from roughly 17 percent down to about 12 percent, and Goodsell notes that financial advisers sugest those numbers aren't realistic or responsible. Goodsell says he believes the market is heading towards "a new age of diminished expectations." Sociologist and author Juliet Schor discusses her latest book, ", leaning into whether the business community...
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BNP Paribas' Morris says 'neutral' may be the best bet for this market
Money Life with Chuck Jaffe
Daniel Morris, chief market strategist at , says he sees continued expansion in the United States and a slowing in Europe and other international markets, which contributes to why he is mostly neutral on allocations, as tariff plays and international stimulus efforts and more creates positive potential around the globe. Morris says a neutral stance makes sense because there is so much uncertainty right now that it is hard to have strong convictions about what the market can do next. Indrani De, global head of investment research for discusses the ongoing Russell Reconstitution — the...
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PGIM's Mintz says bargain hunters should look to emerging markets
Money Life with Chuck Jaffe
Stacie Mintz, head of quantitative equity for , says that equity valuations in emerging markets are at their most attractive level relative to U.S. stocks in decades. That's not a surprise, as emerging markets have underperformed domestic markets for the last 13 years, but Mintz says the time has come for diversification to pay off. While the headline risks of tariffs, trade wars and geopolitics loom large,she said current values are compelling enough that investors should be comfortable waiting for a payoff when the news cycle calms down. Jasmine Escalera discusses a survey done by which...
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Veteran manager Shill sees a complacent market facing big downside risks
Money Life with Chuck Jaffe
Ed Shill, managing partner at the , says he sees the market either continuing to climb the proverbial wall of worry or getting complacent, and he fears that it's the latter after the sharp rebound from April's decline. "Right now the market is overbought," Shill says in the Market Call, where he recommends "putting airbags on," using stops to lock in profits and being prepared to step back from markets until conditions improve. In The Big Interview, Sam Millette, senior investment strategist at , says that the Federal Reserve faces a challenge getting the market to understand its motivation...
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Invesco's Levitt: Expect lower earnings, higher volatility and modest market gains
Money Life with Chuck Jaffe
Brian Levitt, global market strategist at , says that he came into the year expecting that the growth and inflation backdrop would support reasonable corporate earnings that could push the market higher. He still believes that -- despite expecting a slowdown, struggles with increased market volatility and higher inflation as a result of tariff impacts -- and said that . Levitt made the case for expanded international investments, but said he would lean into quality as a factor, noting that high-grade companies will give the most shelter if the storm clouds deliver more trouble than Levitt and...
info_outlineRob Haworth, senior investment strategist at U.S. Bank Asset Management, says that the volatility and headline risks of the first half of 2025 haven't changed the outlook for the market and economy, which can grind through the rest of the year and into 2026 with modest gains. Haworth acknowledges "a lot of questions still to be answered," but he says that most of the answers will be within degrees of expectations, and a lack of surprises should allow the market to grind higher. That said, Haworth said investors will want to be properly diversified to protect themselves against the volatility and the news risks. David Trainer of New Constructs puts Carvana back in The Danger Zone, noting that the stock — which he first singled out in April of 2019 — has roared back from a low of $4 per share in December 22 to gain more than 50 percent year-to-date and nearly 150 percent in the last year, rising to a stock valuation "that implies that Carvana will sell as many vehicles as General Motors." Plus Greg McBride, chief financial analyst at BankRate.com, on their latest survey research, which showed that 60 percent of Americans are uncomfortable with their current level of emergency savings, and half of Americans don’t have enough emergency savings to cover three months’ expenses.