Money Life with Chuck Jaffe
1,656 episodes - English - Latest episode: 2 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.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
A capital-spending boom will carry global markets for years
July 22, 2021 12:53 - 59 minutes - 54.9 MBKen McAtamney, manager of the William Blair International Leaders Fund, says that an 'underinvestment in [capital expenditures] around the world' has created a void that is now being filled around the world. He noted that beyond physical infrastructure in the United States and Europe, there will be expansive spending on data and digital infrastructure around the globe that will carry the recovery into the next few years. McAtamney is positive on developed Europe and emerging markets -- and s...
TD Ameritrade's Linahan: 'Get used to seeing days like this'
July 21, 2021 12:49 - 58 minutes - 54.2 MBStock market volatility is up as the markets try to sort out whether inflationary increases are permanent and when the Federal Reserve will decide it's time to raise interest rates, and that backdrop -- coupled with renewed fears of how Covid-19 could impact the business world -- should make volatility the norm for at least the remainder of the year, according to JJ Kinahan, chief market strategist for TD Ameritrade. Kinahan says the market 'is telling us that you shouldn't be expecting infl...
Leuthold's Paulsen says fundamentals are pushing for a rally
July 20, 2021 12:51 - 58 minutes - 54.3 MBJim Paulsen, chief investment strategist for Leuthold Weeden Capital Management, says that inflation is the big risk facing the market, but he downplays the potential for inflation to last once supply-chain issues and demand levels normalize post-pandemic. Meanwhile, he makes the case that the stock market could rise from now through the end of the year and still enter 2022 relatively cheap, with the Standard and Poor's 500 trading at less than 20 times earnings, a level which would keep th...
AAM's Colyer: 'Don't fight the Fed' now means 'Let it ride'
July 19, 2021 13:31 - 1 hour - 55.6 MBScott Colyer, chief executive officer at Advisors Asset Management, says that for all the talk that the Federal Reserve has started talking about hiking interest rates, he doesn't see it happening until 2022 or beyond, and that means that investors don't have to change strategies now to stay in line with the central; bank. He expects returns for the rest of the year to loosely resemble what happened during the first six months, an upward grind made on the back of increasing worries. Also on ...
AGF's Valliere: 'The market isn't fearful of a breakout of inflation or rates'
July 16, 2021 12:59 - 59 minutes - 54.3 MBGreg Valliere, chief U.S. policy strategist at AGF Investments, says that the Federal Reserve wants the economy to run hot and is likely to let things keep rolling longer before raising rates to potentially put the brakes on. That, he says, will be well down the line, as he expects a good economy -- though not necessarily great -- for the next few quarters. He notes that a key factor will be monetary policy, but he notes that the current yield on Treasuries is a sign that the market is not f...
NW Mutual's Schutte: This market's not ready for recession
July 15, 2021 13:30 - 58 minutes - 54.2 MBBrent Schutte, chief investment strategist for Northwestern Mutual Wealth Management, says that while worries about rising inflation and interest rates have some market observers talking about the potential for recession, he believes they're ahead of the economy right now. Schutte says the economic cycle still has room to roll -- and that the market will pick up as fears of long-term inflation in the coming few quarters. The remainder of the show has a distinct focus on income, and ways to ...
RiverTwice's Karabell: 'Were still living in a deflationary world'
July 14, 2021 13:30 - 58 minutes - 54 MBZachary Karabell, president of River Twice Capital, says that short-term bottlenecks and supply-chain issues are not systemic inflation, and while he foresees inflationary spikes, he does not believe that long-term upward price pressure is about to change the broad economic picture. In a wide-ranging Big Interview, he notes that the global economy could see a series of rolling recoveries, leading to repeated cycles of good news as the world re-opens from the pandemic. Also on the show, Cath...
Ariel's Bobrinskoy: Expect inflation to hurt growth stocks
July 13, 2021 11:00 - 59 minutes - 55 MBCharlie Bobrinskoy, vice chairman of Ariel Investments and a noted value manager, says that he expects inflation to be more than 'transitory,' and that if prices start to rise, it could spell some trouble for growth stocks. Meanwhile, even with the markets around record-high levels, he believes there are still plenty of reasonably priced companies that should help value investors continue their recent comeback. Also on the show, Zachary Karabell of RiverTwice Capital discusses his latest boo...
Meme stock investors are changing risks for the rest of us
July 12, 2021 12:50 - 58 minutes - 80.3 MBRick Bookstaber, chief risk officer at Fabric RQ, talks about the changing face of risk in the current market environment, running from how rising inflation and interest rates play in to how the 'gamefying' of the market and the eruption of meme stocks that have defied traditional market forces has the potential to impact all investors, even the classic buy-and-hold types who avoid hot stock plays. Also on the show, Anqi Chen, research economist at the Center for Retirement Research, discuss...
Strategic Frontier's Goerz expects 5 or more rate hikes by '23
July 09, 2021 13:01 - 59 minutes - 54.9 MBDavid Goerz, chief investment officer at Strategic Frontier Management, sees trouble ahead for a market that is overvalued, with an economy that he believes is headed for trouble unless government spending is reduced and with a bond market that he finds troubling. Goerz expects the Federal Reserve to hike rates once this year, and says there will be four -- but as many as eight -- rate increases next year, with the hope being that many hikes will ultimately return the economy to normal by t...
Clocktower's Papic: Expect inflation, volatility and a summer bond sell-off
July 08, 2021 13:50 - 1 hour - 55.4 MBMarko Papic, chief strategist for the Clocktower Group, says that he expects an inflation surprise to the upside -- bigger than the market forecasts -- which is likely to upset the market, adding to volatility and limiting the forward potential for stocks. It has him looking to foreign markets to generate bigger returns for the remainder of the year and potentially beyond. Also on the show, Tom Lydon of ETFTrends.com looks to the potential of blockchain with his ETF of the Week, Jacque Reard...
Virtus' Terranova: 2021 is about 'how much money can I lose'
July 07, 2021 12:08 - 58 minutes - 54.1 MBJoe Terranova, chief market strategist at Virtus Investment Partners, says that the market's rebound from early-pandemic lows has investors tempted into concentrated portfolios, pursuing the hot sectors and big winners, but he says the remainder of the year will be about risk, and 'reintroducing diversification by asset class, geography, equity size class and strategy.' Terranova says he is optimistic not just for the future but for the next 10 to 15 years, but he says the markets will deman...
Cumberland's Mousseau: Inflation isn't 'transitory,' it's returning to normal
July 06, 2021 13:13 - 58 minutes - 54.1 MBJohn Mousseau, chief executive officer and director of fixed income at Cumberland Advisors, says that worries about rising inflation are overblown given current conditions, and he says investors should expect higher inflation but only to the extent that it returns to pre-pandemic levels over the next year. Also on the show, Francesca Ortegren discusses a recent study done by Clever Real Estate showing how the pandemic continues to damage Americans' finances, Chuck answers a question about Se...
Expect more volatility, less gains for the remainder of the year
July 02, 2021 12:47 - 1 hour - 55.9 MBDifferent analysts taking a fundamental and a technical view of the market both think that strong conditions will carry into the second half of 2021, but think returns may be muted compared to the last six months. Rusty Vanneman, chief investment strategist at Orion Portfolio Solutions, says that 'the growth rate of the growth rate' is slowing, which is likely to slow the market or at least make it more choppy. Meanwhile, Jeffrey Bierman of TheoTrade.com says the market is overbought now fro...
Cambria's Faber: U.S. outlook is depressing but 'there's massive opportunity elsewhere'
July 01, 2021 12:11 - 59 minutes - 54.8 MBMeb Faber, chief executive and chief investment officer for Cambria Investments, says that the U.S. stock market's return to record high levels has given it little room to move forward from here -- with the exception of value stocks, which remain attractive despite a 'face-ripper' of a year -- but he believes that while investors can ride the current trends until they change, he notes that the biggest opportunities are around the world right now. He notes that most people are too focused o...
Michael Falk on recovery, reacting and not recovering in these times
June 30, 2021 13:18 - 1 hour - 55.9 MBMichael Falk of Focus Consulting Group -- who joins Chuck every three months to discuss the market, investing and his personal battle with Lou Gehrig's Disease -- responds to fears of rising inflation and interest rates, whether that changes his disdain for bonds, but also talks baseball, how the pandemic was a stroke of good fortune for him and much more. Also on the show, Michael Dominguez, author of 'Armchair Real Estate Millionaire' discusses how the pandemic and the hot housing market ...
Vantagepoint's Wicker: Better profit margins, GDP will push stocks higher
June 29, 2021 12:40 - 59 minutes - 54.3 MBWayne Wicker, chief investment officer for Vantagepoint Investment Advisors and ICMA Retirement Corp., says that despite concerns about inflation and interest rates creeping up that have dampened market enthusiasm, he expects that 'the combined effects of better GDP and better margins are going to be good for equities over the next 12 months.' He discusses the sectors and areas that he expects to lead the way higher and those he wants to avoid in The Big Interview. Also on the show, Chuck ...
Manager says the dogs of the Dow are howling a happy tune
June 28, 2021 11:50 - 59 minutes - 54.5 MBDave King, head of income and growth strategies for Columbia Threadneedle Investments, says that income-oriented investors should be revisiting a popular old strategy -- the Dogs of the Dow -- buying the highest-yielding stocks of the benchmark index. The strategy has fallen out of favor in recent years, while value investing has struggled, King says, but now is a good time to look for more yield out of large-cap stocks. Also on the show, David Goodsell of the Natixis Investment Managers’ Ce...
Asbury's Kosar: Despite obstacles, market and tech could make a run
June 25, 2021 13:47 - 59 minutes - 54.7 MBJohn Kosar, chief market strategist for Asbury Research, says that the market is overextended as measured by a number of technical indicators, but breakouts visible this week in technology sectors suggest that there is meaningful ground to be made now, as much as 10 percent in tech stocks and sectors in short order. Also on the show, Rob Shaker of Shaker Financial Services discusses the state of closed-end fund discounts, and how current conditions appear to be a repeat of what the industry ...
Schwab's Kleintop: Expect bad market reactions to good economic news
June 24, 2021 12:48 - 1 hour - 55.5 MBJeffrey Kleintop, chief global market strategist for Charles Schwab and Co., says that the stock market is likely to have an inverse reaction to economic news, with bad news being greeted happily because it could prompt the Federal Reserve to unwind controls more slowly, whereas positive developments may be viewed as inflationary. These attitudes could lead to heightened volatility for the remainder of the year. Also on the show, Tom Lydon of ETFTrends.com makes a real-asset play his ETF of ...
Pandemic forced a focus on life's 'most important things'
June 23, 2021 12:31 - 59 minutes - 54.4 MBMore than nine in 10 retirees now agree that having a purpose -- and typically a purpose that revolves around family, but also on staying fit and active and possibly semi-employed -- is a key to a successful retirement, with the focus on purpose seemingly coming out of the slowdown and malaise of the pandemic. Scott Thoma from Edward Jones discusses those results from a recent survey, and how the pandemic has made people reset, reconsider and reprioritize their retirement plans. Also on the ...
GMO's Chiappinelli: Eerie parallels with '99 show market on edge of a speculative mania
June 22, 2021 13:07 - 59 minutes - 54.5 MBPeter Chiappinelli, portfolio strategist at GMO Asset Management, says that the market is showing similarities to 1999, which proved to be a great market opportunity that ended in a bear market. Chiappinelli says that every bubble has expensive stocks, but also some wild speculators -- people he calls 'the crazies' -- who are wildly speculative and bullish. They arrived about a year ago, Chiappinelli says, and it's a sign that the market rally has reached its final stages. Also on the show, ...
ProShares' Hyman: Inflation will hurt bonds, but won't have a big impact on stocks
June 21, 2021 13:25 - 1 hour - 56.5 MBSimeon Hyman, global investment strategist for ProShares, says that the ongoing spike in inflation will force bonds into a brief tailspin, but won't do much to damage equity markets, which he says are trending 'a little toward Goldilocks.' Also on the show, Catherine Yoshimoto of FTSE Russell talks about the upcoming, 33rd annual 'Russell Reconstitution,' and how it reflects broad changes in the market, Kyle Guske of New Constructs puts a Chinese IPO in 'The Danger Zone,' and Mark Yusko, chi...
Osterweis' Vataru: Inflation and the market feel different this time
June 18, 2021 12:38 - 59 minutes - 54.8 MBEddy Vataru, portfolio manager for the Osterweis Total Return Fund, says that with the Federal Reserve acknowledging this week that higher rates are coming -- even if it's not for 18 months -- and working to manage inflation, it's clear that the central bank is starting to change its tune on stimulus and quantitative easing to avoid future problems. He notes that up to now, the Fed has been playing with 'the same playbook' it has used in past downturns and crises, but that the current situat...
Fed isn't surprising or scaring anyone, but may not be helping much either
June 17, 2021 12:18 - 1 hour - 55.4 MBDoug Roberts, chief investment strategist for the Channel Capital Research Institute, says in the Big Interview that the Federal Reserve has made its plans clear, and that is that rates and inflation will rise in the next year or two, but they stopped short of any action that would make nervous investors leave the market now. He suggested that investors should stand pat with well-balanced, diversified portfolios as they wait for the paths of rates and inflation to become more clear. Also on ...
Wells Fargo's Wren: Expect inflation to settle down in '22
June 16, 2021 12:29 - 59 minutes - 54.6 MBScott Wren, senior global market strategist at the Wells Fargo Investment Institute says that the big question dogging the market right now is whether the recent spike in inflation is transitory or longer lasting. He sees inflation staying high for most of the rest of 2021 before normalizing, meaning that the market's growth in 2022 is not likely to be curtailed by rising prices. Also on the show, Brian Gahsman of the AlphaCentric Robotics and Automation Fund talks stocks in the Market Call,...
Baird's McAllister: Don't get too excited about inflation
June 15, 2021 12:38 - 58 minutes - 53.7 MBDuane McAllister, portfolio manager for the Baird Funds, says that the Federal Reserve is likely to sustain its inflation projections but says that he doesn't expect interest rates to spike as inflation goes up, citing strong international demand and other factors as keeping rates in check. Also on the show, Jim Welsh of Smart Portfolios talks technical analysis, noting that he sees the market taking a 7 to 10 percent downturn over the next few months before proving that drop to be a buying ...
BCA Research's Berezin on 'The Crypto Impossibility Theorem'
June 14, 2021 13:06 - 59 minutes - 55.1 MBPeter Berezin, chief global strategist and director of research at BCA Research, discusses the "Crypto Impossibility Theorem' -- which states that cryptocurrencies will only be viable if they can offer a higher return than stocks, and why he believes that won't happen, and will lead to struggles that distract the market and slow appreciation. In the long run, he expects interest in cryptocurrencies to diminish and the market to benefit as a result. Also on the show, Mike Brown of Expertise.c...
iShares Chaudhuri: Solid recovery isn't going away when the reopening ends
June 11, 2021 13:01 - 58 minutes - 54.1 MBGargi Chaudhuri, head of investment strategy for iShares, Americas says that while the reopening is driving growth right now, she expects capital expenditure and infrastructure spending to keep the economy rolling into and through 2022. She also notes that while the pandemic shutdown was a global event, the reopening is happening in pockets which will mean that different regions -- and industries -- will be coming back and gaining steam at different times, which should prolong the global rec...
Invesco's Leger: Like Frankie said, 'The best is yet to come'
June 10, 2021 12:45 - 59 minutes - 55.1 MBTalley Leger, senior investment strategist at Invesco, recognizes the various tunes the market is humming over inflation, interest rates and other concerns, but he looks at earnings growth and valuations and is singing a different tune, Frank Sinatra's 'The Best is Yet to Come.' He explains why in the Big Interview. Also on the show, Tom Lydon of ETFTrends.com makes a fund based on a famous investment guru's strategy his 'ETF of the Week," Meredith Stoddard, vice president of life event plan...
Oxford Economics' Bostjancic: Reopening recovery comes with 'bumpiness'
June 09, 2021 12:09 - 59 minutes - 54.3 MBKathy Bostjancic, chief US financial economist, says the current recovery 'is what we've been waiting for' and is a story of spending and pent-up demand tempered by a global supply shortage that is generating inflation and symbolizes the bumps in the road that should temper consumers' enthusiasm. Bostjancic notes that getting supply and demand rebalanced could take a year or more, with the meantime being when inflation and interest rates could grow into a significant problem. Also on the sh...
Economist Kotlikoff says to dump long-term bonds ahead of high inflation
June 08, 2021 12:38 - 59 minutes - 55.1 MBLawrence Kotlikoff, an economist and the founder of Maxifi.com, says that the current increase in inflation is nothing compared to what he fears is coming, which he said could be several years of the high single digits all the way up to hyperinflation levels. Kotlikoff says that investors need to factor what inflation will do to the ability of their financial nest egg to maintain purchasing power and fund a lengthy retirement. Also on the show, Leo Leydon of Financial Focus Advisory Services...
Economist Gruenwald: 'This is not a normal recovery'
June 07, 2021 11:00 - 59 minutes - 54.7 MBPaul Gruenwald, chief economist at S and P Global Ratings says that the economy is being turned back on in the middle to late stages of the economic cycle, which is different from the standard exit from a downturn, raising questions about the impact and effectiveness of policy decisions going forward. Still, he remains constructive about the market, noting that the U.S. economy could come out of the pandemic without too much scarring, with reasonable growth rates -- much lower than current l...
Mackay Shields' DiMella: Munis were the surprise of the pandemic
June 04, 2021 16:01 - 59 minutes - 54.9 MBBob DiMella, co-head of municipal managers at MacKay Shields, discusses the surprise that muni bonds have been since the start of the pandemic, coming through what were expected to be tough times with superior performance among fixed-income investments and positioned to be a leader in the bond space amid rising interest rates and inflation in the future. Also on the show, Randy Anderson of the Griffin Capital Institutional Access Real Estate fund discusses the changing opportunities in real ...
Ritholtz: 'Great Reset' economic change will impact generations
June 03, 2021 12:46 - 59 minutes - 54.3 MBBarry Ritholtz, chairman of Ritholtz Wealth Management, says that the coronavirus pandemic and the current re-opening have economic parallels to what the United States experienced after World War II, noting that key industries and economic conditions will be changed forever. He believes that current concerns about inflation are overblown when viewed through a long-term lens, and expects economic stimulus -- funded at historically low rates for Treasury yields -- to continue to stoke expansio...
Intrepid's Travis: Expect a battle between the Fed and the marketplace
June 02, 2021 12:39 - 1 hour - 55.3 MBMark Travis, president of Intrepid Capital Management, says in the Market Call that there will be a battle going forward between the Federal Reserve and the marketplace and Treasury yields -- where various economic pressures will meet -- but that the brewing fight over rates and inflation have yet to negatively impact the stock market. It does have him looking at some securities and favoring their bonds over the stocks as he looks for 'compounders' that can grow in this environment. Also on ...
SLC's Mullarkey: Measured inflation won't derail the market
June 01, 2021 11:54 - 59 minutes - 55.1 MBDec Mullarkey, head of investment strategy at SLC Management, says that while inflation is rising, he doesn't expect it to reach the kinds of dangerous levels that could crash the stock market. He notes that, historically, markets do well when inflation is under 4 percent, provided that spikes are avoided, which he believes the central banks globally will control. Still, he has tempered expectations for the future, noting that he expects stocks to return 5 to 7 percent in 2022. Also on the ...
AssetMark's Thomas: People are too worried about a meltdown
May 28, 2021 12:55 - 1 hour - 55.5 MBJason Thomas, chief economist at AssetMark, says that individual investors are focusing too much on near-term risk management at the expense of their long-term goals, noting that anyone with time frames of five years or more can be confident that current concerns about inflation, rising interest rates and more will not cause long-run economic scarring. He believes that domestic markets will remain stronger than international markets, he suggests that governments and central banks are prepare...
Zuma Wealth's Spath: 'Murky market' is correcting now
May 27, 2021 11:57 - 59 minutes - 54.5 MBTerri Spath, founder and chief investment officer at Zuma Wealth, says the market seems to be in the middle of a correction now, with a choppy trend that is challenging investors' patience and judgment. She says investors are having a tough time determining if inflationary pressures are transient and temporary or if they represent real trouble, and she says that story will play out in the currency and cryptocurrency markets as well as in the bond market later this year. Also on the show, Tom...
CFRA's Stovall: The market doesn't swoon in June
May 26, 2021 12:31 - 59 minutes - 55.1 MBSam Stovall, chief investment strategist at CFRA Research says that there are plenty of reasons for investors to be concerned about the stock market now, though he notes that since World War II the market has mostly avoided significant downturns in the month of June. He is not opposed to turning defensive and rotating into health care and consumer staples -- rather than retreating from potential troubles -- but he relies on stock market history as 'virtual valium,' a calming agent that remin...
Axel Merk: The market is due for a respite, or worse
May 25, 2021 12:37 - 59 minutes - 54.7 MBAxel Merk of Merk Investments says that the stock market is due for a correction, but not necessarily a bear market, noting that the economic recovery has gone far and that the reopening will fight some of the downward pressures. Merk says that while the market is seen as being 'different' right now, the traditional 'sell in May and go away' thinking might be in place, at least through Labor Day; he's been protecting profits and taking chips off the table but noted that he would not be going...
Harry Dent expects the market to get cut in half, and soon
May 24, 2021 12:40 - 1 hour - 55.6 MBMarket forecaster Harry S. Dent Jr. says the next stock market crash -- which he thinks could hit as early as the next six weeks -- will be a 50 percent decline in two to three months, but he says that the decline is a re-set needed to pass a bubble and that the carnage will be over by late in 2022 or 2023. 'The upside is limited, the downside is somewhere between 65 and 80 percent on stocks,' he says in an extended Big Interview. Dent says that Bitcoin has been 'the best leading indicator o...
Lacy Hunt: Economic rebound/recovery will be short-lived
May 21, 2021 13:03 - 58 minutes - 54.1 MBEconomist Lacy Hunt of Hoisington Investment Management says that the economic rebound and recovery is peaking now, in terms of growth rates, and he believes that later in the year economic growth will be well below the pre-pandemic levels of 2019. He believes that the stimulus efforts will prove to be temporary help, but will leave behind debt that will lead the economy to 'death by slow strangulation.' Also on the show, Mark Asaro of Noble Wealth Management talks about how closed-end funds...
A behavioral finance expert succeeds by going his own way
May 20, 2021 12:03 - 59 minutes - 54.4 MBMeir Statman, professor at Santa Clara University and one of the world's leading experts on behavioral finance, talks about the approach he took when looking into making a major donation of his own money, and the decision-making that prompted him to give generously 'with a warm hand,' rather than waiting until his death. He also discusses why he doesn't rebalance his portfolio, or stick to a common asset allocation for a man his age, how he has given up on using money-market funds and replac...
Rayliant's Hsu: Broken economic 'coupling' with China is good for diversification
May 19, 2021 12:33 - 59 minutes - 54.8 MBJason Hsu of Rayliant Global Advisors says that China -- which was first into and first out of the pandemic -- is a good economic precursor for the rest of the world to watch now, as its stock market euphoria from 2020 has backed off with more mundane returns this year. Hsu notes that China's path through the pandemic was different than for much of the world, highlighting that there has been some de-coupling between global markets, less correlation where one nation's issues lead to problems ...
All Star Charts' Delwiche: Financials and materials should lead next rally
May 18, 2021 12:06 - 59 minutes - 54.3 MBWillie Delwiche, investment analyst for AllStarCharts.com, says that the market is on solid ground now, even as it enters the second year of a cyclical rally. He suggests looking for clues on where to invest from the current 'digestive phase,' which saw the market take a turn for the worse; despite that downturn, Delwiche notes that financials and materials stocks reached new highs, showing their strength -- which he expects to continue -- in this market. Also on the show, Doug Loeffler of S...
Oil is going to 100 dollars a barrel, and inflation is coming
May 17, 2021 12:49 - 1 hour - 55.4 MBTom McIntyre of McIntyre, Freedman and Flynn -- who has been on the Market Call more than any other guest -- returns to the show and says that for the first time since the Reagan Administration, he is genuinely concerned about the prospect of rising inflation. He sees oil rising to 100 dollars a barrel and says commodity prices are showing upward pricing pressure every day. Also on the show, David Trainer of NewConstructs.com puts the SquareSpace IPO -- due to launch on Wednesday -- into the...
Hennessy's Ellison: Financial stocks now have a 'valuation advantage'
May 14, 2021 13:14 - 59 minutes - 54.3 MBDavid Ellison, manager of two Hennessy Funds focused on financial-services stocks, says that the market has technology companies trading at 15 times revenues while banks are trading at 10 times their profits, creating a valuation edge that 'makes it hard to see how [financials] will not do well over the next couple of years,' and that's before factoring in rising interest rates and other factors that could change and help the financial landscape going forward. Also on the show, Mike Taggart ...
Glenview's Stone: Inflation could be transitory, and shouldn't stop recovery
May 13, 2021 12:33 - 59 minutes - 55 MBBill Stone, chief investment officer for Glenview Trust, says that current inflation may be on the rise, but the increase may be caused in part by bottlenecks in certain commodities that have caused prices to increase, and that pressure should ease over time. He expects value stocks to continue their recent outperformance over growth during the rest of the year, with a strong economic recovery and the slight inflation blip pushing that action along. Also on the show, Tom Lydon of ETFTrends.c...
Via Nova's Gayle: If ever a rising tide lifts all boats, 'we're in it'
May 12, 2021 12:42 - 59 minutes - 55 MBAlan Gayle, president of Via Nova Investment Management, says that the light at the end of the pandemic's tunnel is getting brighter and that as conditions improve the astronomically high expectations for economic growth keep moving higher, as do the already heightened expectations for Standard and Poor's 500 earnings. 'The overriding theme,' Gayle says, 'is that the fundamentals continue to improve,' creating the proverbial rising tide that is lifting all boats. Also on the show, Brian Dre...