Money Life with Chuck Jaffe

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BMO's Kimball: 'Everyone is talking about the Fed too much' Aug 26, 2021

Show notes

Scott Kimball, head of US fixed income at BMO Global Asset Management says investors need to recognize that the Federal Reserve is taking away emergency provisions, which should not threaten risk markets the way they feel threatened right now. With the Fed remaining cautious, Kimball says that inflation is likely to remain elevated, but not get to the runaway level. As a result, he expects that 2022 will prove that the inflationary talk right now has been early. Also on the show, Tom Lydon of ETFTrends.com calls out a classic fund that has now been newly repacked in an exchange-traded wrapper as his ETF of the Week, Ken Tumin of DepositAccounts.com discusses how a majority of Americans would be happy to never go back to a physical bank again, and the Market Call revisits a recent chat with Ivana Delevska of SPEAR Invest.

NY Life's Yoon: Plan on inflation and higher interest rates Aug 25, 2021

Show notes

Jae Yoon, chief investment officer at New York Life Investment Management, says that he is worried about how much higher the market can go from here with valuations at or near record highs, but he believes investors can be confident about investing globally and adding emerging markets and developed Europe for growth. Yoon believes the 10-year Treasury bond will be in the 1.5 to 2 percent range by the end of this year or early next year, and says investors need to react to that, tilting towards value and small-cap stocks and shying away from technology stocks. He says that how the rate and inflation picture play out will decide the market's ability to continue rising and avoiding trouble. Also on the show, author and blogger Shannon Bush talks about 'Redefining Rich' and changing the way you value things in your life, we revisit a recent chat on technical analysis with Adam Grimes of Talon Advisors, and Ted Rossman of CreditCards.com joins Chuck to answer an audience member's question about how and why treating their credit seriously and doing the right things hasn't resulted in a near-perfect credit score.

Crossmark's Fernandez: We won't see 'normal' for another 12-18 months Aug 24, 2021

Show notes

Victoria Fernandez, chief market strategist at Crossmark Global Investments, says the recovery has created a solid foundation for the market to do well, despite increased choppiness that may be fueled in part by the shifting numbers and the strained year-over-year comparisons. With the heightened volatility, Fernandez says investors need to double down on their diligence, becoming more particular about individual securities and looking for solid balance sheets that can withstand volatility over the rest of the year and into 2022. Also on the show, author David Sumpter talks about 'The Ten Equations That Rule the World,' and Chuck answers three questions from audience members with varied concerns about their portfolios.

Look for stodgy dividend payers that have missed out on the bull market Aug 23, 2021

Show notes

Broan Bollinger, president of Simply Safe Dividends, says that the stock market's rise to record highs has created challenging valuations for income-oriented stocks, but he maintains that there are issues that are steady, boring names that have missed out on much of the rise and remain reasonable values today. In the Market Call, Bollinger discusses the importance of dividend safety and the relative certainty of the income stream in income-generating stocks. Also on the show, Greg McBride of Bankrate.com discusses the site's recent survey showing how few Americans are taking advantage of low mortgage rates to refinance, in many cases because they don't know the rate they are paying now, David Trainer of New Constructs revisits and reiterates three Danger Zone picks in DID, COMP and TSLA, noting that two of those selections have been successful while the most famous third selection has continued to defy gravity. And the Book Interview goes 'In Pursuit of the Perfect Portfolio,' with the book's co-author Stephen Foerster discussing investing legends who got it right and who are strategic role models for millions of investors.

Good yields on dividend stocks are hard to come by Aug 20, 2021

Show notes

Marc Lichtenfeld, chief income strategist at The Oxford Club, says that lower-for-longer interest rates and bond yields that have had investors turning to dividend-paying stocks have helped push valuations to where investors are having a tough time getting good payouts, and that they might want to cast a jaundiced eye to investments where the yield is out of line with the market right now because companies that are unblemished are trading at premium levels, so the only bargains have some warts to worry about. Also on the show, Roxanna Islam of Alerian and S-Network Global Indexes discusses why closed-end fund distribution rates have been so high, even as most yields in investing are down, Kamaron McNair of MagnifyMoney.com talks about a survey in which a surprising number of respondents admit regrets over impulsive behavior -- including trading while intoxicated -- and Rob Lutts of Cabot Wealth Management talks about stocks and building a sound portfolio in the Market Call.

The market -- and gold -- are saying that inflation isn't coming Aug 19, 2021

Show notes

Thomas Winmill, manager of the Midas Fund, says that gold is where investors go to preserve capital when they think inflation is coming, and the underperformance of gold would suggest that investors think that rising consumer prices are temporary. Winmill notes that there has been inflation in housing and health care and in other key areas, as well as in commodities like aluminum, copper and cobalt - but not in precious metals. Still, he says that gold miners are attractive now as they are appreciating faster than equities and beyond inflation right now. Also on the show, Tom Lydon of ETFTrends.com makes a small-cap fund his 'ETF of the Week,' Mike Brown of Breeze discusses trends in voluntary insurance coverage and which groups are not protecting themselves against catastrophe, particularly in healthcare. And in the Market Call, Jordan Waldrep of Truemark Investment management talks low-volatility dividend investing.

Market will be up in a year, but the ride to that peak will be bumpy Aug 18, 2021

Show notes

Michael Power, strategist at NinetyOne, says that stock market valuations are stretched and bond yields are unsatisfying, but investors have no place else to go but the domestic markets. He expects a sell-off and downturn, but to end quickly. Ultimately, he believes investors will like the progress made over the next year, even though they will have to suffer through heightened volatility to reach that good news. Also on the show, Freddy Garcia of Left Brain Wealth Management discusses financial advisers who don't or won't put individual stocks into client portfolios, and Doug Cartwright, portfolio manager of the Buffalo Early Stage Growth (BUFOX ) talks small- and mid-cap investing in the Market Call.

Economist Silber: There's power in having nothing to lose Aug 17, 2021

Show notes

Economist William Silber says that when investors have downside protection and the potential for limited losses against big possible gains, it is time to be a gambler and to be a little reckless. Silber whose new book out this week is 'The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business,' discusses the times when gambles and risk-taking make sense, though he notes that most of those speculations are more for entertainment than for building wealth. Also on the show, Rita Assaf of Fidelity Investments, discusses the firm's latest survey of parents on students on changing college-savings and planning, Chuck answers a question about the appropriateness of default choices in retirement plans, and Ivana Delevska, founder of SPEAR Invest, talks industrials and industrial-technology stocks in the Market Call.

Zacks' Blank: FAANG stocks will keep the market rolling Aug 16, 2021

Show notes

John Blank, chief equity strategist and chief economist for Zacks Investment Research, says that valuations are high, but that the Standard and Poor's 500 is buttressed against a downturn by its biggest members -- the famed FAANG stocks plus Microsoft and one or two others -- that have price/earnings ratios of higher than 25, higher than the index p/e of 20. 'We have never had seven companies make up a quarter of [the index],' Blank says, 'and we have never had those seven companies driving 25 or 30 percent annual earnings increases.' Also on the show, Ted Rossman of CreditCards.com talks about back-to-school spending this year, and how more than one-third of all parents are feeling pressured to overspend this year, David Trainer of research firm New Constructs takes a bite of Beyond Meat and chews on the hot stock in the Danger Zone, and Tony Minopoli, president/chief investment officer at Knights of Columbus Asset Advisors makes his debut in the Market Call, talking stocks and stock-picking.

Talon's Grimes: Position aggressively in the direction of a strong upside move Aug 13, 2021

Show notes

Technical analyst Adam Grimes, president of Talon Advisors, says that he is generally bullish about the market right now, and that it 'would take a lot' to make him move to the short side and bet against the market. Instead, he anticipates a strong market move to the upside and says investors should be moving money aggressively to take advantage of buying opportunities. Also on the show, Mike Taggart of Taggart Fund Intelligence discusses the current state of closed-end fund consolidations and how two ongoing deals aren't particularly good for shareholders, and yet those individual owners have mostly allowed the deals to continue. And in the Market Call, Sandy Villere III of the Villere Funds talks about how he is maintaining balance -- and holding a little more cash than normal -- given current market conditions.

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