Money Life with Chuck Jaffe

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Elliott Wave's Gilburt sees market gaining nearly 50 percent by 2023 Apr 20, 2021

Show notes

Avi Gilburt, editor of the Elliott Wave Trader, says that he sees the Standard and Poor's 500 having a summer rally -- after a small near-term pullback -- to finish the year at 4,600 and maybe slightly higher, but his long-term outlook is that the index will reach 6,000 by 2023. Also on the show, Steve Wendel, head of behavioral research at Morningstar, discusses new research on how the pandemic is affecting Americans' financial security, Matt Schulz of LendingTree talks about how fewer consumers were stashing their cash in March and whether the savings trends are changing as the economy reopens, and Hilary Kramer -- who oversees seven different investment newsletter -- returns to the Market Call for the first time in over two years to talk about stocks.

In post-pandemic world, investors need more commodities, alternatives and more Apr 19, 2021

Show notes

Tracie McMillion, head of global asset allocation strategy for the Wells Fargo Investment Institute, says that investors preparing for a post-pandemic stock market and economy will want to broaden their exposure to different equity asset classes and sectors, will need to be picky about fixed-income investments, but will also want to build up their holdings in commodities and add alternative asset classes and hedging strategies in order to ride out a world that is clearly rotating to new and different economic drivers. Also on the show, Phil Korenman, head of individual investors for T. Rowe Price, discusses the extra footnote the firm has put onto big one-year returns numbers telling investors just how unique the last 12 months have been, David Trainer of New Constructs puts another mem stock and retailer into the Danger Zone, and Eric Marshall of the Hodges Funds talks stocks in the Market Call.

RiverNorth's Galley on how the pandemic fueled the boom in SPACs Apr 16, 2021

Show notes

Patrick Galley, chief executive and chief investment officer at RiverNorth Capital Management and the RiverNorth Funds, does two interviews on today's show, one focused on closed-end funds -- which he believes represent a strong value in today's marketplace and which could be the way that investors changing their bond allocations look to goose returns -- and the other mostly on special-purpose acquisition companies, SPACs. He says that while SPACs have been the rage in the last year, the boom was pushed ahead by the pandemic, where the heads of private companies were looking for fast, efficient ways to go public in uncertain times, and he thinks SPAC activity will calm down -- but not go away -- as the pandemic recedes. Also on the show, Davis Martin of the SPY Trade of the Day talks technicals and how the market is mostly giving green lights right now, and Drew Horter of Tactical Fund Advisors discusses exchange-traded funds and tactical investing in the Market Call.

Madoff's dead, but lessons he taught us may live on forever Apr 15, 2021

Show notes

Diana Henriques, author of 'The Wizard of Lies: Bernie Madoff and the Death of Trust,' discusses the death of the man who was behind the world's largest investment fraud and the lessons that will forever be attached to his disgraced name. Henriques -- who corresponded with Madoff in prison up until 2017 -- gives her take on whether Madoff had any remorse for his crimes, whether he ever came clean about just what happened and why and more. Also on the show, Bruce Monrad of Northeast Investors Trust discusses fixed income and high-yield investments in a market environment with rates and inflation just hinting that they will be on the rise soon, and Tom Lydon of ETFTrends.com makes a small-cap value and momentum fund his ETF of the Week.

Commonwealth's McMillan: 'We're getting to the edge of the woods here' Apr 14, 2021

Show notes

Brad McMillan, chief investment officer at Commonwealth Financial Network, says the economy and stock market aren't completely out of the woods of the pandemic, but we can see the sunlight from here.He says the market has been backing and filling as stocks react to the lingering coronavirus news but also start to price in the reopening and the economic boost to come. Also on the show, Noland Langford of Left Brain Investment Research highlights a stock that has gotten a huge boost from the pandemic, but which he thinks will continue to grow impressively once normal life returns, Chuck answers an audience member's question on bond investing, and Jane Edmondson of EQM Indexes talks about lithium and battery-related stocks in the Market Call.

DoubleLine's Checcone: Value is poised to outgain growth, by a lot Apr 13, 2021

Show notes

Emidio Checcone, co-manager of the DoubleLine Equity Value Strategy, says that the recent value surge is just the start of what should be a long run where the value investment staples dramatically outperforms growth. Checcone notes that at the end of 2019, value was lagging growth by record margins, and that differential grew bigger by 35 percent in 2020 as the stock market took off. Now, Checcone sees value as bouncing back and notes that the recent outperformance by value -- which beat growth by 10 points in the first quarter and is up by about 7 points year to date -- seems 'pretty meager' compared to what he expects for months and years ahead. In the Market Call, Tucker Walsh of the Polen U.S. Small Company Growth Fund explains his firm's flywheel framework for finding stocks with outsized potential for gains. And Chuck starts the show by answering three questions from audience members.

Payden's Cleveland: 'The party is still going, the punch bowl is being refilled' Apr 12, 2021

Show notes

Jeffrey Cleveland, chief economist for Payden and Rygel, says he expects the Federal Reserve to continue its aggressive and accommodative monetary policies through this year and potentially all the way to 2023, and he notes that whenever there is strong earnings growth with an accommodative Fed -- like we have right now -- tend to be good years for the market. Also on the show, Howard Gold of MarketWatch.com discusses his recent column suggesting that investors will mostly want to remain invested in domestic stocks, David Trainer makes AMC Entertainment the latest in his breakdown of meme stocks that he finds particularly dangerous, and Chuck answers an audience-member's question about allocating assets in a college-savings program.

TrendStar's Turner: Market is having 'a beautiful party without many people here' Apr 09, 2021

Show notes

Technical analyst Toni Turner of TrendStar Group says she is worried that the market has gotten back to record highs but that it has done it on low volume, noting 'when you get this quiet feeling' where everything seems perfect, almost any bad news could be a catalyst to drive the market back to support levels. In the Big Interview, John Johnson of Edgeworth Economics talks about how hard it is to size up the coming economic recovery and to determine which sectors and industry might lag behind as the economy lurches forward. In The NAVigator segment, Keith Ashton of Ares Dynamic Credit Allocation Fund talks about collateralized loan obligations and other alternative credit types that can improve yields while balancing risks, and in the Market Call, it's Mark Sebastian of Karman Line Capital and OptionPit.com talking stocks.

U.S. Global's Holmes: 'Acceleration of inflation is baked into the system' Apr 08, 2021

Show notes

Frank Holmes, chief investment officer at U.S. Global Investors, says that inflation should be a key concern right now for investors and says that it is unavoidable given economic conditions, the massive government stimulus around the globe and more, but he doesn't think that inflation will derail the stock market because there will be strong economic growth for at least six months that will keep markets rolling. Also on the show, Tom Lydon of ETFTrends.com looks at net lease real estate investments with his 'ETF of the Week,' and Marketwatch columnist Brett Arends discusses how investors are living in a cycle where domestic stocks are popular because they are hot and hot because they are popular. In the Market Call, Simon Lack of SL Advisors talks energy and pipeline stocks.

JOHCM's Caputo: Prepare for inflation now, before it's too late Apr 07, 2021

Show notes

Giorgio Caputo, head of multi-asset strategies for J.O. Hambro Capital Management, doesn't expect a huge jump in inflation, but he warns that anyone waiting for proof-positive of inflation, there's a good chance that their bonds will be underwater before they decide how to react. Thus, it is time today to create resilient portfolios that can manage through the risk, which he says means rotating to areas of the market that can benefit from a rising-rate and rising-inflation environment. Also on the show, Brian Dress of Left Brain investment Research discusses tax-collection/compliance firm Avalara and why he thinks it is a long-term builder of wealth, Ed Carson of Investor's Business Daily discusses another big jump in monthly investor optimism levels, and Jeff Auxier, manager of the Auxier Focus Fund talks value investing in the Market Call.

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