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
Regions' McKnight says any recession in '24 will be minor and 'garden-variety'
December 06, 2023 14:37 - 58 minutes - 54 MBAlan McKnight, chief investment officer at Regions Asset Management, sees a series of rolling recession hitting certain sectors and industries in 2024, but does not see a broad-based, classic and deep recession akin to one triggered by the Great Financial Crisis of 2008. He's not alone in suggesting the economy can escape next year without a recession, as Charlie Bobrinskoy, vice chairman at Ariel Investments says in the Market Call that he believes the stock market and economy are strong en...
Tocqueville's Petrides: Outside the 'Magnificent 7', stocks look attractive
December 05, 2023 15:00 - 1 hour - 55.5 MBJohn Petrides, portfolio manager at Tocqueville Asset Management, says that both stocks and bonds are relatively cheap right now, noting that if you back out the companies that have led the market this year -- the so-called "Magnificent Seven" -- stocks are trading at about 14 times earnings, which is a discount to where the market has been since the 1950s. Petrides says the biggest issues for 2024 will be whether the Federal Reserve can stick the landing without throwing the economy into r...
Schwab's Sonders expects 'rolling recession' to roll on and play out in 2024
December 04, 2023 14:59 - 58 minutes - 54.2 MBLiz Ann Sonders, chief investment strategist at Charles Schwab & Co., says the best situation for the economy and market is 'a continuation of the roll through,' where rolling recessions allow some sectors to rebound while current weakness plays out. Sonders notes that while others include the presidential election cycle into their thinking, she doesn't put much emphasis on the election especially when there are constraints -- like debt, deficit and interest costs -- that make it hard for po...
LPL's Krosby: Market 'gets healthy' on shallow downturn, modest gains in '24
December 01, 2023 14:40 - 1 hour - 58.9 MBQuincy Krosby, chief global strategist at LPL Financial, says that rolling recessions haven't eliminated the possibility of a true, classic recession but she doesn't think there will be anything more than a shallow downturn in 2024 as the economy continues slowing to resolve inflation and other headline issues. She expects stocks to deliver "a comfortable return" in 2024, but with volatility and a "healthy" move toward equilibrium. Don Vandenbord, chief investment officer at Revere Asset Man...
Stifel's Bannister: 'Right now, the market is expensive'
November 30, 2023 14:55 - 58 minutes - 53.4 MBBarry Bannister, chief equity strategist at Stifel, says that the stock market "is a couple of hundred points ahead of where we should be," which means there's not a lot of upside here, but he does expect the factors driving the market to keep shifting away from growth and more towards value stocks. He says value and international stocks move together, and he expects them to turn positive now as value, international and small-cap stocks have been oversold. In the ETF of the Week, Tom Lydon o...
Franklin Templeton's Dover: The market's priced for perfection that won't happen
November 29, 2023 15:35 - 59 minutes - 54.3 MBSteven Dover, chief market strategist at Franklin Templeton and head of the Franklin Templeton Investment Institute -- says the stock market currently is priced for perfection that is unlikely to happen, noting that there has never been a time when the economy has slowed down but earnings have increased, but with consensus earnings growth estimates running in double digits, something appears to be off-kilter now. That makes Dover cautious on stocks, though he acknowledges that dividend-payi...
The election year won't stave off market, economic woes
November 28, 2023 14:44 - 1 hour - 56.6 MBTwo different analysts -- looking at the economy and market from varying viewpoints -- agree on today's show that there is trouble ahead for the stock market and economy in 2024, and that the election cycle -- which historically holds that presidential election years are good times for the market -- isn't going to be able to keep trouble at bay until 2025. Erik Weisman, chief economist and portfolio manager at MFS Investments, says that the Federal Reserve's actions have postponed recession ...
Chuck talks about how to stock up on financial gifts for the holidays
November 27, 2023 14:09 - 1 hour - 55.8 MBIt's Cyber Monday and Chuck offers an alternative to the usual gift-buying pattern by talking about how savers and investors can now give gifts of stock easily and efficiently, teaching children and young adults like-long lessons about saving and investing. Moreover, Ted Rossman of Bankrate.com stops by and discusses gifts from the past that haven't worked out so well, based on the site's research showing that Americans routinely have gift cards they have not used. Plus, Jeffrey Hirsch of Hi...
Oakmark's McGregor: 'The hardest time to invest is always right now'
November 24, 2023 16:08 - 59 minutes - 54.8 MBClyde McGregor, portfolio manager for the Oakmark Equity and Income fund -- who is retiring at the end of the year -- returns to Money life noting that one of his former partners liked to say that "The hardest time to invest is always right now." That's how he feels today, with stocks feeling expensive and with so much money piled into the top stocks in the big indexes -- because past times when there was that concentration have played out poorly for the broad market -- but he notes that his...
Election year effects will stave off recession until 2025
November 22, 2023 14:40 - 54 minutes - 50.5 MBJeffrey Hirsch, editor of the Stock Trader's Almanac, says that the stock market is right on track with expected calendar effects, which he sees as continuing through a Santa Claus rally and a positive January Barometer -- which portends a good year ahead for 2024. Further, citing the history of election-year market patterns, Hirsch says he expects the market to stay strong during 2024, holding off a recession and a bear market until 2025. That would be in keeping with classic election-cycle...
For early '24, Schutte expects recession, Lamensdorf a 'scary moment'
November 21, 2023 13:55 - 58 minutes - 54.3 MBBrent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co., says a recession is likely for 2024, which will create some market pain as it extinguishes "the final embers of inflation which aren't burned out yet, namely wage growth." Schutte expects the market to struggle but notes that conditions are great for fixed income, though he warns against investors hiding in the short-end of the yield curve because rates will start to change next year, and investors who a...
How a fiduciary standard could change the whole world
November 20, 2023 13:36 - 59 minutes - 54.8 MBGeorge Kinder, president of The Kinder Institute of Life Planning and one of the leading lights in the financial planning industry, talks about his new initiative, "Fiduciary in All Things," which seeks to apply a fiduciary standard to more than just money relationships. While most stripes of financial adviser have an obligation to act as a fiduciary -- meaning they put the client's interest ahead of their own -- Kinder believes a straightforward golden-rule like standard cold help restore c...
Allan Sloan digs into how much money Elon Musk has lost on Twitter
November 17, 2023 13:46 - 56 minutes - 51.6 MBFinancial journalist Allan Sloan, a seven-time winner of the Loeb Award -- business journalism's highest honor -- discusses his recent Fast Company column sizing up just how much money Elon Musk and his investors have lost in his dalliance with Twitter, and while the huge losses won't impact Musk's net worth, how bad deals like this do impact real people and ordinary investors who fall for the hype of a successful entrepreneur. Bryce Doty, senior portfolio manager at Sit Investments, return...
SLC's Mullarkey: It's been all about the Fed, and it's going to stay that way
November 16, 2023 13:18 - 58 minutes - 53.4 MBDec Mullarkey, head of investment strategy and asset allocation at SLC Investments, says rate volatility has driven most market activity this year, and now the stock market is pricing in interest rate cuts toward the end of 2024. He thinks that timing is about right, but he notes that the market's fortunes for next year will rest almost entirely on the Federal Reserve, with the market understanding that the central bank has "reserved the right to be tougher here. Also on the show, Tom Lydon...
T. Rowe Price's Uruci: Expect 'elevated uncertainty' in '24
November 15, 2023 13:00 - 1 hour - 55.5 MBT. Rowe Price issued its outlook for 2024 on Tuesday and Blerina Uruci, the firm's chief US economist, says that while she expects slower growth, "but I am not seeing a red flag here that indicates a recession is in the cards." She notes that forecasting has become harder in the post-COVID environment, making the margin for error higher, especially with the Federal Reserve still having work to do to bring inflation down, which "will keep uncertainty elevated for 2024." Uruci expects respecta...
Hennessy's Ellison: The economy 'is stronger than people believe it is'
November 14, 2023 13:00 - 58 minutes - 53.6 MBDavid Ellison, portfolio manager for the Hennessy Large-Cap and Small-Cap Financial Funds, says the struggle for banks will be "what's going to happen on the credit side as these loans re-price with the higher rates." Ellison says the economy's current strength is a function of what has happened over the last three decades, which has made the economy "stronger than people believe it is," which is why indicators like the inverted yield curve may not be accurate and functional now. Also on the...
NDR's Clissold: Choppy markets ahead, but no 'nasty bear market'
November 13, 2023 15:18 - 53 minutes - 49.5 MBEd Clissold, chief US strategist at Ned Davis Research, says he expects a choppy market through the first half of 2024, but says the market won't uncork an ugly bear market without a significant recession, which he does not currently expect. That said, the volatility and the economic conditions should help the "SHUT stocks" -- staples, health care, utilities and telecom -- which are defensive, dividend-oriented plays, currently "the most oversold they have ever been." If interest rates drop ...
Cresset's Ablin: Overvalued markets today will lead to muted gains in '24
November 10, 2023 15:34 - 59 minutes - 54.4 MBJack Ablin, chief investment officer at Cresset Capital Management, says that the "hurricane" of bad economic numbers investors expected in 2023 could be a "gale force wind" in 2024, which is "something we can adjust to," which should help keep an economic downturn to a modest amount of time. Still, Ablin says that the technology sector is trading at 47 percent premium on a relative forward P/E basis to the rest of the Standard and Poor's 500, and history suggests that condition will lead to...
IBKR's Torres: Recession is coming in '24, but it'll be short and mild
November 09, 2023 13:59 - 1 hour - 55.9 MBJose Torres, senior economist at Interactive Brokers, says that America remains the best country in the world to do business in, which is going to maintain "a basement" that the economy will not slip past when it loses some steam early next year. "The consumer has assets and has jobs, and those two things will keep the economy doing all right," he says in The Big Interview. Tom Lydon, vice chairman at VettaFi, pursues really big dividends with his pick for the ETF of the Week. Claire Martin...
3EDGE's Folts: With U.S. markets overvalued, favor foreign stocks
November 08, 2023 13:30 - 58 minutes - 80.4 MBFritz Folts, chief investment strategist at 3EDGE Asset Management, says the domestic stock market "Has to go down a lot more from here to be considered at fair value," which is why he has more money working in international stocks, particularly in Japan, where markets are more fairly valued and central bankers have not had to tighten up monetary policy the way the Federal Reserve has had to in the U.S. He gives his most optimistic, pessimistic and realistic look-aheads to 2024. Ron Lieber, ...
Janney's Luschini: Expect the 2023 recession to arrive in '24
November 07, 2023 14:28 - 59 minutes - 54.7 MBMark Luschini, chief investment strategist for Janney Montgomery Scott, says that the economic downturn everyone saw as happening this year wound up being postponed for solid economic reasons, but it hasn't been canceled and more likely just pushed back into 2024. Luschini says investors should be defensive, taking advantage of higher bond yields and not being sucked into low valuations on international investments, staying balanced but not too aggressive until the economy and market are on ...
U.S. Global's Holmes: Santa's coming, and will kick off a good year in '24
November 06, 2023 13:45 - 1 hour - 57.3 MBFrank Holmes, chief executive at U.S. Global Investors, says he believes interest rates have peaked, and that the economy will turn around in six months as rates start to fall, but he also believes there is plenty to carry the stock market in the short-term with the Santa Claus rally propping things up by year's end as gas prices start falling, with rate cuts also coming then to help boost the economy and the recovery. Also on the show, David Trainer, president of New Constructs revisits som...
Sit Investment's Doty: Fed is done, and a big bond opportunity is here
November 03, 2023 14:18 - 1 hour - 57.3 MBBryce Doty, senior portfolio manager at Sit Investment Associates, says he believes the Federal Reserve has finished hiking rates, even though it hasn't announced it. He looks at the clues in chairman Jerome Powell's remarks, and notes that this inflection point has bond yields at a great spot, noting "I can't remember a time when the real yield was as attractive as it is now." He's not the only one seeing opportunity in bonds, as Willie Delwiche of HiMount Research talks technicals and sees...
Alera's Webster: Soft landing will drop rates and fuel future market tailwinds
November 02, 2023 13:38 - 1 hour - 55.7 MBBJ Webster, chief investment officer at Alera Group Wealth Management, says he does not expect the economy to have a hard landing, and while there will be discomfort, investors will survive a downturn and will see slower growth that brings down interest rates, which in turn will help to give a boost to any subsequent recovery. Webster notes that if the Federal Reserve is done hiking rates while other central banks are continuing to raise interest rates, international markets might benefit fr...
In today's rocky markets, cash is an asset-allocation choice
November 01, 2023 14:51 - 59 minutes - 54.4 MBPeter Crane, president of Crane Data -- which publishes the Money Fund Intelligence newsletter tracking the performance of money market mutual funds -- says that high interest rates should have investors thinking about where to park and protect their cash, and to treat their cash holdings as an asset rather than an after-thought in the investment plan. He also discusses the likely path of money fund rates based on the Fed's moves. In The Book Interview, Victor Haghani, co-author of "The Miss...
Vineyard's Samuelson: Deteriorating technicals are signaling trouble ahead
October 31, 2023 14:05 - 59 minutes - 81.9 MBTom Samuelson, chief investment officer at Vineyard Global Advisors, says that the market is showing signs of breakdown, and while you can still find one or two indicators that are positive, the bearish signs are out and suggesting that there's a downturn coming, though he thinks the decline will stop short of being a "hard landing." Also on the show, Roraj Pradhananga, director of research at Veris Wealth Partners, a sustainable investment firm, talks about how current global conflicts are ...
Wellington's Khurana: A Fed pause, and why you shouldn't settle for cash now
October 30, 2023 13:27 - 1 hour - 85 MBBrij Khurana, fixed income portfolio manager at Wellington Management, says he expects the Federal Reserve to pause in its rate hiking cycle at its meeting this week, though that doesn't mean there won't be another rate increase at the next meeting if conditions warrant it. And under current conditions, Khurana says he is frequently asked why to go with bonds when cash can generate nice returns in bank certificates of deposit, to which he notes that bond prices are cheap right now, making th...
Janus Henderson's Hetts: Head down, stay 60-40, ride out recession
October 27, 2023 11:22 - 1 hour - 82.9 MBAdam Hetts, global head of multi-asset at Janus Henderson Investors, says the economy is somewhere between a soft and hard landing, but that anyone expecting a mild recession should watch for it to last about nine months, but with the market bottoming out typically a few months before the recession ends, investors will want to stay the course through the bear market trough, rather than moving into cash to get the high current yields and play defense. With lower expected stock returns and imp...
Raymond James' Adam: Short recession starts '24, but you'll want to buy into it
October 26, 2023 14:40 - 58 minutes - 81 MBLarry Adam, chief investment officer at Raymond James, says he expects a recession at the start of next year, but he's not nervous about it because much of the damage is already priced in and the downturn is likely to last six months, rather than the 10 months of an average recession. Moreover, with the stock market typically bottoming four to six months before a recession ends, Adam says investors may want to be buying in while the downturn is in mid-swing. Adam currently favors technology,...
Strategic Frontier's Goerz: This is 'an intermittent recession'
October 25, 2023 13:54 - 58 minutes - 80.4 MBDavid Goerz, chief executive officer at Strategic Frontier Management, says it seems "like we're muddling along at zero and sometimes we're in recession and sometimes we're not." It feels like a recession, he notes -- and it has had almost all of the key statistics at various times -- but without the unemployment issue or any big stock market correction. Goerz expects lower growth for the market moving forward, and urges safety and defense in building portfolios now. Also on the show, Tracey...
Generating a yield on gold, the wild Jamaican stock market, and much more
October 24, 2023 13:15 - 1 hour - 86.6 MBMoney Life wraps up the 20 interviews of FinCon. A gathering of financial content creators and fin-tech entrepreneurs held in New Orleans last week - with Benjamin Nadelstein of Monetary Metals talking about how to generate yield on your gold holdings, Logan Smyth of the TRADR Market Analytics app on technical analysis, Kalilah Reynolds discussing the ups and downs of the Jamaican Stock Market, Jenni Sisson on how inflation is hitting the foot soldiers of the home front, and Joe Saul-Sehy of...
How bank CDs, alternative investments and a frugal mindset deal with inflation
October 23, 2023 13:36 - 1 hour - 89.6 MBIt's the third day of interviews taped at FinCon in New Orleans -- an annual gathering of financial content creators -- and one big focus of the conversations is inflation. That will be a big part of conversations today, when the interviews start with Jen Smith of the Frugal Friends podcast, moving into a chat with Scott Carson from The Note Closers Show and -- after a break to talk personal finance with David Zaegel from the Retire With Confidence podcast -- inflation is a big part of the ...
Dividends, military money, and getting 'out of the pot' at FinCon
October 20, 2023 13:58 - 1 hour - 94.6 MBIt's Day Two of Money Life at FinCon, and Chuck again explores the rich tapestry of the financial world talking about the business of podcasting with Virginia Elder of Podcast Abundance, improving the financial awareness and habits in the Hispanic culture with financial educator Dario Martinez of Sal de la Olla, stock investing with CPA Mark Roussin -- the "Dividend Seeker" on YouTube -- the financial difficulties and differences of America's service men and women with Lacey Langford of the ...
Sell shareholder votes, a new way to refi a mortgage and more!
October 19, 2023 14:24 - 51 minutes - 71.5 MBMoney Life goes to the Fin Con Expo this week, with Chuck in New Orleans at the annual gathering of financial content creators, which is a mix of bloggers, podcasters, freelance writers, fin tech companies and forward-thinking financial minds, and you will hear from Preston Yadegar of Shareholder Vote Exchange (a company helping investors sell the votes on their shares), David Edey of the Executor Help podcast, Anthony Rushing of First Loan HELOC (which is working to help investors use credi...
Chuck unveils his plans for 'Trade or treat 2023'
October 18, 2023 13:24 - 1 hour - 83.7 MBFor years, Chuck has offered the kids in his neighborhood a chance to pick cash or candy, to decide between a trade or a treat. Every Halloween, however, Chuck tweaks the game, making a few subtle changes to keep things interesting for him and the kids. This year, he is changing something he never expected to change, ever, and he talks about how Halloween will work at his house -- and maybe yours if you follow suit -- come Oct. 31. Plus, Andrew Krei, co-chief investment officer at Crescent G...
Asbury's Kosar: 'This is a big support level,' bet on the market now
October 17, 2023 13:11 - 1 hour - 83.8 MBJohn Kosar, chief market strategist at Asbury Research, says the stock market hit a key support level at the beginning of October, which typically has been triggering market rebounds. As a result, he sees current conditions as a "low-risk, high opportunity" place to put money to work in the market now. Mary Ryan, senior wealth advisor at The Vanguard Group, discusses the firm's research showing that investors who have the option of contributing to a health-savings account can goose their lon...
ICON's Callahan: 'We're in a new market now'
October 16, 2023 13:33 - 1 hour - 84.3 MBCraig Callahan, founder and chief executive officer at ICON Advisers and the ICON Funds, says that he's not seeing the overpricing you'd expect at a market peak or the bargains visible in typical market bottoms, so he expects the market to "drift higher" over the next six to nine months. But those gains will be led by different stocks and sectors than what drove the market to gains earlier this year. Callahan says the market has turned since May 31, with energy leading, and economically sens...
Johnson's Andrew sees 'more negative outcomes than positive ones'
October 13, 2023 13:52 - 1 hour - 83.1 MBBrian Andrew, chief investment officer at Johnson Financial Group, sees more potential negative economic outcomes than positive ones, ranging from a likely recession to possible stagflation, which should keep investors cautious but looking for opportunities in the year ahead. While he worries about the troubles ahead -- particularly with two wars in the world right now -- Andrew says he does not expect a deep global recession, but something more isolated and affecting some pockets of the mar...
Manulife's Thooft: Underweight U.S. stocks until you see 'value destruction'
October 12, 2023 14:18 - 1 hour - 85 MBNate Thooft, chief investment officer at Manulife Investment Management, says that the strength of domestic stocks has been such that they are overpriced relative to international issues, which is why he has been light on U.S. equities of late. Thooft expects equity conditions to change at some point in the next year as a recession sets in, bringing with it "value destruction" that . Once that happens and there's been some "value destruction," it will be time to be more excited about stocks,...
Fiduciary Trust's Sanchez: Bonds are the value play now
October 11, 2023 14:24 - 57 minutes - 79.2 MBRon Sanchez, chief investment officer at Fiduciary Trust Company International, says that stock valuations are running high right now, making it that "the compensation for equity isn't nearly as good as it has been for the better part of a decade," which has made fixed-income investments look like a better bargain. Moreover, while Sanchez is calling for a soft landing economically and believes that the Federal Reserve is done raising interest rates, it is creating opportunities for bond inve...
ITR's Luce: This economy is setting up a depression for the 2030s
October 10, 2023 13:23 - 1 hour - 85.7 MBPatrick Luce, economist at ITR Economics, says that current economic trends are building a storm that will result in a depression in the 2030s, and a small recession next year, but he notes that investors should treat the 2024 decline as a buying opportunity, positioning themselves for the market to pick up before the big trouble comes in the next decade. And while Luce sees that big event damaging portfolios, he notes that prepared investors will build portfolios leading up to it, and be po...
Via Nova's Gayle: It's the bond-buying opportunity you've been waiting for
October 09, 2023 13:11 - 1 hour - 83.3 MBAlan Gayle, president of Via Nova Investment Management, says that the current negativity around the bond market has hidden "the opportunity [longer-term investors] have been waiting for," noting that government and investment-grade corporate bonds are now delivering the kind of yield that -- after years of bonds paying nothing -- can help achieve long-term income goals. Gayle does not believe a recession is happening soon, but as consumers lose strength -- and they have since the start of t...
BCA's Gertken: Political instability will cost American investors
October 06, 2023 13:03 - 1 hour - 88.1 MBMatt Gertken, chief strategist, global and U.S. political strategy at BCA Research, says that higher levels of leadership uncertainty lead to lower stock prices, and that the peak polarization in U.S. politics has taken the government's eyes off the ball when it comes to the actions of Russia and China, which could lead to policy mistakes and real costs on Americans in the global marketplace. Gertkin explains that the political gridlock is not all bad news for investors, noting that it restr...
TruStage's Rick: A 'growth recession' has been pushed into late 2024
October 05, 2023 13:38 - 58 minutes - 80.2 MBSteve Rick, chief economist at TruStage, expects the economy to slow in 2024 -- resulting in "a growth recession" rather than a traditional full-blown economic meltdown -- likely staving off a major stock market decline. Rick says he has heard from more nervous bank and credit union top dogs who are scared about economic conditions than at any time in his 30 plus year career and he worries that a slowdown in lending could be a trigger for something bigger and worse than he currently expects....
Glenview's Stone: Stocks can overcome yield hurdle with better earnings
October 04, 2023 13:54 - 59 minutes - 82.3 MBBill Stone, chief investment officer at Glenview Trust, says that third-quarter earnings season is likely to be where the market turns the corner to get positive year-o-ver-year comparisons, which may help the market get past the hurdle of higher interest rates and higher yields which has been a big reason why the market has struggled to have a broad-based rally this year. Stone says recession has been delayed, not canceled, though it could be well into next year before that happens. Also on...
Talon's Grimes: Expect all-time highs, then 'a very significant selloff in stocks'
October 03, 2023 14:22 - 59 minutes - 82.1 MBAdam Grimes, president of Talon Advisors, says in the Talking Technicals segment that he expects "strength coming into the end of the year," with the stock market re-touching and potentially breaking all-time highs, but "from that point, I will get pretty defensive" because of the "very significant selloff" he expects in stocks. Grimes notes that he expects a protracted bear market for stocks, which doesn't change his long-term positive outlook for equities but which he says will hurt invest...
New Constructs' Trainer: Stock that doubled this year isn't out of the Danger Zone
October 02, 2023 13:50 - 59 minutes - 82.5 MBDavid Trainer, founder and president at New Constructs, says that Affirm Holding's gains this year -- the stock has more than doubled year-to-date -- have fooled investors into thinking there might be value in the purveyor of buy now, pay later programs, so he put the company back in "The Danger Zone" for the third time in three years. Trainer noted that the stock -- despite this year's gains -- is down more than 80 percent from when he first said it was headed for trouble in 2021, and he s...
Piper Sandler's Johnson predicts a 12 percent market gain by year-end
September 29, 2023 14:02 - 1 hour - 83.3 MBCraig Johnson, chief market technician at Piper Sandler, says "the trend between here and year-end is up, and 4,825 [on the Standard and Poor's 500] is my objective, and he expects the rally to broaden -- moving beyond the Magnificent Seven that have led to this point in the year -- and spreading into small- and mid-cap stocks. Chris Huemmer, senior client portfolio manager, at Flexshares, talks about why he believes real assets and natural resources play are important to help balance out a ...
Crossmark's Fernandez: Elements of a soft landing 'are not in play right now'
September 28, 2023 13:45 - 1 hour - 84.8 MBVictoria Fernandez, chief market strategist at Crossmark Global Investments, says it typically takes about a year from the start of a rate-hike cycle to impact the revenues of companies and then another nine months before layoffs and other fallout hits home. She says soft landings require increases in government spending, banks to ease lending requirements and labor costs coming down, and those factors aren't in the cards. Coupled with higher energy costs, the continuing strain on consumers...
John Hancock's Roland: The buying opportunity now is in bonds
September 27, 2023 13:49 - 1 hour - 86.2 MBEmily Roland, co-chief investment strategist at John Hancock Investment Management, says that there is a lot of value opening up in fixed income, allowing bonds to do "more heavy lifting" in a portfolio than in recent years. She notes that bonds will ride out the choppy market until a recession sets in and yields fall precipitously, at which point bond prices will rise, goosing returns amid an economic contraction. Roland made it clear she does not believe in a no-landing" outcome, but she s...