Money Life with Chuck Jaffe

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3Edge's Folts: Markets are 'as overvalued now as they ever have been' Mar 09, 2021

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Fritz Folts, chief investment strategist at 3EDGE Asset Management, says while there are many reasons to be confident in the stock market, he worries that the plusses already have been priced in to current levels, especially because he thinks the market at current levels is significantly overvalued and that interest rates would have to stay as low as they are now for the next decade for prices to be considered fairly valued. Jeffrey Hirsch of the Stock Trader's Almanac agrees that the stock market may have priced a rebound into current levels, but that means that the standard calendar effects -- like summer doldrums when the market moves sideways -- are likely to be in play again this year, a sign that things are returning more to normal. Also on the show, Steven Grey of Grey Value Management talks about valuations and the ability to make great buys right now in the Market Call.

Morningstar's Caldwell: Expect booming economic growth in the return to normal Mar 08, 2021

Show notes

Preston Caldwell, senior equity analyst and head of U.S. economics at Morningstar Inc., says that coming out of the pandemic he expects gross domestic product (GDP) to hit 5.3 percent this year, to remain above 4 percent in 2022 but to decline to pre-pandemic -- and slowing -- levels of 2.2 percent by 2023, a burst that will propel the economy but that is not too long-lasting. In a second Big Interview, Matt Hougan, chief investment officer at Bitwise Investments, talks about the state of cryptocurrencies now, discussing the ongoing evolution involving funds, thoughts on portfolio allocations, the ability to spend crypto and more. Also on the show, Chris Manderfield of Key Bank discusses how and why filing your taxes this year is going to feel different than possibly every other tax year in your lifetime, and David Trainer of New Constructs talks about three stocks -- Uber, Door Dash and Carvana -- that he says are more dangerous now despite good, recent earnings reports.

Samana says equity movement plus low rates are making for solid technical trends Mar 05, 2021

Show notes

Sameer Samana, senior global market strategist for the Wells Fargo Investment Institute, says that the technical outlook for the market is good, and likely to stay that way with low rates and a long upward equity trend. He noted that investors are being selective right now, looking for the biggest returns in areas that can stand out from the pack in current times, which is why gold has suffered in recent weeks despite conditions that should be positive for precious metals. Also on the show, legendary fund manager Paul Wick returns to discuss his closed-end fund -- Columbia Seligman Premium Technology Growth -- and whether investors should use that fund as a way to get his acumen on sale, Colin Dunn of the Cambiar SMID fund talks the atmosphere for small- and mid-cap investments now, and David Harden of Summit Global Investments covers low-volatility investing in a high-volatility market in the Market Call.

Inflation is creeping up, but that's not the reason to buy gold now Mar 04, 2021

Show notes

George Milling-Stanley, chief gold strategist at State Street Global Advisors, says that the recent blip in inflation isn't enough to send gold much higher soon, though it should have reminded investors of the precious metal's value as a hedge against inflation. He thinks that will be more valuable going forward, but said that there's still plenty of reasons to have a gold position and to expect it to perform now, despite a recent drop in gold's price. Also on the show: Tendayi Kapfidze, chief economist at LendingTree discusses why he thinks the economy will show strong growth moving forward, but also how it must show that significant improvement or it will be regressing and struggling to overcome pandemic-related traumas; Tom Lydon of ETFTrends.com puts the focus on small-cap value stocks with his ETF of the Week, and Chuck answers audience questions about bitcoin with some help from Matt Hougan of Bitwise Investments.

Brusuelas sees generational growth ahead for the economy Mar 03, 2021

Show notes

Joseph Brusuelas, chief economist for RSM, says the economy will boom in the next year or two in ways 'you haven't seen since the late Reagan Administration.' But even though the economy will fire on all cylinders, he says it will not return to the pre-pandemic status quo, with 'permanent economic scarring' in some sectors and in employment that could last for many years. Also on the show, Patrick O'Hare, chief market analyst for Briefing.com, says that he expects the stock market to be on solid ground moving forward, but he warned that investors should expect returns that are below historic levels as the market slows to allow the economy to catch up. In Left Brain Thinking, Brian Dress, director of research at Left Brain Investment Research, discusses the high-yield bond market and how yield-driven investors need to include high-dividend stocks and business-development companies in their search for income.

Invesco's Hooper: Expect a strong economic rebound later this year Mar 02, 2021

Show notes

Kristina 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 Michael Sincere, first on where the market stands right now and then on his new book, 'Make Money Trading Options," and Bill McManus of Hartford Funds discusses the firm's recent survey which shows changing sentiments and ambitions for investors -- especially young investors -- in the wake of the Gamestop action on Wall Street.

Fund legend Wick says to change long-run hopes for tech stocks Mar 01, 2021

Show notes

Paul 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 on the show, Ken Tumin discusses a MagnifyMoney.com study showing that investors are giving up on savings bonds and certificates of deposit, David Trainer of New Constructs highlights the troubles ahead for Spotify and suggests investors look at Sirius-XM instead, and Dan Ives of the Wedbush ETFMG Global Cloud Technology ETF offers an extra helping of technology talk in the Market Call.

Rising rates are 'most impending danger' to market Feb 26, 2021

Show notes

Neil 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, Amazon Rising,' and Jay Hatfield, chief executive officer of Infrastructure Capital Advisors, who discusses income-oriented stocks and real estate investment trusts in the Market Call.

GMO's White: Expect a good year for fossil fuels but better for energy alternatives Feb 25, 2021

Show notes

Lucas 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 Wall Street Craze, and Brent Wilsey of Wiley Asset Management talks stocks in the Market Call.

Franklin Templeton's Dover: Stocks and bonds are overvalued, but stick with them Feb 24, 2021

Show notes

Stephen 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 Research discusses when and why investors might want to convert traditional individual retirement accounts into tax-free Roth IRAs, and Jack Murphy of Levin Easterly Partners talks value-oriented, event-themed investing in the Market Call.

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