Money Life with Chuck Jaffe
1,588 episodes - English - Latest episode: 18 days 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
Asbury Research's Kosar: It's risk-on, especially in commodities, despite warning signs
April 05, 2024 14:02 - 59 minutes - 55.2 MBJohn Kosar, chief market strategist at Asbury Research, 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 rid...
VettaFi's Rosenbluth: This is an exciting time for boring investments
April 04, 2024 13:47 - 1 hour - 56.7 MBTodd Rosenbluth, head of research at VettaFi, 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 pro...
Macro Institute's Nick says we'll talk much more bad news later this year
April 03, 2024 14:44 - 58 minutes - 54.3 MBBrian Nick, chief investment strategist at the Macro Institute, 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 s...
StockChart's Keller: This 'relentless incline' is reminiscent of '21
April 02, 2024 14:05 - 59 minutes - 55.1 MBDavid Keller, chief market strategist at StockCharts.com and the president at Sierra Alpha Research, 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 l...
S&P Global's Gruenwald expects Fed cuts through '25 until rates hit 3 percent
April 01, 2024 13:24 - 58 minutes - 54.1 MBPaul Gruenwald, chief economist at S&P Global Ratings, 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 ...
Retirement expert Blanton on the mind tricks around Social Security
March 28, 2024 14:09 - 1 hour - 56.1 MBKim Blanton of the Boston College Center for Retirement Research – where she writes the Squared Away blog -- says that Americans wind up falling into some classic psychological traps when it comes time to claim Social security benefits, 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 s...
NDR's Kalish: It's 'a good environment for risk assets'
March 27, 2024 13:28 - 1 hour - 55.5 MBJoe Kalish, chief macro strategist at Ned Davis Research, 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 ra...
Payden's Cleveland: 'This is the definition of a soft landing'
March 26, 2024 15:20 - 1 hour - 55.4 MBJeffrey Cleveland, chief economist at Payden & Rygel, 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...
IBKR's Sosnick: 'You really can't fight the tape right now'
March 25, 2024 13:55 - 59 minutes - 54.6 MBSteve Sosnick, chief market strategist at Interactive Brokers, 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 h...
AAM's Colyer says Fed has made it clear this is a time for risk-on
March 22, 2024 13:15 - 57 minutes - 53 MBScott Colyer, chief executive officer at Advisors Asset Management, 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 Vineyard Global Advisors, says he expects the stock market to have its average draw-down of 14 percent at ...
Trillium's Smith: Simplify your portfolio for the coming slowdown and recession
March 21, 2024 13:03 - 1 hour - 55.6 MBCheryl Smith, economist/portfolio manager at Trillium Asset Management, 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 co...
Consumers need help in shopping for assisted living
March 20, 2024 13:28 - 1 hour - 55.7 MBKim Blanton, writer at the Boston College Center for Retirement Research, calls the search for assisted living "an opaque experience" 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 Money Pickle joins Chuck on The Financial Crunch...
Wells Fargo's Samana expects a pullback before the rally's next steps
March 19, 2024 13:06 - 1 hour - 55.8 MBSameer Samana, senior global market strategist at the Wells Fargo Investment Institute, 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 ...
Bear Trap's McDonald: In a 1980s-style recession, go old-school with portfolio
March 18, 2024 13:25 - 1 hour - 55.3 MBMacro strategist Larry McDonald, creator of The Bear Traps Report, 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 sho...
'Lex' Luthringhausen is betting the 'insanely bullish' market needs a breather
March 15, 2024 13:48 - 59 minutes - 55.2 MBKevin "Lex" Luthringhausen, chief content officer at Tradier Hub, 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 ...
CFRA's Stovall: Market will 'surprise' investors for the rest of this year
March 14, 2024 13:37 - 59 minutes - 55.1 MBSam Stovall, chief market strategist for CFRA Research, 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...
BlackRock's DeSpirito: 'Volatility is a really good opportunity set'
March 13, 2024 14:12 - 1 hour - 57.5 MBTony DeSpirito, global chief investment officer of fundamental equities at BlackRock -- lead portfolio manager of the BlackRock Equity Dividend fund -- says that the Federal Reserve will be more concerned with inflation than deflation for the next three to five years, keeping interest rates relatively high and creating more market volatility; he says that increased back and forth will make for good opportunities for active management to deliver market-beating results. DeSpirito is looking fo...
Piper Sandler's Johnson: Volatile market will flatten out from here
March 12, 2024 14:09 - 1 hour - 56.2 MBCraig Johnson, senior research analyst at Piper Sandler, says that the Dow Jones Industrial Average, Standard & poor's 500 and the Nasdaq Composite are all "trading at the very upper end of an 18-month trading range and this is not usually where you start a whole other leg higher," so he expects a correction back to about 4,600 on the S&P in the next six weeks. When that move is finished, Johnson expects the market to resume its upturn but then to settle into a "high-level trading range," w...
Baron's Kolitch: Don't wait for the 'all clear' on real estate; now's the time
March 11, 2024 13:35 - 59 minutes - 54.7 MBJeff Kolitch, portfolio manager for the Baron Real Estate and Baron Real Estate Income funds, says that the scary headlines about real estate -- and particularly commercial real estate -- have been an over-reaction and says investors want to be looking at real estate stocks now rather than waiting for "an all-clear signal" on the industry. "The best time to step in is when there's angst out there," Kolitch says, "and we like the set-up and think it's a great time to lean into real estate." K...
Blair's Anderson: Rate cuts will weaken the dollar, but help foreign stocks
March 08, 2024 12:26 - 1 hour - 57.3 MBAlaina Anderson, co-portfolio manager at the William Blair International Leaders Fund, says that when the Federal Reserve starts cutting interest rates -- which she expects in the second half of the year -- which should soften up the U.S. dollar, a situation that would make foreign stocks more attractive. She notes that she particularly likes Japan right now, and is guarded on China, where both performance and geopolitical issues are creating genuine worries. In The NAVigator, Cory Johnson o...
Fort Washington's Sargen: The big risks now are geopolitical
March 07, 2024 13:58 - 1 hour - 56.1 MBNick Sargen, senior economic advisor at Fort Washington Investment Advisors, says the market is not pricing in geopolitical risks adequately, so while things look good for the U.S. economy, the domestic stock market could be more vulnerable to global financial events that could trigger a downturn. Sargen also discusses why economists are worse than weathermen when it comes to forecasting future storms. Todd Rosenbluth, head of research at VettaFi, looks at a young, granular actively managed ...
Gateway's Buckius: 'This is not the level that bull markets start from'
March 06, 2024 13:40 - 1 hour - 55.4 MBMike Buckius, chief executive officer at Gateway Investment Advisers, says that the concentration at the top of the market and the rate cycle and the Federal Reserve's delays in cutting rates have made it that investors should manage risks, because valuations have gotten frothy and drawdowns "throw investors off of their long-term plans." He says that the market's bounce-back to record highs makes it feel like stocks are due for 'a pause and consolidation,' which is the kind of time when Gat...
One market, lots of scary numbers, two widely varied opinions
March 05, 2024 14:42 - 59 minutes - 54.3 MBThe optimists and the pessimists will be served today on Money Life, as two interviews look at the same market but come to wildly different conclusions. Carley Garner, senior commodity strategist at DeCarley Trading, says in the "Talking Technicals" segment that she "sees some really big red flags waving," and that it will get rocky as the market backs away from being "extremely over-extended." She expects the market to take a turn for the worse, though she thinks election-year conditions ma...
Causeway's Jayaraman: Small caps are looking up, especially in Japan and India
March 04, 2024 13:35 - 1 hour - 55.3 MBArjun Jayaraman, portfolio manager at Causeway Capital Management, says that valuations abroad are better than what investors are seeing domestically -- noting that international small cap stocks are trading at a discount of 10 times compared to domestic large-cap companies -- but made it clear he favors Japan and India while worrying that geopolitical issues are making it difficult to invest in China despite compelling valuations that have it among the cheapest nations in the world. Plus, K...
'The gold market is suffering from sticker shock right now'
March 01, 2024 15:35 - 57 minutes - 52.7 MBEverett Millman, precious metals specialist at Gainesville Coins, says that the gold market is surprised by how strongly the price of gold has held above the $2,000 level this year despite "rather tepid demand for physical cold in North America in Europe." Millman notes that there is a geopolitical premium on gold right now, which combined with the election year and concerns over inflation and interest rates has helped prices hold current levels, and he expects it to trade sideways until the...
Wellington's Jacobson: 'We like equities better than bonds now'
February 29, 2024 13:47 - 59 minutes - 54.9 MBNanette Abuhoff Jacobson, multi-asset strategist at Wellington Management -- the global investment strategist for the Hartford Funds -- says that she prefers equities to bonds right now, despite fixed income delivering its best returns in years, noting that she particularly likes dividend paying stocks, both in the U.S. and in Europe. Jacobson also likes Japan, but she dislikes emerging markets and is particularly wary of China right now. Todd Rosenbluth at VettaFi likes the looks of a relat...
Cambria's Faber: 'If you're not going to do value now, you're never going to do it'
February 28, 2024 15:05 - 1 hour - 55.6 MBMeb Faber, chief executive and chief investment officer at Cambria Investments, says value investing is poised for success, not just in the United States -- where the market has been dominated by a few high-priced big names -- but globally, and particularly in emerging markets where the technology names that almost never trade at discounts here are bargain-priced now. In a wide-ranging interview, Faber discusses how the market's run has highlighted the disfunction of some conventional indexe...
Lowry's Kahn: 'The major trend is up.' Ride the trend
February 27, 2024 14:39 - 59 minutes - 54.9 MBMichael Kahn, senior market analyst at Lowry Research Corp., says that there are plenty of minor, nagging concerns about the market, but the major trend is up "and until there is evidence such as falling breadth or deteriorating volume" and more, investors should ride the trend higher. Kahn notes that the Magnificent Seven -- which have led the market higher -- have gone up so much that any bad news for them "could be a real problem" that would drag the index down, but there are other oppor...
Stance’s Davis sees small-caps leading market’s next leg up
February 26, 2024 14:04 - 1 hour - 55.7 MBBill Davis, portfolio manager at Stance Capital -- which managed the Hennessy Stance ESG ETF -- says companies in the bottom two-thirds of the Standard & Poor's 500 are poised to out perform moving forward as the stock market moves back towards normalcy with more stocks sharing in the solid economic underpinnings and the Magnificent Seven stocks and other giants having reduced role in the market's growth. Likewise, Charlie Ripley, senior investment strategist at Allianz Investment Managemen...
Oakmark's Nygren: Curb enthusiasm in a muted market, but don't forsake value
February 23, 2024 15:24 - 1 hour - 55.5 MBBill Nygren, co-manager of the Oakmark Fund, says investors should expect slower growth from the market for the next decade; as a result, he says "the long-term equity investor should probably be thinking about something on the order of 7or 8 percent a year rather than the double-digit level." There will still be buys, Nygrem says, but investors will need to go against the herd -- and be selective amongst names like the Magnificent Seven stocks -- in order to find them. John Cole Scott, pre...
Polaris' Horn: The end of 'free money' favors value investing for the future
February 22, 2024 14:09 - 1 hour - 57.1 MBBernie Horn, long-time manager of Polaris Global Value, says that value stocks have outperformed growth stocks outside of the United States for several years and he expects the domestic markets to follow suit as central banks keep interest rates higher, creating positive real returns for fixed income and ending some of the bubbles caused in equity sectors caused by years of borrowings at interest rates near zero. While he expects the change to be global, Horn notes that he favors internation...
MRB's Colmar: Bank on 'higher for longer' interest rates
February 21, 2024 14:53 - 1 hour - 59.9 MBPhillip Colmar, global strategist at MRB Partners, says that the Federal Reserve is not going to give the market the five or more interest rate cuts it has been expecting. As a result, he suggests banking on bond yields that will stay higher for longer, even if the central bank gives a token cut or two; on stocks, he expects a better growth picture without a recession or a big correction, but because valuations are high he is looking to securities with earnings power, so he is thinking mega-...
T. Rowe Price's Giroux: Avoid international, hold the Mag 7, buy utilities
February 20, 2024 13:54 - 59 minutes - 54.6 MBDavid Giroux, manager of T. Rowe Price Capital Appreciation -- a fund that has beaten the performance of its average peer for a record 16 straight calendar years -- says that while U.S. stock valuations have gotten lofty, investors "don't need to diversify into a worse geography," and says investors can get international exposure by buying U.S. multi-nationals and have better companies. Domestically, Giroux says that the mega-cap Magnificent Seven stocks have gotten expensive but they are st...
Hancock's Miskin on playing the mixed signals in the US, Europe and in bonds
February 16, 2024 14:23 - 1 hour - 57 MBMatt Miskin, co-chief investment strategist at John Hancock Investment Management, says that several European nations are in recession while their stock markets are pushing through record highs, in conditions so unusual that U.S. activities are helping foreign multinationals keep rolling. Still, Miskin believes the U.S. is the best market, though he is now skewing the portfolio toward mid-cap names, pulling back slightly on the mega-cap giants over valuation concerns and leaning into bonds ...
Forget the Fed, fiscal policy may be more important than monetary moving forward
February 15, 2024 14:41 - 1 hour - 55.9 MBRick Pitcairn, chief global strategist at Pitcairn, says that while the markets have been dominated by monetary policy for the last decade or more, the next 20 years will see fiscal policy will be equally or more important because of how the government borrows money and what it needs to take on in new debts to keep rolling. Pitcairn acknowledges that the current dysfunction in Washington worries him about how policies will be set and the potential fallout from gridlock. In the Market Call, D...
Evergreen Gavekal's Hay: Goldilocks is not coming, but trouble is'
February 14, 2024 13:50 - 57 minutes - 52.8 MBDavid Hay, co-chief investment officer at Evergreen Gavekal -- author of the Haymaker newsletter focused on macroeconomic research -- says that 'Pseudo prosperity is still prosperity,' and investors should like whatever they are getting from the economy now because he does not think it will last. Hay says the market "is almost all-in on Goldilocks," which will "make it hard to make money betting on the soft landing." Christopher Zook, president of CAZ Investments -- co-author of Tony Robbin...
StockCharts' de Kempenaer: 'The stock market is crashing higher'
February 13, 2024 13:35 - 1 hour - 55.6 MBJulius de Kempenaer, senior technical analyst at StockCharts, says that the stock market is "crashing higher," having reached record levels with no signs of stopping but that doesn't mean he's buying now because he finds it over-stretched. De Kempenaer sees the market going through rotation right now, with money flowing from value into growth right now helping to push things higher. Lester Jones, chief economist for the National Beer Wholesalers Association returns to the show to discuss the...
Commonwealth's McMillan: The other 493 S&P stocks are reasonably valued
February 12, 2024 13:46 - 1 hour - 55.6 MBBrad McMillan, chief investment officer for Commonwealth Financial Network, says that while market valuations are high right now on a historic basis -- which might make investors cautious -- the sky-high prices for the Magnificent Seven stocks that have been leading the market to record levels have left room for the other stocks in the index to be particularly reasonable. That means the market's overall valuation is more reasonable than headlines suggest, and there is room to grow in other s...
Shelton's Rosenkranz: The market underestimates the chance of a hard landing
February 09, 2024 13:11 - 1 hour - 56.1 MBJeff Rosenkranz, fixed income portfolio manager at Shelton Capital Management, says that if the Federal Reserve waits too long to cut rates or if systemic problems resurface -- including potential troubles with bank safety -- the economy could be due for more trouble than most observers expect. Rosenkranz expects to see a significant increase in credit troubles and defaults, noting that the classic default cycle that accompanies rate hikes hasn't really occurred yet, but that it's unlikely ...
Chapin Hill's Boyle says the market has gotten ahead of itself
February 08, 2024 14:28 - 1 hour - 58.3 MBKathy Boyle, president of Chapin Hill Advisors, is worried that with 'all of Wall Street being bullish again," overblown earnings expectations, strong employment and the more getting the Federal Reserve to where it will wait longer before cutting rates, the stock market has gotten a bit overblown. As a result, she thinks there's a good chance of a short-term correction, potentially down to the 4,400 level on the Standard & Poor's 500, though she does think there's a good chance the market co...
Picking advisers, investments and the winning Super Bowl indicator
February 07, 2024 15:25 - 1 hour - 58.4 MBToday, Money Life debuts its latest feature, The Financial Crunch with Money Pickle, a fin-tech company that is changing the financial world by making affordable and convenient financial coaching available to investors. Brent Thurman, Money Pickle's chief executive, discusses finding a financial adviser and how investors have it so much better now that technology can make the process smooth and easy. Kelley Wright, editor at Investment Quality Trends, returns to the show for the first time s...
Economist Thorne sees a growth shock ahead, 'but the U.S. will be fine'
February 06, 2024 14:31 - 59 minutes - 54.5 MBJim Thorne, economist/chief market strategist at Wellington-Altus Private Wealth, says that "The Fed is the Fed of the world," and that how central bankers act in the United States act will determine the economic prospects of the rest of the world, and he worries that as the Federal Reserve tightens, it could over-tighten and create economic issues. He expects a growth shock, but says the U.S. will get through it and remain the best market to invest in around the globe. Michele Schneider, ch...
Global X's Palandrani looks at the power in lithium and copper stocks
February 05, 2024 13:41 - 59 minutes - 54.4 MBPedro Palandrani, head of research at Global X, says that the continued evolution of the electric vehicle market will make it so that lithium and copper companies are the next equivalent of the Big Oil stocks, but he worries that the industries are among the most sensitive globally to geopolitical risk, which he says investors should factor into their allocation decisions. In honor of the upcoming Valentine's Day holiday, David Trainer, founder and president at New Constructs foregoes the Da...
Macro Tides' Welsh: '17-year cycle' calls for a peak, a correction, then a long downturn
February 02, 2024 15:21 - 1 hour - 56.7 MBJim Welsh, author of "Macro Tides" and the "Weekly Technical Review" newsletters says that if the market can rally past recent highes -- with the Standard & Poor's 500 topping 4931 -- it will finish the market's recent rally and leave stocks vulnerable to a small correction over the next few months. That said, Welsh believes in a 17-year cycle that his charts show dates back nearly 100 years, and that cycle is cooking up a coming secular bear market that ultimately could last for a decade an...
VettaFi's Rosenbluth: These market conditions call for equal-weight plays
February 01, 2024 13:46 - 1 hour - 55.8 MBTodd Rosenbluth, head of research at VettaFi, says investors should be looking at an equal-weighted approach to the market -- allowing all winners to have a chance to succeed -- despite the strong 2023 put up by the Standard & Poor's 500, a market-cap weighted index whose results were dominated by the so-called Magnificent Seven stocks. Rosenbluth made the Invesco S&P 500 Equal-Weight Technology ETF his ETF of the Week, noting that while the tech sector is a big part of most asset allocation...
IFA's Hebner: The Magnificent Seven won't lead the index for much longer
January 31, 2024 16:01 - 1 hour - 57 MBMark Hebner, chief executive officer at Index Fund Advisors, says that the dominant action of the so-called Magnificent Seven stocks is nothing new, and that the market has long shown a propensity for companies to have oversized performance as their shares moved into the top 10 of an index, only to then regress toward the mean. It's not just why he thinks the Magnificent Seven will cool off in the not-too-distant future, but it reinforces investors using index funds to ride out the market ra...
PineBridge's Kelly: Yes, this is that rare soft landing
January 30, 2024 15:25 - 1 hour - 56.2 MBMichael Kelly, global head of multi-asset at PineBridge Investments, says that the Federal Reserve seems to have pulled off the rare soft landing, and that portends good things ahead because previous soft landings -- in 1964, 1984 and 1994 -- the markets mostly rewarded investors who invested "as if it was late cycle," where growth funds tend to lead the way. Kelly does think the market has gotten a bit ahead of itself, but still thinks the year should be positive; he also notes that investo...
Zacks' Mian: 'It's a steady-as-you-go earnings environment'
January 29, 2024 13:59 - 58 minutes - 54 MBSheraz Mian, director of research at Zacks Investment Research -- which focuses on earnings results for much of its forecasting -- says that with about one quarter of companies having now reported earnings results for 2023, the numbers look like "more of the same, more of the good stuff." He doesn't expect growth to be impressive this year, but there's also not much negative guidance or gloomy outlooks from companies, and he expects that mixed but largely benign environment to last through t...
CS McKee's Allen expects 4 Fed cuts and 'marginally positive' stock market
January 26, 2024 15:05 - 59 minutes - 55 MBBrian Allen, chief investment officer at CS McKee, says "The market has done a lot of the easing work to launch the easing campaign in 2024," meaning that the Federal Reserve will not feel much pressure to cut rates more than four times this year. He says there's no pressure for more due to the bond market rallying over the last few months while the stock market was moving to all-time highs; that also raised valuations to where investors should lower their return expectations for both stock...
First Franklin's Ewing sees small caps taking the lead in '24
January 25, 2024 13:34 - 1 hour - 56.4 MBBrett Ewing, chief market strategist at First Franklin Financial Services, says that while he expects large-cap stocks -- led by the Magnificent Seven names -- to have a positive year that could potentially see returns in the 8 to 9 percent range, the market has set up for smaller companies to really pay off. He says that small-and mid-cap stocks are trading at reasonable levels, giving them the potential to gain 15 to 25 percent in 2024. Meanwhile, Todd Rosenbluth is looking to stick with l...