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
MFS' Weisman: The sooner the recession comes, the better
July 21, 2022 13:52 - 58 minutes - 53.5 MBErik Weisman, chief economist at MFS Investments, says the macro environment is headed lower and weaker and will take the stock market with it, and while he does not expect this to lead to "a horrible outcome," but with the Federal Reserve likely to raise interest rates above ts comfort level in order to combat inflation, he has little doubt that a recession is coming. Weisman expects current challenges to last into 2023, but he is hopeful that the recession will come quickly to help it pass...
Franklin Templeton's Dover on why this market has experts arguing
July 20, 2022 11:51 - 58 minutes - 54.2 MBSteven Dover, chief market strategist at Franklin Templeton -- head of the Franklin Templeton Investment Institute -- says that the current stock market and economic situation is not going to play out exactly like some scenario from the past, so that experts are wasting their time harkening back to the 1970s or any other period to draw their forecasts. While many experts will say there's a mild recession in the offing, Dover says that anyone making that prediction needs to consider that ther...
MarketGauge's Schneider: Market is stuck in a range, but could break down from here
July 19, 2022 13:07 - 59 minutes - 54.5 MBMichele Schneider, director of trading education at MarketGauge.com, says she has limited exposure to the stock market right now because technical analysis shows the market as being "stuck in a range," that she thinks is likely to end with a downward move, which could last until inflation problems are resolved. Schneider says the dollar could be peaking right now, which could create a prolonged boost for precious metals, "which we think haven't really woken up right now." Also on the show, M...
SSGA's Milling-Stanley: The Fed will push the economy into recession if it must
July 18, 2022 14:15 - 59 minutes - 54.9 MBGeorge Milling-Stanley, chief gold strategist at State Street Global Advisors, says that the Federal Reserve's signals that it will do whatever it takes to get inflation under control has created conditions in which all markets -- stocks, bonds, commodities and more -- suffer. While Milling-Stanley doesn't think the Fed wants to create a recession, but he says it will take that step if that's what's needed to "knock out any sense that inflationary expectations have become embedded" in the ec...
Barry Ritholtz: 'The less you do in times of distress, volatility, the better off you are'
July 15, 2022 13:48 - 59 minutes - 54.7 MBBarry Ritholtz, chairman and chief investment officer at Ritholtz Wealth Management, says that the best way to manage volatility is to "Stop looking at the week-to-week, month-to-month numbers and you focus on five-, 10 and 20-year returns because, really, if you're an investor, that's what you re putting your money away for." Ritholtz says that some of the market's current meltdown is "just mean reversion," with the stock market giving back the above-average returns it had during the bull m...
RSM's Brusuelas: 'The Fed's got a lot of heavy lifting to do' to ease inflation by 2025
July 14, 2022 13:21 - 58 minutes - 54.2 MBJoseph Brusuelas, chief economist at RSM, says while supply-chain induced inflation will ease up, housing inflation will require much more action on the part of policy-makers and he thinks it will be 2024 or '25 before home inflation stabilizes to something close to the Federal Reserve's targets. Brusuelas says there's "a 45 percent probability of a recession in the next 12 months," and he expects the market to move sideways until the Fed looks like it has resolved the inflation problem. In...
Tilson is concerned that Tether, the world's largest stablecoin, is a "fraud" and running out of money.
July 13, 2022 12:08 - 1 hour - 56.1 MBWhitney Tilson, chief executive officer at Empire Financial Research, says he's concerned that Tether, the world's largest stablecoin, is a "fraud" and running out of money. He worries that if Tether crashes "the entire crypto sector goes with it ... and you don't want to invest in a sector where there's a 50-50 chance you'll lose half your money in a matter of days." Tilson talks extensively about what he does trust and is buying in current market conditions, noting that he is maintaining a...
Despite rate hikes, economy is strong enough to avoid recession
July 12, 2022 13:06 - 1 hour - 55.2 MBMolly Schwartz, a portfolio manager on the U.S. Broad Market team at Western Asset Management, says a recession can be avoided for the rest of the year if the Federal Reserve "takes a more measured approach" and sticks to it. Even if there is a recession, Schwartz said what matters is how people feel it, and they're not likely to feel much pain while the job market is still growing and workers are getting raises, and more. Also on the show, Chuck answers audience-member questions about what'...
Bear Trap Reports founder says inflation will stick around for three years
July 11, 2022 13:00 - 59 minutes - 54.9 MBMarket strategist Lawrence McDonald, creator of The Bear Traps Report, says that the Federal Reserve is not "going to get rid of inflation with six months of rate hikes," which is a big reason why he is calling for market doldrums that amount to several years of mostly sideways. While not anticipating a big crash, McDonald says that investors should avoid the Standard & Poor's 500 and Nasdaq Composite indexes -- which he says have been destroyed of late -- and instead pursue emerging markets...
Schwab's Sonders: Near-term risk is in re-setting earnings expectations
July 08, 2022 13:41 - 59 minutes - 54.7 MBLiz Ann Sonders, chief investment strategist at Charles Schwab & Co., says that the next step the stock market must take to begin a recovery involves adjusting earnings expectations, noting that several years of record earnings "set the bar too high," and now investors must adjust to lower, more realistic gains. Yes, she notes, valuations have dropped due to the bear market, pricing "a heck of a lot of negativity into the market," but it's now time for 'the E to come under pressure.' Sonders...
CUNA Mutual's Rick 'not expecting a full-blown recession' this year or in '23
July 07, 2022 13:00 - 57 minutes - 52.9 MBSteve Rick, chief economist at CUNA Mutual Group says that while economic growth has slowed -- causing what might be considered a "growth recession" -- the economy itself should be able to avoid a full-blown recession, as inflation eases and consumers and investors realize "they kind of overreacted a bit" to current conditions. But there's also a second Big Interview with a guy named Steve on this show, as Steve Sosnick, chief market strategist at Interactive Brokers says that the market mus...
CFRA's Stovall: More pain ahead, but the recovery starts in December
July 06, 2022 12:03 - 1 hour - 55.6 MBSam Stovall, chief market strategist for CFRA Research, says that there's more pain ahead for the stock market, but that the end of the year is likely to see a bounce-back that serves as the start of a recovery. Stovall expects the Standard & Poor's 500 to hit roughly 3,200 -- which would be a 33 percent decline, and an average bear market -- before the turnaround starts around the December holidays. Thus, he says, the market will end up down for the year, but positioned for 2023 to be a big...
Paula Pant talks how you can still 'Afford Anything,' despite inflation
July 05, 2022 13:17 - 1 hour - 56 MBPaula Pant, host of the Afford Anything podcast says that high inflation certainly impacts consumers emotions and feelings about money but it hasn't had much impact on their ability to achieve their financial goals, noting that people can still 'afford anything, but not everything,' with some stepped up planning to help deal with higher prices. Also on the show, journalism professor Chris Roush discusses his new book, "The Future of Business Journalism: Why It Matters for Wall Street and Mai...
Lousy first half of '22 is no predictor of what's next
July 01, 2022 13:24 - 59 minutes - 54.3 MBWith the stock market off to its worst first-half start to a year since 1962, Anu Ganti, senior director of index investment strategy at S&P Global, points to her firm's analysis showing that there is "no correlation between first half of the year performance and second half of the year performance." That doesn't mean that a rally is in the offing -- with 10 of 11 sectors and roughly 90 percent of the S&P 500 stocks down this year -- but it means one is possible. That sentiment also was clea...
Wells Fargo's Cronk: 'Toughest first half of a year' won't get easier overnight
June 30, 2022 13:17 - 59 minutes - 55.1 MBDarrell Cronk, chief investment officer for Wells Fargo Wealth and Investment Management, says that investors have endured the toughest start to a year for stocks and bonds in decades, but the mounting troubles should culminate in a recession in the second half of the year, with the downturn going deeper before a real recovery occurs. Cronk says that he thinks if the Standard & Poor's 500 were to hit 3,300, valuations will be so compelling that he will be "pounding the table" to get clients ...
Bankrate's McBride: Inflation sparked 'a complete reversal' in savings comfort levels
June 29, 2022 13:41 - 59 minutes - 54.8 MBGreg McBride, chief financial analyst at Bankrate.com, says that even though consumers are largely in better position than they were just a few years ago, they're not feeling it now as credit-card debt has been rising and savings levels shrinking in the face of inflation. As a result, the percentage of Americans saying they are uncomfortable financially has skyrocketed, with inflation as the cause because it doesn't just erode savings but it grates on confidence. Also on the show, David Elef...
Fundstrat's Newton: Trouble is baked in to prices, so expect a rally by September
June 28, 2022 13:54 - 59 minutes - 54.7 MBMark Newton, global head of technical strategy, Fundstrat Global Advisors, says that a healthy consumer and a market that has solid economic footing should lead to "a recession with a small R and not a capital R." Newtons says his models show a market bottoming out in July before turning significantly higher in September, thanks largely to higher interest rates already being baked into the market's expectations. Newton says that the bear market has been in process for months, even if it was...
Riverwater's Peck says market woes are creating attractive buys
June 27, 2022 14:25 - 58 minutes - 54 MBAdam Peck, co-founder of Riverwater Partners, says it's a buyer's market right now, especially in the small-cap space with stock prices having fallen to where there are more compelling values and real long-term opportunities. At the same time, he says in the Market Call interview that those conditions put a premium on sifting through the many potential buys to hone in on the right ones. Also on the show, Jim Cullen, founder of Schaefer Cullen Capital Management makes "The Case for Long-Term ...
'This is where millionaires are made, in these kind of markets'
June 24, 2022 14:18 - 59 minutes - 54.7 MBJeffrey Bierman, chief market technician for TheoTrade and founder of TheQuantGuy.com, says that “much of the dirty work is behind us,” with the market now reaching a point “where the values are the most compelling I have seen in 25 years.” Bierman last appeared on Money Life in December of 2021, and was extremely cautious, expecting the market to hit a low of between 3,600 and 3,800 on the Standard & Poor’s 500 within six months. Bierman's model projects the S&P to drop to the 3,300-3,400 ...
'We're probably closer to the end than the beginning of this mess'
June 23, 2022 13:34 - 1 hour - 56.1 MBJack Janasiewicz, portfolio strategist for Natixis Investment Managers, says that the market's drawdown and valuations have performed in line with expectations for a typical recession, and while the third key component of a slowdown -- a big decline in earnings -- hasn't happened yet, he says the market is closer to having fully discounted current events, meaning that "We are closer to the end" of the downturn than the beginning. Also on the show, Tom Lydon, vice chairman at VettaFi, makes ...
IMA's Katsenelson: Don't let the bear market shrink your time horizon
June 22, 2022 13:22 - 59 minutes - 55.1 MBNoted value investor Vitaliy Katsenelson, chief investment officer of Investment Management Associates -- who was on Tuesday's show discussing his new book, “Soul in the Game: The Art of a Meaningful Life” -- returns to the show for a discussion of current market conditions and notes that investors in bull markets see their time horizons lengthen, but that time becomes shorter when investors are facing a downturn and see their assets shrinking. He warns against allowing the current market tr...
Epsilon Theory's Hunt: 'It's going to be really tough in the casino that's Wall Street'
June 21, 2022 13:22 - 59 minutes - 54.9 MBBen Hunt, chief investment officer at Second Foundation Partners and the publisher of Epsilon Theory, says investors need to reduce their debts and balance sheet and to "reconnect with the real economy wherever you can" in order to ride out the coming storm that he sees playing out while the stock market digests interest-rate hikes and measures designed to curtail inflation. While Hunt says he is rooting for the scenario where there's a quick recovery after "a nasty recession," he says inves...
'Godfather of Technical Analysis' says the market bottom is in sight
June 17, 2022 14:27 - 59 minutes - 54.3 MBVeteran market observer Ralph Acampora, who helped develop market analytics and who is recognized as a pioneer in technical analysis, says the stock market had been setting up major tops for a while, with the charts implying that the downturn would be roughly 30 percent from top to bottom. With that in mind, Acampora foresees "at least another 10, 12, 15 percent for the Dow and the S&P 500 on the down side," before any real recovery can start. Also on the show, Larry Holzenthaler, investmen...
ATAC's Gayed: The Fed didn't go far enough, so troubles will persist
June 16, 2022 11:25 - 59 minutes - 54.5 MBMichael Gayed, portfolio manager for the tactically managed ATAC Funds says the Federal Reserve should have raised rates even more than it did Wednesday -- when the central bank made its biggest rate hike in almost 30 years -- because market and economic pain is inevitable and could be long-lasting, but there is growth potential once the market passes the troubles and starts a new recovery. This show also features Tom Lydon, vice chairman at VettaFi.com, making a brand new fund his ETF of th...
G Squared's Greene: Look at large value, ignore diversification
June 15, 2022 13:26 - 59 minutes - 54.8 MBVictoria Greene, chief investment officer at G Squared Private Wealth, says that investors should look at where they can be best off given current global economic conditions, and says that will bring investors to large-cap domestic value stocks, and she notes that investors may not want to pursue broad diversification because the strategy tends to struggle during times of stress. "It only works when the market is working," she says, "and right now the market isn't working." She expects a rec...
Chartpattern's Zanger: The market could get cut in half here
June 14, 2022 13:17 - 59 minutes - 54.6 MBDan Zanger, founder of Chartpattern.com, says "The 1970s are here again," bringing the dangers of persistent inflation back into play, creating long-term financial pain and putting the stock market in jeopardy of falling "50 to 65 percent before this is over." Zanger expects a protracted downturn, with no quick snap-back because the Federal Reserve can't prime the pump by lowering interest rates. "The sooner you get out and stay in cash," he says, "the better off you are going to be." Also o...
Crossmark's Fernandez: Buy on dips to position for recession in late '23
June 13, 2022 15:11 - 58 minutes - 53.9 MBVictoria Fernandez, chief market strategist at Crossmark Global Investments, says that a recession is coming, but it's not imminent due to the economy's underlying strengths, including active consumers, corporate balance sheets and the labor market. While waiting for a recession to arrive late next year, Fernandez says investors should be taking advantage of down days in the market to buy up names that are on sale and better balance a portfolio to get through trouble. Also on the show, Ed Sl...
Boston Partners' Mullaney: Recession is coming, but not til '23
June 10, 2022 13:45 - 58 minutes - 53.7 MBMichael Mullaney, director of global markets research at Boston Partners says that consumer demand should support the economy for the remainder of 2022 "without significant dire consequences," but he notes that 2023 is "another whole can of worms" and the Federal Reserve's plans to squash inflation is likely to have side effects that create a recession in 2023. Mullaney talks about the market's fundamental and technical sides, identifies segments and sectors he expects to lead and lag, and m...
After horrible start to '22, bonds are a different opportunity now
June 09, 2022 13:34 - 59 minutes - 54.3 MBCatherine Stienstra, head of municipal bond investments at Columbia Threadneedle Investments, says that the sharp sell-off that set bonds off to a bad start to the year -- and scared many investors out of the bond space -- has reached a pivot point, so that investors are now looking at "a rare opportunity" to get back in with higher yields and attractive valuations. Also on the show, Tom Lydon, vice chairman at VettaFi, makes a play on the dollar recently hitting a two-decade high against gl...
Economist Gruenwald: Despite current headlines, 'We're not in a bad spot'
June 08, 2022 19:10 - 1 hour - 55.3 MBPaul Gruenwald, chief economist for S&P Global Ratings, says that despite the gloom being caused by high inflation, war and more, "If you step back, we're not in a terrible place." He notes that if inflation can be controlled and the labor market stays at current levels of full employment, that should lead to a good outcome once tensions ease. Gruenwald says that a big market decline, recession or proverbial day of reckoning is not a foregone conclusion; if the economy can be guided to a path...
Yes, a recession is coming, but 'garden-variety' and short
June 07, 2022 13:38 - 59 minutes - 55.1 MBJeanette Garretty says there is a very real risk of recession in the next nine months, but she sees no reason to expect anything worse than a "garden-variety, U.S. economic recession, with a couple of quarters negative and then a fairly quick rebound in economic activity with the markets leading" that recovery. Garretty notes that there are risks that could exacerbate problems and make a downturn more severe, but she sees inflation pressures easing significantly come early 2023 and recovery ...
Axel Merk: 'The best-case scenario' is not the economy's likely outcome
June 06, 2022 13:47 - 58 minutes - 54.2 MBAxel Merk, president and chief investment officer at Merk Funds and Merk Investments, says investors need to be cautious about accepting current market risks and keep an eye on their sleep factor "because whatever [investment] thesis you have, it will be tested." Merk notes that he is hesitant facing today's economic conditions because there are still a lot of possible outcomes based on anticipated action from the Federal Reserve and the stock market's response to the news. Also on the show,...
Needham's Martin: Streaming companies will keep struggling as they evolve
June 03, 2022 14:38 - 1 hour - 55.5 MBLaura Martin, equity analyst at Needham & Co., says that streaming technology companies saw their maturation curve speed up during the pandemic, with the fallout being current pricing pressures as consumers wise up to the various pricing models that best meet their needs. She also discusses ad-tech and big-tech stocks and U.S.-China trade tensions in a wide-ranging Big Interview. Also on the show, Max Wasserman, senior portfolio manager at Miramar Capital talks about how investors should dea...
Harry Dent: Recession has started, massive market sell-off is coming
June 02, 2022 13:49 - 1 hour - 56.3 MBNoted market bear Harry Dent -- who called for a 50 percent market crash when he was last on the show in late May of 2021 -- says that efforts made to prolong the bull market have exacerbated the trouble that the financial world must now slog through "the crash of our lifetimes." He's calling for a recession and a massive market downturn -- saying the Standard & Poor's 500 is due to fall roughly 85 percent from its peak before it's done -- that has only just begun. Dent foresees a long marke...
Ally's Bell: Amid market turmoil, there's a shift toward passive investing
June 01, 2022 13:58 - 1 hour - 56.3 MBLindsey Bell, chief markets and money strategist at Ally Invest, says that investors are engaging in a proverbial flight to quality by moving from the individual stocks and the security picking that fueled their interest in the market during the rebound from Covid to buying indexes and holding the market despite broader declines happening now. It's not the traditional way that investors seek safety, but Bell says that new investors are taking different paths as they get more involved in the ...
Vanguard's Patterson: Growth's slow return should stave off a recession
May 31, 2022 17:56 - 59 minutes - 54.7 MBAndrew Patterson, senior international economist at The Vanguard Group, says that recession "is not our base case right now," because economic growth is coming in at reasonable levels, even if it is taking longer than the Federal Reserve was hoping for to achieve that healthier level of activity. Patterson thinks GDP growth can be back to its long-term trend levels by the end of the year. Kathryn Kaminski, chief research strategist at AlphaSimplex Group, talks about alternative investing and...
John Hancock's Roland expects 'a nice rally' in fixed income through '22
May 27, 2022 13:50 - 59 minutes - 54.5 MBEmily Roland, co-chief investment strategist at John Hancock Investment Management, says the bond market is pricing in 11 quarter-point rate hikes from the Federal Reserve this year, and with three in the books through May, she believes the Fed will step back from its plan and that rates will not move up as much as anticipated. As a result, she is expecting a bond rally that will help fixed-income play its traditional role as a volatility damper in portfolios. Roland says the economy looks ...
For the first time in a decade, 'fixed income is back in play'
May 26, 2022 12:44 - 1 hour - 56.3 MBRon Sanchez, chief investment officer at Fiduciary Trust Company International, says that while the stock market will remain particularly challenging as it waits to see how successful the Federal Reserve will be in helping to curb inflation and keeping the economic pump primed, the bond market has seen yields rise to levels that are attractive right now despite the higher inflation rates. Sanchez expects the market to improve later this year, but to remain choppy throughout. Also on the show...
Sierra's Loeffler: 'We want to be invested' but there's no strength to the market
May 25, 2022 13:25 - 1 hour - 55.4 MBDoug Loeffler, executive vice president of investment management at Sierra Investment Management, says his firm is mostly in cash right now because current conditions look like a "very sustained equity drawdown," and while he expects to see the market rally later in the year, he says this is a time for investors to take what the market is going to give them, rather than "trying to tell the market what to do." He's part of a wide-ranging show that also features Kathy Chu, correspondent for Tr...
Technicals show potential rally before bigger market troubles
May 24, 2022 14:11 - 1 hour - 55.8 MBIn two different interviews today, experts see a market capable of rallying but not necessarily able to hold off a longer-term bearish trend. Market-timer Heeten Doshi, portfolio manager at Doshi Capital Management, says that we're seeing "a day trader's market" -- high on volatility, low on direction and conviction from buyers -- that is poised for "a big bounce" or a bear-market rally because it has been oversold recently. Likewise, Avi Gilburt of ElliottWave Trader sees a rally that coul...
Nervous investors, troubled popular stocks, lessons from Morningstar and more
May 23, 2022 13:05 - 58 minutes - 54.3 MBGreg McBride, chief analyst for BankRate.com, says that while the site's latest survey shows that few Americans are boosting their stock holdings right now, a majority is still as committed to buying stocks as they were a year ago, with more than half of U.S. investors saying they purposely had made no moves in response to current market volatility. In The Big Interview, Ken McAtamney, who runs the William Blair Global Leaders fund, discusses where there are leading companies -- now often tr...
Causeway's Ketterer: 'This could be at time for housekeeping'
May 20, 2022 14:28 - 56 minutes - 52.3 MBIn a bonus interview from Money Life at Morningstar, Sarah Ketterer -- chief executive officer at Causeway Capital Management -- warns investors against turning paper losses into real ones, sticking with what has been working or what still has the potential to pan out that an investor saw when they made their purchase, though she acknowledges that playing with a portfolio on the margins and making moderate changes can help weather the storm and take advantage of the inevitable rebound. After...
Investors are entering the market's 'most interesting, terrifying exciting period'
May 19, 2022 15:25 - 1 hour - 73.1 MBDavid Snowball, founder of MutualFundObserver.com, says that the current market conditions are challenging investors to make sure they have a handle on what they own and why they own it, because they can't depend on the Federal Reserve to manage a soft landing to current economic challenges. It's one of many highlights as Money Life wraps up its coverage from the Morningstar Investment Conference with more pushback to T. Rowe Price manager David Giroux's Day One comments about the perils and...
Chautauqua's Lubchenco: Foreign stocks poised to carry the next market cycle
May 18, 2022 14:22 - 1 hour - 73.6 MBMoney Life is back for Day 2 from the Morningstar Investment Conference, and the action heats up with more interviews covering wider grounds. A day after T. Rowe Price star manager David Giroux said there's no reason for investors to invest internationally, Chautauqua Capital's David Lubchenco will come back with a counter-attack, talking about how and why foreign stocks are poised to outperform domestics in the next market cycle. Also on the show, Christine Benz of Morningstar on how curren...
T. Rowe Price's Giroux: You don't need international stocks
May 17, 2022 12:59 - 1 hour - 65.2 MBMoney Life travels to the Morningstar Investment Conference in Chicago, where David Giroux, portfolio manager for T. Rowe Price Capital Appreciation, kicks things off by saying that most investors have no good reason to buy international stocks, noting that they can instead purchase U.S. multi-nationals, and pointing out that the recent market downturn has made many of those companies significantly more attractive now than they have been in years. The rest of today's lineup from the conferen...
Buffalo's Dlugosch: Earnings, more than rates, inflation, will set high-yield's path
May 16, 2022 11:00 - 58 minutes - 53.8 MBPaul Dlugosch, portfolio manager for the Buffalo High-Yield, says that the high-inflation and rising-rate environment has been mostly priced in to the high-yield bond market, which will make the quality and strength of corporate earnings the big determinant of whether the junk-bond market can recover or if it will face troubles that linger to 2023 and beyond. Also on the show, David Trainer of New Constructs fills the Danger Zone with mutual funds that get good star ratings from research fir...
Martin Pring: Today's bear market could last another year or more
May 13, 2022 13:21 - 59 minutes - 54.9 MBVeteran technical analyst Martin Pring of Pring Research says the market is showing signs that the current bear market could be part of a larger, secular bear market. If indeed those long-term trends are bad -- so that the current downturn is part of a larger downtrend rather than a blip in the long-running bull market -- Pring says the current downturn will stick around for 12 to 18 months. Pring also notes that he believes the Bitcoin bubble has popped, though he's not expecting any kind o...
ETFTrends' Lydon: Your portfolio should be dealing with entrenched inflation
May 12, 2022 13:26 - 58 minutes - 53.5 MBTom Lydon, chief executive at ETFTrends.com, says that with inflation entrenched in the economy right now and not looking like it will go away for several years, investors need to take steps to deal with the impact that global-supply chain issues and more are having on their investment holdings. To that end, he made the VanEck Inflation Allocation fund his "ETF of the Week," noting that the real-asset strategy will diversify a portfolio by going beyond just using gold as an inflation hedge, ...
Invesco's Levitt: 'The process is playing out,' but recovery won't be overnight
May 11, 2022 12:17 - 58 minutes - 54.1 MBBrian Levitt, global market strategist for Invesco says that there is some good news in the market -- with signs that the bond market is expecting inflation to slow and ease and other indicators showing promise -- but everyone should be watching the impact of Federal Reserve interest-rate hikes to see how long the current doldrums drag on. Levitt noted that less than 25 percent of companies on the New York Stock Exchange are trading above their 200-day moving average, and that the market typ...
IAA's Zaccarelli: In these times, 'buy-and-hold passive is not a great strategy'
May 10, 2022 13:51 - 59 minutes - 55 MBChris Zaccarelli, chief investment officer for the Independent Advisor Alliance;, says that the current economic situation is different from the Covid meltdown or other recent difficult times because "This time, the Fed doesn't have your back." As a result, investors should not expect a V-bottom to the downturn and a quick bounceback, and investors should be making marginal changes to their portfolios, playing defense and not relying on a rising tide to raise up indexes in the short- and int...