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
Invesco's Hooper: Expect a strong economic rebound later this year
March 02, 2021 12:59 - 59 minutes - 54.9 MBKristina Hooper, chief global market strategist at Invesco, says that a re-opening post-pandemic economy will release pent-up demand that fuels significant growth, overcoming current inflation concerns and more. She points to countries like Israel and Great Britain -- which are closer to full re-opening than the United States -- and says the economic strength shown there is a pattern the US is likely to repeat. Also on the show, two different interviews with long-term technical analyst Micha...
Fund legend Wick says to change long-run hopes for tech stocks
March 01, 2021 12:00 - 1 hour - 55.8 MBPaul Wick, long-time manager of the Columbia Seligman Communication and Information Fund -- one of the most successful sector funds in history -- says that the long bull market in technology was built on top of falling interest rates, and that the next quarter-century will see a different rate trend that forces investors into more muted expectations. Wick says, however, that there are still reasonably valued tech stocks positioned to maintain explosive growth for the foreseeable future. Also...
Rising rates are 'most impending danger' to market
February 26, 2021 13:25 - 1 hour - 55.7 MBNeil Azous, chief investment officer at Rareview Capital, says that 10-year real US interest rates -- which have been on the rise recently and which jumped on Thursday -- are 'the most impending danger' to investor portfolios. He says the market is now acting as if the pandemic is nearly over and says that investors need to be thinking of the big economic themes beyond the re-opening, including the changing rate picture. Also on the show, Robin Gaster, the author of the new book 'Behemoth, A...
GMO's White: Expect a good year for fossil fuels but better for energy alternatives
February 25, 2021 12:11 - 1 hour - 55.7 MBLucas White, portfolio manager for resources and climate-change strategies at GMO big-oil is due for a big rally. He notes that while oil prices are up 20 percent in the last year, they are still well below pre-pandemic levels, which gives them the potential to register massive gains as the economy starts to shake off its pandemic slumber. Also on the show, Tom Lydon of ETFTrends.com talks about SPACs -- special purpose acquisition companies -- and the ETFs that have jumped in on this new Wa...
Franklin Templeton's Dover: Stocks and bonds are overvalued, but stick with them
February 24, 2021 13:06 - 58 minutes - 53.7 MBStephen Dover, chief market strategist for Franklin Templeton, says in the Big Interview that he sees a rise in inflation, but thinks the economy can put off any serious bump in prices for as much as three years. He recognized the problems and issues for both stocks and bonds, but still says that investors should stick with domestic and international markets for stocks and bonds to take advantage of the market while it keeps running. Also on the show, Freddy Garcia of Left Brain Investment R...
Vontobel's Souccar: Story stocks' tale will get ugly as pandemic market ends
February 23, 2021 12:58 - 59 minutes - 54.4 MBDavid Souccar of the Vontobel Quality Growth fund says there are two markets right now, one featuring very speculative stocks and the other being real growth opportunities, and he notes that 'What you do not own will be as important as what you do own when we get out of this.' But Souccar isn't the only guest expecting tough sledding ahead for the market, as Jeffrey Bierman of TheoTrade.com notes that conditions could force interest rates higher -- which he says would be devastating to the m...
ProShares' Helfstein: 2020's investment themes have room to keep rolling
February 22, 2021 12:00 - 1 hour - 55.3 MBScott Helfstein, executive director of thematic investing at ProShares, says the big investment themes of 2020 -- stay-at-home/work-from home, cloud computing, cyber security, remote technologies, streaming, gaming and e-commerce among them -- were driven less by consumer sentiment than by underlying fundamentals, and that solid footing will keep those sectors rolling even as the economy emerges from the pandemic over the course of 2021. Also on the show, Ron Ruffinott of Toluna discusses a ...
Expert forecasts slowdown as market and economy flip their disconnect
February 19, 2021 13:46 - 59 minutes - 55 MBRon Sanchez, chief investment officer at Fiduciary Trust Co. International, says that the disconnect between the market and the economy -- with exceptional markets but a poor economy -- is going to be reversed for the next few years, and said he expects the recovery to drag out for several years until unemployment levels return to pre-pandemic lows. Also on the show, Chuck answers a question about rewards cards versus cash-back benefits on credit cards, and closed-end fund expert Maury Fert...
Consumers are 'in fantastic shape,' and real estate bubble talk is 'unfounded'
February 18, 2021 13:17 - 59 minutes - 54.3 MBBob Fraser, chief financial officer for the Aspen Funds, says that a combination of strong consumers and a housing market with insufficient supply are creating a strong outlook for real estate and the broader economy for at least the year ahead. In the Big Interview, Fraser discusses changes to the real estate market that have been accelerated by the pandemic, but also says that he does not expect those trends to stall or back up as the economy moves into post-pandemic activity. Also on the ...
For low volatility, high dividends, look to financials and health care
February 17, 2021 13:27 - 59 minutes - 55.2 MBMichael Loukas, chief executive officer at TrueMark Investments -- which recently launched the DIVZ ETF that focuses on high yielding but low-volatility stocks -- says the financial services and health-care sectors are the sweet spots right now for generating yield without creating much froth in a portfolio. He says in the Market Call which stocks he particularly likes in each space. Also on the show, author Aaron Nannini discusses his new book, 'Cash Uncomplicated,' and how investors must c...
NDR's Kalish talks the changing role of bonds, inflation and more
February 16, 2021 13:22 - 59 minutes - 55 MBJoe Kalish, chief global macro strategist at Ned Davis Research, says that investors using the standard 60-40 stocks-to-bonds asset allocation need to reconsider their strategy because bonds will not deliver historic results in the future. Kalish suggests putting 20 percent of the bond weighting into alternatives, including real estate investment trusts and dividend-paying stocks. Kalish also discusses the return of inflation and where it goes from here, and gives his outlook on the market f...
Mellon's Reinhart: This isn't a recovery, it's just a rebound
February 12, 2021 13:47 - 1 hour - 55.8 MBVincent Reinhart, chief economist at Mellon, says the economic activity is being miscategorized as a recovery because it is just a rebound until we see a return to something much closer to pre-Covid levels on unemployment and economic activity. That bodes well for a broader economic recovery once the pandemic has ended. Also on the show, John Kosar of Asbury research says the market is likely headed for a correction of 10 percent or more before it can get much higher, Bill Pekowitz of the Ab...
Validea's Carbonneau sees improved market breadth post-Covid
February 11, 2021 13:22 - 59 minutes - 54.3 MBJustin Carbonneau of Validea.com says that small-cap and value stocks have bounced back hard since last fall's election, but that run has not excluded growth and momentum companies and more, leading to a broad-based rally that he believes can be sustained for a while. Also on the show, Tom Lydon of ETFTrends.com makes a heart-themed ETF his Valentine's-related pick for 'ETF of the Week,' Rance Masheck of iVestPlus discusses trading platforms and why investors may want to use multiple brokera...
Silver trading highlights bull-market opportunities for commodities
February 10, 2021 12:53 - 59 minutes - 54.7 MBEverett Millman, precious metals specialist for Gainesville Coins, says that the market is 'in the early innings' of a cyclical bull market for commodities -- with oil and agricultural prices on the rise -- which typically is a precursor to an increase in the price of precious metals. Millman discusses the recent frenzy in silver trading and how it's likely to play out uneventfully. Also on the show, Mark Hines of Left Brain Investment Research highlights the firm's Chosen List and one stock...
Seafarer’s Foster: Best values are in nations still struggling with Covid
February 09, 2021 13:13 - 59 minutes - 55.1 MBAndrew Foster, manager of the Seafarer Overseas Growth and Income Fund, says the best bargains in emerging markets are in the countries that are still mired in coronavirus troubles, and he expects normalization to happen until at least 2022, with ‘tough sledding’ keeping markets there depressed in the interim, creating potential investment bargains. Also ont eh show, Jim Welsh of Smart Portfolios says he expects inflation to reach 3.5 percent by the summer and in that time also thinks the St...
AAM's Lloyd: Stocks will gain, but more slowly, for the next few years
February 08, 2021 12:59 - 59 minutes - 54.7 MBMatt Lloyd, chief investment strategist at Advisors Asset Management, says investors may need to adjust expectations for market returns over the next five years, as stocks deal with changes in growth, bonds deal with low interest rates and the economy starts to face down inflation. Also on the show, Rodney Brooks of US News and World Report discusses the Biden Administration's potential plan to eliminate tax-deductibility of 401(k) plans -- favoring tax credits for contributions instead -- D...
Ally's Bell sounds an alarm on inflation coming this summer.
February 05, 2021 13:42 - 58 minutes - 54.2 MBLindsey Bell, chief investment strategist from Ally Invest, says that worries about inflation being spurred by economic stimulus are real, and while she thinks the real troubles with rising prices are still a few years off, she expects an inflation spike this year and says it could be the hot topic this summer, as prices rise but the Federal Reserve holds the line on low interest rates. Also on the show, Wendy Huang of the London Stock Exchange Group, discusses why fund sponsors and busines...
FundX's Brown: Small-caps, foreign stocks and value are the places to be next
February 04, 2021 12:47 - 1 hour - 55.8 MBJanet Brown, chief executive at the FundX Investment Group -- which invests using an 'upgrader strategy' trying to ride the market segments that are hot -- says that market leadership has been changing and that while domestic large-cap growth stocks aren't falling out of favor, small-company issues, value investments and international funds are all looking like they are ready to take over market leadership in 2021. Also on the show, Tom Lydon of ETFTrends.com makes an international small-cap...
Two money managers prove that disagreement makes a market
February 03, 2021 13:10 - 59 minutes - 55.2 MBToday, a Money Life first, with two money managers disagreeing about the same stock -- one saying he would buy it now while the other would sell it and avoid it -- on the same show. Learn about the stock and get a lot of broad market reaction and more today from Noland Langford of Left Brain Investment research, Ben Cook, the portfolio manager of Hennessy BP Energy fund, Ted Rossman of Creditcards.com and in the Market Call with Bernie Horn of Polaris Global Value fund.
Bear Traps Report strategist says GameStop trading points to market trouble ahead
February 02, 2021 12:53 - 58 minutes - 53.6 MBMarket strategist Lawrence McDonald of The Bear Traps Report, says that we're living through a 'blood-curdling bull raid, where the bulls are devouring the shorts,' and he says that historically that kind of action happens near market tops. He says the risk-reward balance looking out six months is 'pretty poor.' McDonald also discusses the GameStop situation, as does technical analyst Mark Newton of Newton Advisors, who talks about how the volatile market action shows up in and impacts the t...
Rinker: Buying collectibles is like flushing your money
February 01, 2021 13:08 - 58 minutes - 54 MBSyndicated columnist Harry Rinker -- who has written his Rinker on Collectibles column weekly for more than three decades -- says that collections have value, but that collectors really should be focusing on the joy they get from their finds rather than the monetary value of their items because collectibles seldom pay off financially. Also on the show, David Trainer of New Constructs puts a small/mid-cap fund in the Danger Zone, and Jon Lansner of the Orange County Register talks about the ...
Seven Canyon's Stewart: Market appears 'unmoored' from reality
January 29, 2021 12:00 - 1 hour - 56.8 MBLong-time growth manager Sam Stewart of Seven Canyons Advisors says that the stock market is experiencing a lot of 'clear-air turbulence,' moving and reacting faster to things that average investors can't see, let alone react to. Coupled with stock prices that he says do not reflect the true growth rates of the businesses, he expects the market to have mild setbacks going forward, even amid the positives of a post-pandemic recovery. Also on the show, Tom Lydon of ETFTrends.com makes a unique...
Oakmark's Nygren: The market's next 10 years won't be like the last decade
January 28, 2021 13:30 - 59 minutes - 54.7 MBLongtime value manager Bill Nygren of the Oakmark Fund says that active management tends to shine 'when parts of the market go to extremes that aren't sustainable,' noting that he sees more sectors and companies at unsustainable levels than he has seen in his career. As a result, he expects value investing to extend its recent run of strong performance into something much longer, fueled by a mix of economic recovery, a bump in inflation and a return to investing with an eye on risk rather th...
All Star Charts' Delwiche: This is a healthy broad rally
January 26, 2021 13:09 - 1 hour - 57.1 MBWillie Delwiche, investment analyst at All Star Charts, says that the people forecasting doom and gloom and saying the market has come too far, too fast have missed the point that the current market rally is so broad and so strong -- and being propelled by economic recovery and bolstered by low interest rates -- that they're missing out on an upward move that he expects to consider. Delwiche did say he particularly likes the looks of some foreign markets, and he doesn't necessarily expect th...
Despite pandemic, more than half of Americans are more financially confident
January 25, 2021 13:32 - 1 hour - 86.1 MBChris Manderfield joins Chuck to discuss KeyBank's 2020 Financial Resiliency Study, which showed that Americans have been building up emergency savings during the pandemic, with more than half of respondents saying they could immediately cover a $2,000 emergency, up sharply from a year ago and disagreeing with a number of other prominent studies released since Covid-19 overtook the global economy. Also on the show, author Michael Fox-Rabinovitz discusses the value of investing in buying frac...
Optimism for value stocks, small- and mid-caps, the broad market and more
January 22, 2021 12:45 - 59 minutes - 54.8 MBIt's a festival of optimism on today's show, as all of the guests are bullish on the market, or at least the little part of the market where they make their living. Michael Roomberg of Miller/Howard High Income Equity sees value stocks -- already on a run -- finding their long-term footing again once the pandemic ends, Mike Dowdall of BMO Global Asset Management sees solid opportunities in a number of sectors and global locations as the economy recovers from its Covid-induced doldrums, Dan Z...
ETFTrends' Lydon: The online retail trend will roll on long after the pandemic stops
January 21, 2021 13:05 - 59 minutes - 54.7 MBTom Lydon of ETFTrends.com made the ProShares Online Retail ETF his pick as ETF of the Week, noting that the fund -- trading well above its 200-day moving average -- is poised for a long run because the explosive growth in online retailing seen during the pandemic is just a start. Also ont he show, Robert Farrington of The College Investor discusses the best free and paid software platforms for individuals looking to get the best for their own unique situation this year, David Waldron discus...
William Blair's Singer likes energy stocks, value and other inflation plays now
January 20, 2021 14:37 - 59 minutes - 54.4 MBBrian Singer, co-manager of the William Blair Macro Allocation Fund, says that investors should be looking at making allocation changes now because the economy and market will come out of the pandemic changed, ready for a more broad recovery but also facing increased inflation as an offshoot of the economic stimulus. While not expecting inflation to take root yet, Singer agreed that certain inflation plays -- including energy stocks, the value investment style and more -- are likely to do we...
JMK's Mills: Bonds will be 'unattractive investment' for the next decade
January 19, 2021 11:40 - 58 minutes - 53.9 MBKarl Mills of Jurika, Mills and Keifer, says that investors need to change their long-term asset allocations to adjust for the low yields and low real returns they're likely to get from bonds for at least the next 10 years. But with a strong desire and need for people to move forward from the coronavirus pandemic, he expects that the market and economy will be strong once the new normal is established. Also on the show, David Trainer of New Constructs covers three stocks that were particular...
Tech Traders' Vermeulen says technicals will overpower fundamentals in new bull market
January 15, 2021 11:30 - 59 minutes - 54.7 MBChris Vermeulen, chief market strategist at The Technical Traders, says that the market's technicals are very strong, with all signs showing a new bull market that should carry the Standard and Poor's 500 to 4,200. 'You have to throw fundamentals and economic stuff out the window,' he says, 'because this market from a technical standpoint is set to go higher,' noting that the market could climb the wall of worry -- with brief respites and corrections -- all the way to 4,600. Also on the show...
Rondure's Geritz says India is the most attractive emerging market
January 14, 2021 12:57 - 58 minutes - 54.3 MBAt a time when emerging markets investments look particularly promising, Laura Geritz of Rondure Global Advisors says that India is the country where she finds the best opportunities, while China is the market that she finds more troubling. Geritz discusses how the global pandemic -- which has curtailed the brutal travel schedule she keeps, normally spending about three-quarters of the year on the road -- has changed but also improved the investment research process, and why it has created o...
Strong demographic demand will keep real estate hopping in '21
January 13, 2021 13:55 - 58 minutes - 54.2 MBMark Fleming, chief economist for First American Financial Corp., says that the real estate market will not be returning to 'normal' when the pandemic is done because it has been fundamentally changed by the way lives have been affected by work-from-home and other trends. Those issues led to a particularly strong year in 2020 and will contribute to another big year ahead, especially with the millennials aggressively moving into their home-ownership phases at a time when there is a low supply...
Elliott Wave's Gilburt: Market is headed to 4,600 this year, then on to 6,000
January 12, 2021 13:15 - 58 minutes - 47.4 MBAvi Gilburt, founder of Elliott Wave Trader, says that nervous investors should turn off the news, look at technicals and Elliott Wave analysis and join him in thinking the market's next move will be to 4,600 on the Standard and Poor's 500, a gain of more than 20 percent from current levels. But Gilburt goes further to say that he thinks the market will get to 6,000 before the current cycle ends, though it may not be until 2022 or '23 before it goes that far. Also on the show, University of ...
Boston Partners' Mullaney: Ride the wave in 2021 into '22
January 11, 2021 13:38 - 58 minutes - 47.3 MBMichael Mullaney, director of global markets research at Boston Partners, says that while investors have good reasons to be nervous, the market and economy are set up for a good year and reasonable returns, provided there isn't some glitch in the end game of the pandemic. While he acknowledges issues like potential inflation, the disconnect between the market and the economy and more, Mullaney says those concerns will take a while before they truly impact the market. Also on the show, Dave K...
'Something on the horizon much better than current headlines indicate'
January 08, 2021 13:36 - 59 minutes - 48.2 MBVeteran technical analyst Gene Peroni of Peroni Portfolio Advisors is very bullish on the market, expecting it to move substantially higher -- ultimately eclipsing Dow 40,000 before the current market cycle ends -- driven by broad-based market leadership. Also on the show, Larry Antonatos of Brookfield Asset Management discusses real assets and infrastructure investments and the benefits of making them in closed-end funds, Howard Lindzon, founder of StockTwits talks about the unbundling of i...
Janney's Luschini favors foreign over domestic stocks, value over growth
January 07, 2021 13:01 - 58 minutes - 47.1 MBMark Luschini, chief investment strategist at Janney Montgomery Scott, says market and economic conditions exiting the pandemic favor equity markets that are driven more by cyclical stocks -- which describes Europe, Japan and emerging markets -- which is why he thinks 2021 'may be the year for non-US equities to outperform domestic ...' Further, those same conditions have him favoring value stocks over growth, and he notes that the recent value rally should continue. Also on the show, Tom Ly...
Nuveen's Doll makes his 10 predictions for 2021
January 06, 2021 12:55 - 58 minutes - 54.1 MBBob Doll, chief equity strategist for Nuveen Asset Management, has been making annual predictions about the market and economy for some three decades, and today he releases his forecasts for the year ahead while reviewing his results from 2020, the first year in which he ever had to adjust his prognostications midstream. In 2021, Doll expects to see real GDP growth increasing at its fastest pace in more than two decades, forecasts an increase in inflation, a weakening of the dollar and a sto...
Ariel's Bobrinskoy expects value surge to continue
January 05, 2021 13:22 - 58 minutes - 54.1 MBCharlie Bobrinskoy of Ariel Investments says in the Market Call that value's recent run is likely to continue, but he notes that value-oriented investors need to be particularly careful right now, with the market near record highs and valuations a bit pricey. He also expects that investors will start seeing inflation sooner rather than later, and suggests preparing for it now. In the Big Interview, Greg McBride of Bankrate.com also discusses inflation, and while he expects that there may be ...
Let's go whistling past the mutual fund graveyard
January 04, 2021 13:33 - 58 minutes - 54 MBChuck starts 2021 by diving into the dead pool of mutual funds that perished last year, talking about their foibles, follies and the lasting lessons to be learned from a rogue's gallery of failed funds. Also on the show, Joel Fleishman, author of "Putting Wealth to Work" talks about 'philantho-capitalism' and how wealthy donors are changing the world, and Peter Tuz of Chase Investment Counsel talks stocks in the Market Call.
Michael Falk: 'I'll never buy bonds again, and you shouldn't either'
December 31, 2020 12:40 - 59 minutes - 54.8 MBMichael Falk of Focus Consulting Group -- who has joined Chuck every three months in 2020 to discuss the market, investing and his personal battle with Lou Gehrig's Disease -- talks about how his unique circumstances have him viewing Covid as a blessing, bonds as broken and not worth buying for the foreseeable future, and about his hopes for the future. Also on the show, John Cole Scott of the Active Investment Company Alliance reviews the good, bad and ugly in closed-end fund investing from...
Almost everything you need to know about retirement savings
December 30, 2020 12:13 - 57 minutes - 53.2 MBBen Carlson, author of 'Everything You Need To Know About Saving For Retirement,' joins Chuck to discuss exactly what people need to know and do to at least get comfortable with building their own retirement, and talks about how the daunting process of building a retirement nest egg is easier and simpler than most people make it. Also on the show, Noland Langford of Left brain Investment Research discusses cybersecurity stocks - and specifically Tenable Holdings -- and why they will keep run...
TD Ameritrade's Kinahan sees correction en route to good 2021
December 29, 2020 12:28 - 58 minutes - 54.1 MBJJ Kinahan, chief market strategist at TD Ameritrade, says it would be healthy for the market to have a sell-off of up to 10 percent in the first quarter of 2021 before moving up from there. That said, he said the pace of stock market gains that have been evident through the holiday season will be hard to maintain in the year ahead. Also on the show, Brian Hamilton, chief executive officer at One, discusses how and why some institutions are offering 'early' advance stimulus checks, and Jason...
Legendary manager Dan Fuss says inflation isn't just coming, it's already here
December 28, 2020 12:37 - 59 minutes - 54.8 MBDan Fuss, who has run Loomis Sayles Bond Fund for three decades -- but who is spry enough to have been named by Morningstar as its 'Outstanding Portfolio Manager' in 2019 -- says that all of the economic stimulus will affect the current economy the same way that past financial booster shots have, by creating inflation, which he says is already visible in a few areas but which he expects to become more visible in the next two years. In a wide-ranging Big Interview, Fuss discusses the dangers ...
One thing experts agree on for 2021: Diversification
December 24, 2020 13:18 - 59 minutes - 54.4 MBIn a wide-ranging show, one back note rings out in today's interview, namely the importance of diversification. Tom Lydon of ETFTrends.com looks at a fund that buys into countries showing strong momentum -- and that gained more than 10 percent last week alone -- as his ETF of the Week, noting that it can diversify portfolios that don't have enough international exposure. Gene Tannuzzo of Columbia Threadneedle discusses the need to diversify fixed-income holdings and notes how 2020 has highli...
Wells Fargo's Wren is optimistic the market can deliver 10 percent in '21
December 23, 2020 13:31 - 59 minutes - 54.3 MBScott Wren, senior global market strategist at the Wells Fargo Investment Institute, says we are 'in the early part of a new cycle' that is going to include a pretty good bounce in economic growth next year and that should lead to reasonably good returns even as the economy and stock market come back into sync. He's expecting large-cap stocks to deliver 8 to 10 percent in the new year, which he termed as 'not wildly optimistic, but optimistic.' Also on the show, an extended Market Call that'...
Neil Hennessy: Amid high volatility, the Dow will hit 35,000 next year
December 22, 2020 13:13 - 58 minutes - 53.6 MBNeil Hennessy, chairman and chief executive officer at Hennessy Advisors and the Hennessy Funds, is optimistic about the stock market for 2021, and says that the Dow will overcome significant volatility to reach 35,000 -- roughly a 15 percent gain from current record levels --but he notes that it will also be a good year for value stocks and mid- and small-cap names and not just for big brand-name companies. Also on the show, Shane Bartling of Willis Towers Watson discusses the firm's 2020 G...
Gateway's Jilek:2021 looks positive, but troubles and risks are looming
December 21, 2020 12:48 - 58 minutes - 54 MBDavid Jilek, chief investment strategist for Gateway Investment Advisors, says the market is poised for a reasonably good year ahead, but there are many potential trouble spots and risks. He notes that the market is pricing in greater implied volatility ahead for reasons related to the market, the pandemic, the economy, Federal Reserve policy and more more. He also notes that conservative investors are facing a period where their money isn't growing in low-rate fixed-income securities, forci...
CFRA's Stovall expects the new bull market to run at least two years
December 18, 2020 12:59 - 1 hour - 55.3 MBSam Stovall, chief investment strategist at CFRA Research, says he expects a "digestion of gains" that could lead to a pullback or a mild correction, but he says that history says there are "two-plus years ahead of us before we have to start tiptoeing through the possibility of another bear market." Crit Thomas says that it is going to be a better year for consumers than the market, because the market has already discounted the recovery. XConsumers will be happy but the market has anti...
Baird's Stanek: Don't stretch for extra yield in this low-rate environment
December 17, 2020 13:26 - 59 minutes - 54.6 MBNoted bond fund manager Mary Ellen Stanek, chief executive officer at the Baird Funds, says that while the Federal Reserve will keep interest rates lower for longer, investors looking to generate yield need to be cautious because the places providing the best returns are a significant step up the risk spectrum. She also noted that while mortgage securities have been viewed by many as improving yields, she is underweight on them now because they have significant refinancing risk that could le...
Jim O'Shaughnessy: 'If you're thinking short-term, you're going to get destroyed'
December 16, 2020 12:42 - 58 minutes - 54.2 MBJim O'Shaughnessy of O'Shaughnessy Asset Management and author of 'What Works on Wall Street' discusses how what is working now in the pandemic market is the same as what has always worked, namely patience and diversification. In a wide-ranging interview, O'Shaughnessy makes it clear that investors can get by with simple portfolios and without complex new and alternative investments. Also on the show, Freddy Garcia of Left Brain Wealth Management discusses a few growth stocks in a value sect...