Money Life with Chuck Jaffe
1,656 episodes - English - Latest episode: 1 day ago - ★★★★ - 106 ratingsMoney Life with Chuck Jaffe is leading the way in business and financial radio. The Money Life Podcast is a daily personal finance talk show, Monday through Friday sorting through the financial clutter every day to bring you the information you need to lead the MoneyLife.
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Episodes
Boston Partners' Mullaney sees correction and rate cuts creating buying opportunity
July 15, 2024 12:00 - 59 minutes - 55 MBMichael Mullaney, Director of Global Markets Research at Boston Partners, says that the stock market is trading far enough above moving averages that it's due for a correction on the short term. As that pullback happens, he expects the Federal Reserve to kick in with rate cuts beginning in September, driven more by the jobs report than inflation numbers, but he notes that may not have more than a short-term stimulative effect. Mullaney says that while the broad economy may be able to put of...
Real Life Trading's Newsome on why his next move is to cash
July 12, 2024 14:48 - 58 minutes - 53.5 MBJerremy Newsome, founder of Real Life Trading, says that with the election looming after the traditional summer-fall doldrums — and having already hit his profit targets for the year — he is about to move 100 percent into cash. "I think it's too easy right now," he says. "We're too high, it's too easy, everything is going straight up ... no reason not to be all up in cash up here for me." Newsome was clear that he's selling into strength and locking in profits, because he does think the mark...
Innovator's Urbanowicz: 'All-time highs are not a catalyst for a sell-off'
July 11, 2024 14:05 - 1 hour - 57 MBTim Urbanowicz, head of investment strategy and research for the Innovator ETFs, says that the current bull market run has the stock market hitting new highs roughly every four days, which is fast compared even to the Internet bubble days, and while investors are nervous that things must take a turn, he points out that hitting all-time highs has never been a catalyst for a sell-off, and isn't likely to be one now. That makes it crucial for investors to manage risk and balance their fear of l...
Northwestern Mutual's Schutte sees recession ahead, soon after rate cuts
July 10, 2024 15:18 - 1 hour - 56.6 MBBrent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co., says the economic cycle is now in its last stages, and while there may be a blow-off top before trouble is here, he expects a recession and he will not be surprised if it occurs after the Federa;l Reserve cuts interest rates. While many observers expect cuts to help markets, Schutte says that the Fed has never been able to take an overheated economy and cool it without triggering a recession. He added t...
CFRA's Stovall expects a sell-off, but it won't derail this bull market
July 09, 2024 13:35 - 57 minutes - 53.3 MBSam Stovall, chief market strategist for CFRA Research, says the market needs to "digest its gains," which he expects to turn into a "low teens selloff," but that will be a bull market correction and not a catastrophic event like the 2008 financial crisis. Stovall expects the Federal Reserve to make cuts starting in September, but he notes that the central bank is going to wait until it absolutely must make a move rather than making any change simply because the market is anticipating one,...
New Constructs Trainer on why HF Sinclair is in 'The Attractive Zone'
July 08, 2024 12:39 - 1 hour - 55.8 MBDavid Trainer, founder and president of New Constructs, was still in a festive Fourth of July mood, so instead of going to his usual spot in "The Danger Zone," he picked a quality, classic American business as a potential buy, singling out HF Sinclair, the oil company, for "The Attractive Zone." Between consistent growth in its dividend and stock buy-backs, Trainer says HF Sinclair could have a potential yield of 10 percent or more. Mark Hamrick, senior economic analyst and Washington bureau...
T. Rowe Price's Schmidt expects soft landing, finally, to happen soon
July 05, 2024 17:45 - 58 minutes - 54.2 MBNikolaj Schmidt, chief international economist at T. Rowe Price, says he's expecting a correction soon "but it's not going to be something too deep or too dark or too scary," noting that the economic backdrop remains strong enough that the Federal Reserve can likely finish the year with just one rate cut. Schmid discusses T. Rowe's 2024 Mid-Year Outlook, and notes that he is concerned that with foreign central banks already having cut rates, the Fed's timing is now more critical because it ...
Chautauqua's Lubchenco: Foreign stocks 'are due to reclaim market leadership'
July 03, 2024 13:12 - 59 minutes - 54.4 MBDavid Lubchenco, partner at Chautauqua Capital Management, says that the underperformance of foreign stocks for several years has been so extreme that relative valuations look good and international stocks are poised for a strong run whenever the market's next cycle begins. Lubchenco says that when there is a concentrated market like what investors have seen during the rise of the Magnificent Seven stocks, it portends change ahead, which makes this a good time for investors to make sure they...
XG Capital's Gray: 'The larger correction is looming on the horizon'
July 02, 2024 13:37 - 59 minutes - 54.5 MBXander Gray, founder and chief executive officer at XG Capital Strategies, says that a bear market is coming, with a number of potential catalysts contributing to trigger the downturn. He says that while he expects a downturn of up to 30 percent, he does not expect it to take long. Further Gray says that for investors who have not been buying now likely want to wait until next year, with the market around record highs but likely to have at least a minor blow-off before the real bear market s...
Emerging muni bond woes could signal broader economic problems
July 01, 2024 12:37 - 1 hour - 55.5 MBJeff Timlin, head of municipal strategies at Sage Advisory Services, says that potential problems surfacing in the California and New York municipal bond markets are telegraphing "an economic slowdown nationally," but that investors should not worry about a significant increase in defaults, and should instead find munis becoming increasingly attractive once the Federal Reserve starts cutting rates. David Trainer, president of New Constructs, puts electric-vehicle maker Nio back into The Da...
D.R. Barton Jr. says the market is overbought, but this cycle room to run
June 28, 2024 12:45 - 58 minutes - 53.5 MBD.R. Barton Jr., Director of Market Research at the Foundation for the Study of Cycles, says the longest cycles suggest that the market is topping out now, but 'near-term overbought doesn't bother me right now.' He is expecting more upside into the election and carrying into 2025 before any downturn is more dramatic than a simple buying opportunity. He says that he doesn't expect much downside risk until or unless the Standard & Poor's 500 falls below the 5,300 level; meanwhile the market i...
BCA's Gertken: 'Recession is coming,' investors should de-risk now
June 27, 2024 11:54 - 58 minutes - 53.9 MBMatt Gertken, chief strategist for global and U.S. political strategy at BCA Research, says investors should be factoring in geopolitics and the upcoming U.S. election now, because current uncertainty could cause a downturn "soon, at any time." But once the election is sorted out, whoever wins — and no matter the policies they pursue — is facing the inevitabilities of the economic cycle. Gertken is clear that he doesn't see the kind of economic imbalances that would cause a market cataclysm ...
Hancock's Roland: This extended cycle is coming around to a traditional ending
June 26, 2024 14:11 - 1 hour - 57 MBEmily Roland, co-chief investment strategist at John Hancock Investment Management thinks the current protracted economic cycle "will end the same way that almost every cycle has," with high interest rates triggering trouble before rate cuts and a downturn that resets the market and repositions it for growth. Roland is hopeful the economy can avoid a hard landing — and she notes that heightened government spending that has helped the current economy could keep it going longer — but says she ...
Horizon's Ladner is more concerned about the next six weeks than six months
June 25, 2024 13:29 - 59 minutes - 55.1 MBScott Ladner, chief investment officer at Horizon Investments, expects the market to start a new leg up and rally, but he notes that it has to go through a shake up and get to where rate cuts start before that uptick starts in earnest. Ladner notes he is "a whole lot more confident about the next six months than the next six weeks," noting that current conditions — with steady or falling interest rates and growth in earnings — "doesn't translate into bad markets." While those conditions don'...
Wells Fargo's Christopher: First a downturn, then the economy triggers another rally
June 24, 2024 12:50 - 1 hour - 56.7 MBPaul Christopher, head of global investment strategy at the Wells Fargo Investment Institute, says the market will take a break of as much as 10 percent, and he is looking for that kind of setback before getting back to being fully invested. That said, he expects the economy to pivot out of slowdown mode and "into a more sustainable growth path, but probably not until later this year or early in 2025." David Trainer, founder/president of New Constructs, puts a popular consumer name into the ...
Raymond James' Adam: Summer will be bumpy, but isn't leading to recession
June 21, 2024 13:16 - 1 hour - 57.3 MBLarry Adam, chief investment officer at Raymond James, says that summers tend to be more volatile and while the market has been up seven of the last eight summers, those gains have had to overcome significant drawdowns, and he thinks that pattern will repeat with an "overbought" market now. Adam still expects two rate cuts, which should avert a recession, although the economy will likely struggle and will be setting up a rougher year in 2025. Roxanna Islam, head of sector and industry resear...
Mission accomplished, Yaruss says it's time for the Fed to cut rates
June 20, 2024 12:59 - 1 hour - 55.5 MBHoward Yaruss, professor at New York University and author of "Understandable Economics,” says the Federal Reserve should "consider a small rate cut, as soon as possible," in part because the central bank has done a good job — as measured by certain inflation measures — in at least coming close to its target levels, but also because other central bankers around the globe have started to cut, and there could be some issues arising if U.S. monetary policy is out of sync with the rest of the wo...
Yes, some of the Magnificent Seven remain bargain/value stocks
June 18, 2024 14:23 - 1 hour - 57.3 MBDedicated value investor John Buckingham, editor of The Prudent Speculator and principal portfolio manager at Kovitz Investment Group, says that the long run of the Magnificent Seven has not made it impossible for value investors to hold some of them, noting that while the very hottest don't meet the definition of value, other tech giants like Alphabet and Meta Platforms are trading at levels that shouldn't scare the bargain hunters away. He discusses his buying and trimming strategy in the ...
Why Chuck isn't taking Social Security benefits now (or soon)
June 17, 2024 14:14 - 58 minutes - 54.3 MBWhen Chuck turned 62 last week, he became eligible to claim Social Security benefits, and while he always expected to wait as long as possible before collecting, his own health history, his recent marriage and the passing of some friends of similar ages prompted him to revisit the entire Social Security claiming decision, because deciding when to claim benefits — and how much to let them grow or how to handle them if you take them early — may be the single most important financial decision m...
Fiduciary Trust's Sanchez: 'The markets are never about seven stocks'
June 14, 2024 14:39 - 59 minutes - 54.8 MBRon Sanchez, chief investment officer at Fiduciary Trust Company International, says that as the market settles into long-term grown and moderating inflation, it's a good environment for financial markets to broaden out, where he expects more normal relationships between domestic and international stocks and large-company and small-cap stocks. "The market is never about seven stocks or 10 stocks," Sanchez says, which is "a healthy reminder as we look ahead to make sure your portfolio is dive...
Tom McIntyre: Obsession over the Fed is 'a complete waste of time'
June 13, 2024 11:03 - 58 minutes - 54.2 MBTom McIntyre, president of McIntyre, Freedman & Flynn, says that "this obsession with Fed policy is misplaced," noting that government spending has helped prop up the economy and hidden weakness in the economy. He's concerned about "overall slippage" in the economy; as an investor who factors the news into his investment choices, McIntyre is staying away from retailers and most financial names, but is gravitating toward utilities and energy producers, as well as companies that are part of th...
Payden's Trevithick: Fed can 'still orchestrate a pretty soft landing'
June 12, 2024 12:57 - 59 minutes - 54.8 MBNatalie Trevithick, head of investment grade corporate bonds at Payden & Rygel, says that companies prepared for the high-interest rate environment in advance, in ways that have allowed the bond market to avoid the rise in defaults that typically hits during rate hikes, but that also contributed to stronger economic growth, which has allowed inflation to be sticky without a lot of pain to the economy. It's part of why the inverted yield curve hasn't indicated a recession yet, and Trevithick ...
Global X's Helfstein: 'There is no crisis,' so Fed can stay patient
June 11, 2024 14:41 - 1 hour - 56.1 MBScott Helfstein, head of investment strategy at Global X ETFs, says that he has no problem with higher-than-planned inflation levels so long as nominal economic growth is there. "Investors don't really profit off of Federal Reserve changes," he says, "they profit off of growth in the economy, and that's what we should be focused on." Gene Peroni, founder of Peroni Portfolio Advisors, says that "The market is sensing something quite significantly positive on the horizon, based on its trends....
Cerity's Mills: The economy is strong enough to overcome current headwinds
June 10, 2024 12:47 - 1 hour - 55.6 MBKarl Mills, partner at Cerity Partners, says that the U.S. economy remains strong, there are some headwinds facing the stock market and that investors should go back to basics — diversifying across borders and industries and looking for investments they will hold long-term. Mills made it clear that he's optimistic for the long term, noting that investors are more likely to be thrown off by the problems that are not yet obvious — "It's not the monster in the closet that gets you," he says, "i...
LMTR's Lamensdorf: Margin of safety is low, 'we're due' a correction
June 07, 2024 15:01 - 58 minutes - 54 MBBrad Lamensdorf, strategist at the Lamensdorf Market-Timing Report and manager of the Ranger Equity Bear ETF, says there's "a lot of stock in a lot of weak hands," which tends to lead to a serious correction, and he says the market is due for a 15 to 25 percent pullback. Further, he notes that bear market corrections tend to "be more significant" in a high-rate market like the one being faced today; Lamensdorf notes that while the market is near record highs and has gone up sharply this year...
Bankrate's Rossman on the changing tip culture and why Americans hate it
June 06, 2024 14:23 - 1 hour - 56.7 MBTed Rossman, senior industry analyst at Bankrate.com, discusses a just-released survey which shows that Americans are getting fed up with being asked to leave a tip at everything from a self-service checkout counter to a pick-your-own strawberry farm. The survey showed that nearly 3 in 5 American adults have at least one negative view of tipping, with a surprising number being upset enough that they have stopped tipping even at sit-down restaurants. Bruce Kahn, lead portfolio manager at Shel...
Schwab's Jones: 'The Fed should be cutting rates now, not waiting'
June 05, 2024 13:39 - 57 minutes - 53.4 MBKathy Jones, chief fixed income strategist at Charles Schwab, says that the Federal Reserve should be cutting rates now rather than waiting, so the central bank will be deserving of the blame if we get a recession in 2025. Jones worries that central bankers have become "too spooked by inflation," and says they should be less cautious and more forward-looking, and that kind of action could be reflected in one or two rate cuts before the end of the year. Historian William Hogeland discusses hi...
Regions McKnight sees storm clouds, Elliott Wave's Gilburt sees typhoon
June 04, 2024 13:46 - 59 minutes - 54.9 MBAlan McKnight, chief investment officer at Regions Asset Management, sees storm clouds on the horizon for the market and the economy, but his outlook remains benign, suggesting that a well-diversified portfolio will withstand heightened volatility for the remainder over the year. He says we have experienced a muted, rolling downturn and doesn't see a full-blown recession happening. By comparison, Avi Gilburt, founder of the Elliott Wave Trader, entered the year calling for the market to reac...
Hartford's Boyle: Attractive bond valuations are the big plus of Fed's pause
June 03, 2024 18:25 - 1 hour - 57 MBJoe Boyle, Fixed Income Investment Strategist for the Hartford Funds, says that the re-set in fixed-income after rates popped up in 2022 and 2023 have made it unimportant to bond investors whether the Federal Reserve cuts rates any time soon, because the yields should remain strong. That said, Boyle said he was looking further out the yield curve — especially is it looks likely to normalize after two years of being inverted — because adding longer, high-quality bonds will pay off when the ra...
Almanac Trader Hirsch says this isn't the May to sell and go away from
May 31, 2024 14:12 - 58 minutes - 53.8 MBJeffrey Hirsch, editor-in-chief of the Stock Traders’ Almanac — chief investment officer at Hirsch Holdings — says that calendar effects and seasonal sell signals may be indicating that it's time to "sell in May and go away," but he says long-term investors have plenty of reason to remain bullish enough thanks to election effects and more that investors "have no need to go away," so long as they can put up with the market's increased chop over the summer. Hirsch noted that the election effec...
ProShares' Hyman: "It's not about the Fed or interest rates'
May 30, 2024 14:19 - 1 hour - 56.2 MBSimeon Hyman, global investment strategist at ProShares, is doubling down on a forecast he made before 2024 started, in which he said the outcome of the year for the market and economy was not "all about the Fed." He says the Federal Reserve's grip on the economy has eased, largely because the long end of the yield curve is free from the tight grip of the Federal Reserve. With the long end of the yield curve driving equity prices, Hyman thinks the market can find more room to run, and that's...
IBKR's Torres: Consumer will power economy, market into 2025
May 29, 2024 12:45 - 58 minutes - 54.2 MBJose Torres, senior economist at Interactive Brokers, expects consumers to keep spending and to help power the economy through at least the end of the year without a recession, but he notes that if the Federal Reserve ultimately decides that it's going to 2 percent inflation or bust, there will be a bust for the consumer and the economy, with the current party ending in a potentially protracted period of struggles. Jack Nelson, portfolio manager of the global emerging markets sustainability ...
Carson Group's Detrick: Chances of recession in next 12 months 'are quite low'
May 28, 2024 11:30 - 57 minutes - 52.8 MBRyan Detrick, chief market strategist at the Carson Group, notes that the economic news and growth remain so strong that "the odds of recession are quite low."Detrick notes that 10 of 11 sectors in the Standard & Poor's 500 are higher year-to-date, which is why his firm is overweight in equities generally, and has been adding to financials and industrials in particular. Detrick says there are several disconnects between hard and soft data -- soft data shows low consumer confidence but hard d...
Raging Bull's Bishop: 'If this is not the top, we've got to be very close'
May 24, 2024 13:23 - 59 minutes - 54.6 MBJeff Bishop, chief executive officer at RagingBull, says that the market is showing signs of topping out, though he thinks that the building downturn now will likely be short and not too steep before a rally again chases record highs. Bishop notes that "all of the bears have been destroyed," so there are few investors betting against the market, which is typically a sign that trouble is ahead. Bishop notes that those bearish investors were tired of their losses, and that betting against the ...
Orion's Vanneman: This is the market you diversify for
May 23, 2024 13:41 - 1 hour - 57 MBRusty Vanneman, chief investment strategist at Orion Wealth Management, says that while the economy has been stronger than investors expected entering the year — and isn't likely to have a sudden reversal — investors need to heed the warning signs and balance optimism with caution, remaining properly diversified. He notes that some international markets are particularly well-positioned right now in terms of valuations compared to domestic equities, particularly in hot industries like artific...
Lido's Sanchez: 'This is the most fickle market we've ever experienced'
May 22, 2024 13:52 - 59 minutes - 54.9 MBGina Sanchez, chief market strategist at Lido Advisors, says that the stock market is changing its mind so fast that every month investors have a new focus. She notes that the market has gone from favoring value to growth to defensive growth and kept rotating to where it is now back to growth, but she says that can't continue for long because the current level of "productive inflation" will stop working, leading to a slower economy in the second half of the year. While she doesn't expect a h...
Dave Rosenberg: The recession was delayed, but it's coming soon
May 21, 2024 14:02 - 1 hour - 57.7 MBDave Rosenberg, president of Rosenberg Research, says that anyone believing a no-landing scenario believes in pixie dust, and that investors are mistaking record highs on the stock market for a booming economy. He sees the economy as cooling off, and warning signs building, and notes that the Federal Reserve is too focused on lagging indicators, but the trouble they have been guarding against is still coming. Meanwhile, Rosenberg says investors aren't getting paid to take on equity risk, so ...
3Edge's Foltz: Participate in the rally, but look for danger ahead
May 20, 2024 13:13 - 59 minutes - 54.5 MBFritz Folts, chief investment strategist at 3EDGE Asset Management, says investors need to be watching for issues like liquidity being pulled from the system and credit spreads widening and other signs that there may be trouble ahead. He says the market -- as witnessed by the Dow Jones Industrial Average crossing 40,000 last Friday -- remains driven by momentum and investor behavior and fear of missing out, but once there are strong signs that conditions are faltering and momentum is slowing...
Midas' Winmill: Gold miners poised for a pop when the Fed cuts rates
May 17, 2024 13:18 - 1 hour - 56.4 MBThomas Winmill, manager of the Midas Fund, says that gold historically has a quick bounce after the first cut in a rate-cutting cycle, and he expects to see that gain in gold stocks — a fast uptick and then strong results lasting at least a year — whenever the Federal Reserve moves next. Winmill says that the market can keep climbing the wall of worry for a little while, but he expects struggles once current momentum fades. Leo Leydon, president of Financial Focus Advisory Services, says the...
Touchstone's Thomas: The Fed needs a soft landing to hit inflation target
May 16, 2024 13:20 - 59 minutes - 54.8 MBCrit Thomas, global market strategist at Touchstone Investments, says that a no-landing situation for the economy will create problems for the Federal Reserve when it comes to hitting inflation targets, and for consumers who are renting, buying cars and more. Thomas noted that the current two-speed economy features a large group of consumers and businesses that have been less interest-rate sensitive and who have benefitted from current conditions, while a smaller group is struggling with hig...
Whitney Tilson on letting winners run as market hits new highs
May 15, 2024 15:18 - 59 minutes - 54.9 MBWhitney Tilson, editor at Stansberry Research, says the current market conditions have made him "much more prone to let my winners run," and that investors should not take a market pushing to all-time highs as some sort of sell signal because in most times -- including today -- new highs are a positive, even if they inspire some nervousness and fear of new heights. Tilson says that investors should focus less on headlines and more on what drives markets, namely a strong economy and growing c...
Ritholtz: 'What on earth is more bullish than all-time highs and record profits'
May 14, 2024 13:53 - 57 minutes - 52.6 MBBarry Ritholtz, chairman and chief investment officer at Ritholtz Wealth Management, says talk of stagflation and other potential economic woes is overblown, and that the economic data suggests that the economy will overcome the short-term headline distractions to perform reasonably well, even if consumers and investors feel dissatisfied living through periods of higher inflation and lower investment returns. He says the profitability and performance of companies are broadening, and that's h...
Allspring's VanCronkhite: Fed has 'missed the window' to goose market with cuts
May 13, 2024 13:35 - 1 hour - 55.8 MBBryant VanCronkhite, senior portfolio manager at Allspring Global Investments, says investors have pushed the Federal Reserve into a box, to where central bankers will now be cutting rates into an environment of rising unemployment and slowing gross domestic product growth. Historically, he notes, the stock market fears those conditions rather than rewarding it, which means the market will be sorting out that problem through higher volatility while it waits for more certainty from the econom...
Argent's Stringfellow: 'Maalox Moment' should make investors more active
May 10, 2024 14:04 - 59 minutes - 54.8 MBTom Stringfellow, chief investment strategist at Argent Trust, says that the market has reached a "Maalox Moment," where investors want to be invested but are nervous about the potential for a big drop, and they have to be willing to ride out their choices or they should be taking the safe alternatives of higher yields in fixed income. Stringfellow says that classic buy-and-hold investors need to be more active to feel comfortable today, noting "Just sit back and relax doesn't count." Buck K...
Franklin Templeton's Dover: 'We're driving our car hitting the gas and the brakes'
May 09, 2024 13:15 - 58 minutes - 53.6 MBSteven Dover, chief market strategist at Franklin Templeton — the head of the Franklin Templeton Institute — says that America's fiscal and monetary policies are sending mixed signals, "driving our car hitting the gas and the brakes at the same time." Fiscally, it's the gas, as shown by economic numbers, but the Federal Reserve is hitting the brakes, which makes it hard to figure out what's next, contributing to recent market whipsaw moves. Dover says current conditions suggest that investor...
Little Harbor's Thompson: 'Right now, the market is in a good place'
May 08, 2024 13:32 - 1 hour - 58.6 MBMike Thompson, portfolio manager at Little Harbor Advisors, sees heightened volatility ahead for the market, but says that recent concerns on big-picture items have seemed to ebb, giving the stock market room to run here. In the Big Interview, Thompson explains his firm's "risk-responsive investing" approach and the tactics it is drawn to in current economic and market conditions. Aniket Ullal, head of ETF data and analytics at CFRA, brings his firm's forward-looking, short-term ratings syst...
Crossmark's Fernandez: Volatility will pick up as rate cuts are delayed
May 07, 2024 13:23 - 59 minutes - 55 MBVictoria Fernandez, chief market strategist at Crossmark Global Investments, says that she sees the stock market grinding higher through heightened volatility for the rest of the year as the Federal Reserve pushes rate cuts out to December or into 2025. Still, she expects "another shoe to fall" with the economy and the market, though that trouble likely is coming next year or beyond. By comparison, Adam Grimes, president of Talon Advisors, sees the market retesting record high levels in fair...
Edward Jones' Kourkafas prefers strong economy to market-boosting rate cuts
May 06, 2024 13:29 - 58 minutes - 54.3 MBAngelo Kourkafas, senior investment strategist at Edward Jones, says we are seeing a tug of war between the forces lifting the economy -- powered by excitement over artificial intelligence -- facing the stubbornness of inflation and the likelihood that the Federal Reserve will postpone rate cuts as long as possible, weakening the market. Kourkafas says he prefers the strong economy over rate cuts because it builds a strong foundation for corporate profits, which ultimately will drive market...
Devilish details for new ETF promising market gains with no losses ever
May 03, 2024 11:00 - 59 minutes - 54.7 MBMatt Kaufman, head of ETFs at Calamos Investments, discusses the firm's new "structured protection ETFs," in which a fund owner gets exposure to a market index but gives up some upside potential in exchange for protection against losses. The funds sound like a substitute for stocks but, akin to equity index products and other financial hybrids built to avoid losses, are a more suitable substitute for bank savings accounts and other cash investments. Kaufman says the products are a reflection...
Channel Cap's Roberts: The Fed's motto now is 'First, do no harm'
May 02, 2024 13:42 - 59 minutes - 54.4 MBDoug Roberts, chief investment strategist at the Channel Capital Research Institute -- author of "Follow the Fed to Investment Success" -- says that Jerome Powell is currently trying to live "the financial version of the Hippocratic oath, which says 'First, do no harm.'" Roberts says that Powell is trying to adjust expectations gradually, which is why Wednesday's statement from the Fed boss was benign, trying to play both sides, setting expectations at one rate cut this year but with the pot...