Money Life with Chuck Jaffe
Veteran financial journalist Chuck Jaffe talks with the big thinkers, the power brokers and the market movers to keep you up to date on the market and the economy, with an eye toward where, how and why to invest. Plus personal finance content to cut through the clutter and improve your life.
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Natixis' Janasiewicz: Stay the course, overweight equities during the earnings grind
04/25/2024
Natixis' Janasiewicz: Stay the course, overweight equities during the earnings grind
Jack Janasiewicz, portfolio strategist for , says that inflation is moving in the right direction -- albeit more slowly -- and economic growth remains resilient, creating an environment where corporate earnings continue to grind higher. That has him locking into his plan and overweighting stocks. Janasiewicz says that so long as inflation doesn't reaccelerate and force the Federal Reserve to increase rates, conditions should remain benign and comfortable for investors. Also on the show, Todd Rosenbluth, head of research at , makes the Van Eck Gold Miners ETF (GDX) his pick for "ETF of the Week," and in the Market Call, David Kalis, portfolio manager at , talks about finding the right forward-looking opportunities in markets now.
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Baird's Fitterer: It feels like the Fed wants to ease, but can't do it now
04/24/2024
Baird's Fitterer: It feels like the Fed wants to ease, but can't do it now
Lyle Fitterer, portfolio manager for the , says that investors should take the Federal Reserve at its word, expecting interest rates to have peaked, anticipate a cut but don't expect it to happen until the numbers warrant it. That may not happen until late in the year or into 2025. Meanwhile, he notes investors are getting strong returns -- particularly in muni bond funds where there are additional tax benefits from investing -- though not getting paid to take on extra credit risk, even though defaults and delinquencies haven't gone up dramatically with rates staying higher for longer. Also on the show, Ted Rossman discusses the latest survey showing that ; Chuck goes "Off The News" with the Department of Labor's release of new fiduciary guidelines for investment managers, and Ryan Jacob, chief investment officer of the talks small-cap technology in the Market Call.
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Seven Canyons' Kutusov: Supply chain diversification will reshape global markets
04/23/2024
Seven Canyons' Kutusov: Supply chain diversification will reshape global markets
Andrey Kutusov, portfolio manager on the global, international and emerging markets small-cap teams at , says that "near-shoring" or "China plus one" supply-chain diversification will "be the dominant force in international markets over the next decade." Kutusov says that geopolitical pressure and rising labor costs have pushed companies out of China or made them open additional capabilities elsewhere, most notably in India and Mexico. Plus, international interest rates are higher than in the U.S., leaving places like India, Mexico and Indonesia with economies that have room to ease rates and accelerate future growth. Also on the show, R. Jisung Park, whose new book "" digs into the economic impacts of global warming events, plus we revisit a recent chat on the market's technicals with Willie Delwiche, investment strategist at .
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Wells Fargo's Wren: 'There's very little chance of a rate cut any time soon'
04/22/2024
Wells Fargo's Wren: 'There's very little chance of a rate cut any time soon'
Scott Wren, senior global market strategist at the , expects the Federal Reserve to cut rates, but no more than twice this year and in September at the earliest, and he says it's increasingly likely the moves won't start until 2025. The amazing thing, Wren says, is that the stock market got to where it was flirting with record highs despite investors adjusting from six projected cuts this year down to potentially none. He says market valuations are high and he expects them to give in to economic pressures to move lower, but long-term he's positive on equities, liking industrials, health care and energy stocks while trimming technology and communication services, the big winners from 2023. David Trainer, president at revisits pet-insurance company Trupanion, a Zombie stock that he says may be worth shorting as its business model is flawed and unlikely to be turned around. Plus, Larry Swedroe, chief research officer at , discusses his new book, "Enrich Your Future: The Keys to Successful Investing."
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Clocktower's Papic: Global conflicts aren't such big market events
04/19/2024
Clocktower's Papic: Global conflicts aren't such big market events
Marko Papic, chief strategist at , says that two wars have had less impact on markets that many observers have expected because the market has recognized that geopolitical events require a direct tie to earnings before they can truly dampen gains. Because of that -- but also because of issues he sees with the domestic economy -- Papic says investors who are giving up on international markets and getting their diversification by overweighting U.S. multinational stocks are making a mistake. In a wide-ranging interview, Papic notes that he expects to be bullish right up to Election Day in November, but the results of the vote -- particularly if they give either presidential candidate the control of Congress to boot -- could have broad and dramatic impacts on the market in 2025 and beyond. Also on the show, John Cole Scott of reviews the first quarter results for closed-end funds, interval funds and business-development companies, noting that it was a strong period with more than 90 percent of closed-end issues making money in the first three months of 2024, although municipal bond funds continued their lagging ways. Plus, Chuck gets to talk about his childhood fantasy car with University of Toronto professor Dimitry Anastakis, whose new book is ""
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Hennessy's Ellison: Bank stocks will pay a price when rates get cut
04/18/2024
Hennessy's Ellison: Bank stocks will pay a price when rates get cut
David Ellison, portfolio manager for the , says that investors should not expect the classic thinking of lower rates equals higher margins and bank stocks go up, because the math may not work that way this time, which is why he is hoping rates stay where they are for longer. Ellison says that the Federal Reserve should wait until something about the economy breaks if it wants to help the banking sector, which needs to go through its classic cycles, which have been stunted by Fed actions over the last few years. Todd Rosenbluth, head of research at , also weighs in on the financial services and banking sector, but in his case it's by turning to an insurance fund as his pick for ETF of the Week. Plus, in the Market Call, Jeffrey DeMaso, editor of the , discusses not only his manager-centric fund-selection style but also his recent foray into -- and now out of -- bitcoin.
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Rayliant's Ashby: U.S. fiscal policies are setting up a global crisis
04/17/2024
Rayliant's Ashby: U.S. fiscal policies are setting up a global crisis
Ben Ashby, head of investments at , says he's not particularly worried about what two current wars and other issues are doing to the economy ad stock market now, but that his real worry is federal policies in terms of fiscal expenditures. "To me, that doesn't look sustainable, and that looks more like an emerging market than, basically, the leader of the free world." He says most of the conditions are in place in the U.S. for an inflationary medium-term outlook, though he does think that the U.S. market should be able to avoid a depression after the current concerns get sorted out, but that conditions will feel like the 1970s, a period of high inflation and economic difficulty. Also on the show, Nick Young, chief experience officer at , talks about the question that savers should be asking their advisers regularly that most ignore, Ted Rossman of discusses the troubles that consumers have encountered as they have increasingly gravitated towards using "" programs. In the Market Call, Joe Rinaldi, president/chief financial officer of , covers both stocks and exchange-traded funds.
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ChartPattern's Zanger content to stay in cash and wait out trouble
04/16/2024
ChartPattern's Zanger content to stay in cash and wait out trouble
Dan Zanger, founder and chief technical analyst at , says that he has followed the leaders out of the market, noting that the artificial-intelligence companies that had led the market's rally to new highs have now gone into consolidations and he's content to accept money-market returns until the market changes its tune and the charts stop suggesting that they want to go lower. Also on the show, Herb Greenberg -- longtime journalist and financial analyst -- talks about his new firm, and the twist it is putting on traditional institutional research, as well as why he's not just starting a new business in his 70s but never planning to retire, and why others might want to plan a "retirement" that includes some work. Plus, Craig Martin discusses the from , which showed that people using financial advisers are happier than ever with their results but they're not loyal to their advisers, which may mean that when the market moves away from recent highs they could move on from their counselors.
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Economist Yardeni expects no rate cuts and a market hitting 5400 this year
04/15/2024
Economist Yardeni expects no rate cuts and a market hitting 5400 this year
Edward Yardeni, president and chief investment strategist at , says the economy is resilient enough to handle current levels of interest rates, and that better economic growth will allow earnings to drive the stock market higher even as anticipated rate cuts from the Federal Reserve are put off until 2025. Yardeni says he expects the rest of this decade to resemble the Roaring 20s, without irrational exuberance but also without the Great Depression to follow as it did a hundred years ago. In The Danger Zone, David Trainer at calls shenanigans on Root Inc., noting that price targets on the stock have been raised by over 500 percent, but profitability forecasts have not been going up, suggesting the stock is due for a hard fall after its recent big bounce up. In the Market Call, James Abate of -- manager of the Centre American Select Equity fund -- talks
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NFCU's Frick: The Fed has less power to fix things than markets want to believe
04/12/2024
NFCU's Frick: The Fed has less power to fix things than markets want to believe
Robert Frick, corporate economist at , says that the current issues keeping inflation high are about supply-side economics and are the kinds of problems that the Federal Reserve can't just fix by cutting interest rates. So while he sees the Fed as having pulled off the soft landing earlier this year, it can't "save us" this time, although he says the strong economy should ensure that the cycle should play out without a crash or catastrophe. Ann Somers Hogg, director for health care research for the Clayton Christensen Institute, discusses her work showing that caregivers -- particularly working mothers -- are suffering through mental health issues impacted largely by society not understanding the issues they are facing. As a result, she notes that Plus Bryce Doty, senior portfolio manager at , says the uptick in inflation is not enough to overwhelm the yields investors are earning, noting that real returns may be better than ever. He says investors should enjoy collecting the high yields while interest rates remain high, but total returns should improve once cuts start. Doty is not expecting meaningful rate cuts this year -- he anticipates two reductions, one after the election -- but says that the long-term average gap between the Fed funds rate and inflation is well above its typical zero, so the central bank can cut rates and have a positive gap, meaning it can claim to be tough even as reductions start. Doty anticipates the important cuts -- the ones which narrow that gap back to near zero -- will occur in 2025.
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Two hot takes on the hotter-than-expected inflation numbers
04/11/2024
Two hot takes on the hotter-than-expected inflation numbers
With Wednesday's release of the latest Consumer Price Index numbers shaking the market's confidence that the Federal Reserve will cut rates soon, Chuck gets the latest take from Christian Chan, chief investment officer at , and Gargi Chaudhuri, chief investment and portfolio strategist at . Both see the Fed as acting, though Chan expects the central bankers to wait longer until conditions almost force a move; Chaudhuri still sees cuts later in the year, though she says a June cut may now be off the table. One area where they disagree is that Chan doesn't like the value investors are getting in intermediate-term fixed income, while Chaudhuri says that investors should be looking for intermediate-term fixed income and lengthen maturities now ahead of rate cuts later. Also on the show, Todd Rosenbluth, head of research at , looks to a senior bank loan fund as his ETF of the Week and, in the Market Call, Chuck Carlson, chief executive officer at -- editor at newsletter -- brings his firm's Quadrix system to the fore, noting the sectors that score particularly well now and the areas where the system struggles to find buys.
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SSGA's Milling-Stanley: Gold should keep thriving in this environment
04/10/2024
SSGA's Milling-Stanley: Gold should keep thriving in this environment
George Milling-Stanley, chief gold strategist at , says that inflation staying stubbornly above the target of the Federal Reserve -- despite the central bank's moves that have raised interest rates to 20-year highs -- has created the kind of market conditions in which gold, historically, has thrived. He does not think gold's success is necessarily due to its traditional role as a hedge against inflation, because that requires inflation sustained at levels above 5 percent, but it is other dynamics like geopolitical risk and two ongoing wars that are combining with inflation to drive gold now. Also on the show, Cam Miller of talks about how market highs have shown that consumers are happy with their financial advisers, but how consumers haven't developed loyalty to advisers, a sign that they might bail out and reduce the effectiveness of financial planning if/when market conditions turn. Matt Brannon discusses the study from , which showed that a surprising number of Americans find themse3lves house poor and having regrets about the properties they own, and Emerson Ham III, senior partner at , makes his debut in the Market Call talking stocks, traditional mutual funds and ETFs.
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Hi Mount's Delwiche: 'It takes bulls to have a bull market'
04/09/2024
Hi Mount's Delwiche: 'It takes bulls to have a bull market'
Willie Delwiche, investment strategist at , says the bullish sentiment and investor optimism should lift the commodities market and help the market rally keep rolling, though he says investors should be worried that conditions are taking a turn for the worse when more stocks are making new lows rather than new highs or the Standard & Poor's 500 falls below its long-term average. He says the Federal Reserve may decide not to cut rates until those conditions appear, noting that the central bank won't want to act earlier than conditions force it to. Also on the show, Howard Dvorkin, chief executive at , goes Off The News discussing how Fed data showing higher delinquency rates and rising charge-off data are supported at the grass-roots consumer level, noting his site's most recent credit-card survey, which showed that . Cassandra Happe, analyst at , on the site's survey showing that , though they are not taking many steps to actually avoid them. Plus Chuck answers two listener questions on subjects that the writers think are political but where Chuck thinks the answers should be focused on process and math.
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Comerica's Adams expects 'a pretty good year for the economy,' helped by summer rate cuts
04/08/2024
Comerica's Adams expects 'a pretty good year for the economy,' helped by summer rate cuts
, chief economist at says 2024 will end up as "a pretty good year for the economy," with the soft nearly in place as the Fed starts to cut rates in the summer. He notes that worries about an interest-rate shock or an energy-price shock -- the big two drivers of recession -- are not exceptionally high right now and any raised concerns in those areas have enough offsets for the U.S. economy to remain the world's best while global turmoil and economic uncertainty plays out. Nick Pisano discusses a survey showing that . David Trainer of puts SNAP Inc. back into The Danger Zone, noting the stock probably won't be out of trouble until the stock reaches zero, and Jay Hatfield, chief executive officer at forecasts that the Standard & Poor's 500 will hit 5,750 or higher as part of the macro outlook he uses to inform his stock picking in the Market Call.
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Asbury Research's Kosar: It's risk-on, especially in commodities, despite warning signs
04/05/2024
Asbury Research's Kosar: It's risk-on, especially in commodities, despite warning signs
John Kosar, chief market strategist at , turned positive on the market back in November and he's not ready to ring the register and close out the current rally just yet, though there are some metrics showing that "the market is about as overextended as it's been historically before you get a correction." That doesn't make him nervous or worried, but he says that's a symptom rather than a sell signal. Meanwhile, he sees a bull market running in commodities and he intends to ride that until the market corrects. In the Big Interview, Steve Scruggs, manager of the , says that he would expect small caps to be helped along by interest rate cuts so long as the consumer does not run out of steam when it comes to spending. He favors a mix of long-term compounders and special situations, but notes that quality is expensive right now and the best opportunities are among some stocks that have been beaten down or punished due to operating anomalies that have the chance to revert to the mean and tick up from here. , manager of the fund says in The NAVigator segment that the US has remained one of the best places to be in terms of yields generated relative to the risks being taken. While he favors a global allocation, he noted that the fund has a surprising tilt toward the United States, helped along by the low volatility levels due to the strength of the U.S. economy. De Silva says that the big surprise in recent markets has been how the bad news from Ukraine and Israel -- along with troubles at both the Suez and Panama Canal -- hasn't created uncertainty in the market and convinced investors to stop taking on risk. Plus, Loren Hsaio discusses the latest information from , which shows that Americans are coping with record levels of financial insecurity right now.
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VettaFi's Rosenbluth: This is an exciting time for boring investments
04/04/2024
VettaFi's Rosenbluth: This is an exciting time for boring investments
Todd Rosenbluth, head of research at , says that American investors who have some $6 trillion in cash are in danger of missing out as the Federal Reserve begins to cut interest rates in coming months, meaning they should focus on what they are doing with their cash-like investments. That's why he made Fidelity Limited Term Bond his "ETF of the Week," noting that unexciting -- but in line with expectations -- is something investors should be striving for right now, so that they are protected when the rate picture changes. In The big Interview, Ben McMillan, chief investment officer at , talks about how flexible bond-fund investors should be preparing for rate cuts and focusing in on duration plays -- where they are extending maturities right now to lock in current high rates -- while recognizing that credit quality will be a big factor in what happens when the cuts start happening. Plus, Miles Tullo discusses recent research from on how from greenbacks to digital use of money. Plus, Sandy Villere, co-manager of , talks stocks in the Market Call.
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Macro Institute's Nick says we'll talk much more bad news later this year
04/03/2024
Macro Institute's Nick says we'll talk much more bad news later this year
Brian Nick, chief investment strategist at the , says that people should not expect the Federal Reserve to cut interest rates in hopes of rescuing the economy or keeping the market rally rolling. Instead, he says the Fed tends to cut rates when things go wrong, which he expects to happen by the middle of the year, when bad economic news starts piling up. Nick is not expecting the proverbial soft landing, noting that macro indicators like the inverted yield curve and more are still working through the economic cycle and are making it that the full force of a slowdown will be felt in 2025, and that "the next seven to eight quarters will be tough especially compared to the five or six that have come before it." In "The Financial Crunch from ," Dave Rowan, president of , discusses how investors can integrate real estate and property investments into a portfolio and how "passive income" does not fully describe the role those property buyers play in their holdings. In the Market Call, Jeff Auxier of the , talks about buying businesses rather than stocks, focusing on analyzing what a company does to determine when the stock is presenting a real long-term value and opportunity.
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StockChart's Keller: This 'relentless incline' is reminiscent of '21
04/02/2024
StockChart's Keller: This 'relentless incline' is reminiscent of '21
David Keller, chief market strategist at and the president at , says the market's first quarter was much stronger than he expected, avoiding a low that he was expecting. The current low-volatility incline the market is on reminded Keller of 2021, a time when the market was recovering from Covid and kept driving higher despite concerns. Keller says that he is watching for danger signs like a spike in volatility or deterioration in breadth indicators, but lacking those troubles he says the market is giving a "long and strong" impression that he is inclined to follow until those trouble spots become visible. In The Big Interview, Jonathan Treussard, founder of , says that the Federal Reserve has two choices right now, one of which is declaring victory over inflation despite not having achieved its target rate, or it can push harder to get the job done, which might knock the economy off of its soft-landing trajectory. Like Keller, Treussard notes the market's low volatility as a positive, though he worries that it is making investors take extra chances that could turn into trouble when the market turns. Plus, Tom Martin, senior portfolio manager at , brings his earnings-centric investment style to the Money Life Market Call.
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S&P Global's Gruenwald expects Fed cuts through '25 until rates hit 3 percent
04/01/2024
S&P Global's Gruenwald expects Fed cuts through '25 until rates hit 3 percent
Paul Gruenwald, chief economist at , says that he doesn't see the economy going into a recession, allowing the Federal Reserve to cut rates "at a leisurely pace" and to get through inflation-reduction with a soft landing. Gruenwald recently raised his growth projection for the economy and he says the strong economy is letting the Fed take its time in cutting rates, but that current levels of 5.25 percent are too high. He doesn't expect the central bank to cut rates below 3 percent, which he expects it to reach with a few rate cuts this year starting in June and four to five cuts next year. Larry Tentarelli, founder/chief technical strategist, says the market's upward trend has room to run. As a technician, Tentarelli says the most bullish signal is a market at new highs because there is no overhead resistance, and while he expects some small, normal pullbacks along the way, he expects the long-term move to be higher. Plus, David Trainer, president at , revisits a meme stock in The Danger Zone and author discusses her new book, "Your Best Financial Life: Save Smart Now for the Future You Want."
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Retirement expert Blanton on the mind tricks around Social Security
03/28/2024
Retirement expert Blanton on the mind tricks around Social Security
Kim Blanton of the Boston College Center for Retirement Research – where she writes the Squared Away blog -- says that , and often take the money before they need it based on flawed thinking, reducing their retirement benefits for life. She highlights how savers -- even when confronted with numbers showing that their lifetime benefits will be significantly better with a late start, and assuming they have a long life -- instead jump at the chance to get a smaller amount of money so long as they can start receiving it now. Nicholas Marshi, editor at the , talks about the struggles business development companies had at the end of 2023 and how they have been performing in the new year, with an outlook for what's ahead as the interest rate cycle starts to change. Plus Todd Rosenbluth, head of research at makes BlackRock U.S. Equity Factor Rotation his "ETF of the Week," and Ken Applegate, portfolio manager for the funds talks in the Market Call segment about the promise of foreign small-cap stocks now, after long periods of underperformance for both small-company and overseas investments.
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NDR's Kalish: It's 'a good environment for risk assets'
03/27/2024
NDR's Kalish: It's 'a good environment for risk assets'
Joe Kalish, chief macro strategist at , says that the big picture still argues for overweigting stocks relative to bonds and cash so long as the Federal Reserve follows through on making rate cuts and the economy avoids recession. While economic conditions make it look like a soft landing is in place now, Kalish is concerned about the outlook for 2025, noting that his concern level rises the longer the Fed holds off on rate cuts. Kalish says that the central bank can cut rates while still having restrictive policies, and that if it keeps rates tight for too long, cuts would come too late to avoid much rougher times. Also on the show: Bloomberg reporter Saleha Mohsin talks about her new book, "" and how long the U.S. can maintain its position as the world's financial superpower; Brent Thurman, chief executive officer at discusses the latest developments in the fiduciary rule governing the behavior of financial advisers and whether it makes a difference to consumers in their day-to-day workings with brokers and financial planners; plus, with the Major League Baseball season just one day away, tax attorney David DeJong of discusses what you might want to toss back and forth with your tax adviser if you are lucky enough to catch a milestone baseball when you go to the ballpark this year.
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Payden's Cleveland: 'This is the definition of a soft landing'
03/26/2024
Payden's Cleveland: 'This is the definition of a soft landing'
Jeffrey Cleveland, chief economist at , says that current conditions -- with inflation falling significantly year-over-year and no attendant hike in unemployment and no recession -- are the proverbial soft landing, and he believes these conditions can persist at least through the rest of the year. The soft landing as the dominant macro story will give the Federal Reserve leeway to cut interest rates less than expected, Cleveland says, and he expects central bankers to make cuts cautiously and reluctantly. By comparison, in the Talking Technicals segment, Chris Vermeulen, chief market strategist at says that he thinks the stock market has one last leg up before the indexes -- which are showing signs of topping out -- take a turn for the worse, triggering a correction that he expects to start before election day in November. Further, Vermeulen says the rough market conditions will stick around, rather than representing a buying opportunity on the rebound. Plus, , creator of , is back to discuss his new book, "How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy."
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IBKR's Sosnick: 'You really can't fight the tape right now'
03/25/2024
IBKR's Sosnick: 'You really can't fight the tape right now'
Steve Sosnick, chief market strategist at , says "This is one of the most momentum-driven markets I can recall ... where the winning stocks in one month continue to be the winning stocks the next month and then continue to win again the following month." Yet he believes in being fearful at times when others are greedy, because there are enough warning signs to make investors justifiably concerned that the rally can't last forever. Sosnick says now that the strong economy has made it that the Federal Reserve doesn't need to make rate cuts now, though he still expects them later this year. Also on the show, Kyle Guske, investment analyst at , says that recently revealed accounting concerns may be the catalyst that knocks data-center REIT Equinix from its lofty perch, so he put the stock back in The Danger Zone, but Samuel Adams, chief executive at and manager of the fund, says in the Market Call that data centers -- and particularly Equinix -- are among his favorite buys right now, with his long-term buy-and-hold strategy allowing him to ride out what he expects will be short-term issues due to the reported accounting issues.
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AAM's Colyer says Fed has made it clear this is a time for risk-on
03/22/2024
AAM's Colyer says Fed has made it clear this is a time for risk-on
Scott Colyer, chief executive officer at , says he is cautious right now, but the cyclicals, materials, energy and health care tend to be strong during periods when the Federal Reserve is bringing interest rates down. He suggests riding that trend, saying "You take your cue from the Fed, now is the time that you want risk-on. Kendall Dilley, portfolio manager at , says he expects the stock market to have its average draw-down of 14 percent at some point this year, but he expects it to be a buying opportunity for long-term investors. Plus, Axel Merk, chief investment officer of the , discusses the impact that Saba Capital Management is having on the fund and on shareholders, having entered the fund as an activist, moving to change the board as it pushes for a double-digit discount to be narrowed. Merk discusses the challenge of dealing with activist investors in a junior mining fund, the potential for the fund to be liquidated, the possible outcomes and the impact of the action on shareholders.
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Trillium's Smith: Simplify your portfolio for the coming slowdown and recession
03/21/2024
Trillium's Smith: Simplify your portfolio for the coming slowdown and recession
Cheryl Smith, economist/portfolio manager at , sees the economic tide as running out, and that it will be taking the stock market with it, and while she does not think it will be a steep, sharp, protracted drop, she does say investors will want to prepare for it. She suggests keeping the portfolio simple, rather than going after alternative investments built to make money even when the market is down; she says investors will likely prefer buying U.S. multinational companies rather than investing in foreign stocks and says investors should be moving the portfolio now, so that it is well-positioned when trouble arrives post-election. Also on the show, Todd Rosenbluth, head of research at , makes a young actively managed bond fund from Pimco his "ETF of the Week," Cassandra Happe discusses a study showing that , and money manager and financial historian Daniel Peris discusses his new book,
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Consumers need help in shopping for assisted living
03/20/2024
Consumers need help in shopping for assisted living
Kim Blanton, writer at the Boston College Center for Retirement Research, calls the search for assisted living and notes -- through the story of her mother but also reporting from a hearing before the Senate Committee on Aging from January -- that most people focus more on the "living" part of the issues when they should be paying most attention to the assistance part of the plan. Nick Young, chief experience officer at joins Chuck on The Financial Crunch to discuss robo advisors compared to working with planning pros, Ted Rossman discusses a new survey showing that , and Geoff Garbacz, principal at , brings his indicator-driven approach to the Market Call.
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Wells Fargo's Samana expects a pullback before the rally's next steps
03/19/2024
Wells Fargo's Samana expects a pullback before the rally's next steps
Sameer Samana, senior global market strategist at the , says that the market's recent rally appears to have run out of steam, requiring "a little bit of a breather" before the market makes more real upward progress. He expects a 5 to 10 percent pullback, with Standard & Poor's 500 using the 5,000 level as its new support level and the uptrend only being threatened if the sell-off pushes it below 4,600. Jay Zagorsky, a professor who studies the gaming industry at , says some $20 billion will be gambled on March Madness this year, with a record number of participants placing some type of wager thanks to rapid growth in legalized gaming. , chief credit analyst at , discusses his just-released new book, "Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life," and Elliott Gue, editor of the newsletter is talking income-generating stocks in the Market Call.
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Bear Trap's McDonald: In a 1980s-style recession, go old-school with portfolio
03/18/2024
Bear Trap's McDonald: In a 1980s-style recession, go old-school with portfolio
Macro strategist , creator of , says that the current economic situation is "very 1980s like," a condition that requires different strategies than what most investors have used since the financial crisis of 2008. In a '1980s recession,' a very hot economy keeps inflation ripping and pushes oil prices high, and leaves the bottom 60 percent of the population struggling to keep up, and he says consumers are starting to show that tension now. The conditions should be good, McDonald says, for industrials and the oil and gas industries. Kyle Guske, investment analyst at revisits SweetGreen, noting that the recent jump in the price simply has increased the peril facing investors, which is unexpected because the stock was in the Danger Zone before its IPO in 2021 and subsequently became a so-called zombie stock for being on the verge of running out of capital. Plus, Sophia Titley discusses index on the world's top 10 retirement destinations for 2024, and Craig Giventer, managing director of portfolio strategies at , makes his debut talking stocks in the Market Call.
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'Lex' Luthringhausen is betting the 'insanely bullish' market needs a breather
03/15/2024
'Lex' Luthringhausen is betting the 'insanely bullish' market needs a breather
Kevin "Lex" Luthringhausen, chief content officer at , says he has been stubbornly short the stock market expecting a mild pullback that hasn't been coming because the market is "insanely bullish" right now, having pushed stocks, gold and cryptocurrency into record territory. While Luthringhausen is confident that there will be a consolidation, he does not expect "a massive sell-off" until after the presidential election, when he foresees a potential 10 percent correction; in the interim, he is expecting a solid year with slight pullbacks but near constant upward pressure. Dan Omstead, global head of health care investments at , says in 'The NAVigator segment' that health care's recent rally from several years of struggle represents the start of a positive trend that has the ability to run from here. , author of "Reframing Rich: Creating a Better Relationship with Your Money, Yourself, and Others" talks in the Book Interview about getting the right money mindset to achieve and accept financial success, and Clayton LiaBraaten discusses a survey showing that one in five Americans was the victim of a telephone scam in 2023, a problem that cost U.S. consumers more $24.5 billion.
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CFRA's Stovall: Market will 'surprise' investors for the rest of this year
03/14/2024
CFRA's Stovall: Market will 'surprise' investors for the rest of this year
Sam Stovall, chief market strategist for , says that he expects the stock market to surprise investors in 2024 "the way it did in 2023," producing the kind of double-digit gains that are typical of the second year of a bull market. Once the market gets into the third year of the current bull run -- in 2025, after the presidential election -- he expects a turn because "that's when bull markets tend to die an early death." Stovall notes that while he thinks the market could take a pause or minor correction before resuming its climb, he expects leadership to change from large caps -- which he says are trading at a 30 percent premium to the Standard & Poor's 500 average price/earnings ratio over the last 20 years -- to small and mid-cap stocks, which have been trading at a steep discount. Todd Rosenbluth, head of research at , picks a specialized sector play -- the VictoryShares WestEnd U.S. Sector fund -- as his ETF of the Week, and Cullen Roche, chief investment officer at the , talks exchange-traded funds in the Market Call.
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