Money Life with Chuck Jaffe

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Calamos' Niziolek: US likely to follow recovery curve being seen in China, Korea Apr 08, 2020

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Nick Niziolek, co-chief investment officer at Calamos Investments, has been watching how China, Korea and emerging markets are recovering from the coronavirus pandemic, and while he is not expecting a snap-back globally, he calls the progress and the speed of the recovery 'encouraging,' and says he expects to see similar progress domestically as the US moves through the viral cycle. Niziolek notes that the impacts of the virus and the changes it creates int he economy could affect and change the market and specific industries for decades. Also on the show, Francesca Ortegren of Clever Real Estate talks about how the mortgage market changes -- and where consumers stand in their mortgages -- now as compared to the recession of 2008, Chuck answers an audience question about a big dividend-paying stock, and Kathy Boyle of Chapin Hill Advisors talks exchange-traded funds in the Market Call.

ClearBridge's Schulze: It will be a deep recession, but not a 'Great Depression' Apr 07, 2020

Show notes

Jeff Schulze, investment strategist at ClearBridge Investments, says his company's 'Recession Risk Dashboard' shows that the economy is now fully in recession territory and that it could be the worst recession ever, but he notes that thanks to policy response, it will not become a depression. While he expects recovery to take a little longer than many expect -- just because the market will want to be sure the black swan event of coronavirus has ended before committing to a return to buying -- Schulze says a strong recovery is part of the outlook. Also on the show, Dan Zanger of ChartPattern.com says he's not ready to buy into this market with much conviction, Matt Zajechowski of Digital Third Coast talks taxes and procrastination, and absolute value manager Brian Frank of the resurgent Frank Value Fund talks stocks in the Market Call.

Ally Invest's Bell: 'The impact of this virus on our economy will be immense' Apr 06, 2020

Show notes

Lindsey Bell, chief investment strategist at Ally Invest, says in the Big Interview that with experts warning about how bad the next few weeks could be from the standpoint of spreading the coronavirus, it leaves investors waiting to see just how deep and how long a resulting recession will be, and what the recovery side of this picture will look like. Despite that cautious talk, Bell notes that when the market drops 30 percent or more, it is presenting a compelling chance to put money to work. Also on the show, Susan Tillery of the American Institute of Certified Public Accountants talks about the emotional impacts of elder fraud, David Trainer of New Constructs warns about exchange-traded funds paying exceptionally high dividends, and Kevin Miller of the E-Valuator Funds talks funds and ETFs in the Market Call.

SmartPortfolio's Welsh: Expect a big leg down before the market truly rallies Apr 03, 2020

Show notes

Jim Welsh, portfolio manager at SmartPortfolios, says that in the standard bear market, there is a 'reflex rally,' which is what he feels the market has been going through for roughly the last week, but that the stock market typically can't hold that rally for long before testing new depths. That's why he believes another significant drop lies ahead -- on that could shave nearly 400 points off the Standard and Poor's 500 -- before the real rally begins. Long-term investors with a five-year or longer horizon should ride the market out, Welsh notes, but short-term monies need to be protected. Also on the show, Robert Michaud from New Frontier Advisors discusses the need to be fully diversified coming through troubling market times, Cheryl Pate of Angel Oak Capital discusses community banking investments in closed-end funds, and Martin Leclerc of Barrack Yard Advisors discusses his disciplined approach to stocks in the Market Call.

IAA's Zaccarelli: 'Everything will get better from here,' but maybe not back to normal Apr 02, 2020

Show notes

Chris Zaccarelli, chief investment officer at the Independent Advisor Alliance, says that the economy and the stock market are poised to improve from current levels -- although he is not yet ready to call the decline a market bottom and won't try to time one -- but he warned that 'better' could be only part way back to 'normal.' He did say the market ultimately will be higher, though he said it's impossible to know if that will happen in a year, two years or further down the road. Also on teh show, Tom Lydon of ETFTrends.com has a choice that could help rebalance risk as his ETF of the Week, Sarah Berger of MagnifyMoney.com discusses the disconnect between retirement savers' hopes and their actions, and Ken Mahoney of Mahoney Asset Management makes his debut in the Market Call.

QCI's Shill: Time to take the air bags off and look for buys Apr 01, 2020

Show notes

Ed Shill chief investment officer at QCI Asset Management, says in the Market Call that as the market has moved from overbought in January to dramatically oversold in March, investors should have started looking for opportunities to buy and take small steps to take money off the sidelines and start taking advantage of the bargains. Also on the show, Paula Fleming of the Better Business Bureaus talks about increasingly popular -- and dangerous -- cryptocurrency scams, Bruce Bond of Innovator ETFs discusses defined-outcome investing and how it has held up in the down market, and Mike Brown of LendEDU.com covers Americans' financial condition as they entered the shelter-at-home economy.

Interest rates in the US will remain near zero, could go negative Mar 31, 2020

Show notes

Steve Friedman, senior macroeconomist at MacKay Shields, says the global fixed-income picture is such that investors are going to see rates near zero and potentially going negative in the U.S., an unprecedented move that is necessary because 'the economy is coming to a sudden stop,' forcing central bankers to maintain liquidity and income investors to diversify broadly. Before that Big Interview, however, Mark Newton of Newton Advisors says the market's technicals indicate that the market's recent upswing tick is a 'short-term rally within an existing downtrend' meaning another leg down is in the offing, particularly if the market can't rally to and hold 2,792, a key support level on the Standard and Poor's 500. Also on the show, Ted Rossman of CreditCards.com talks about the existing level of credit-card debt faced by Americans entering the coronavirus economy and how that will hold challenges and change behaviors as financial pressures mount, and, in the Market Call, Eric Boughton of Matisse Capital says that closed-end fund discounts are at record levels, making 'nearly everything' a buy for investors who can stomach heightened risks.

TIAA's Keady: 'Stay the course' is still the best retirement-savings advice Mar 30, 2020

Show notes

Dan Keady, chief financial planner at TIAA, says that while investors are looking at their retirement savings and thinking they have been devastated, the market ultimately will help them catch up and recover, provided they don't try to get off the market rollercoaster mid-ride hoping to escape market risk right now. Also on the show, Mark Hamrick of Bankrate.com discusses survey results on how many Americans have skipped or done without medical care due to its cost, David Trainer of New Constructs puts high-risk dividend stocks in the Danger Zone, and Brian Bollinger of Simply Safe Dividends tries to help listeners find lower-risk payouts from stocks in the Market Call.

Zacks' Blank: The worst may not be over, but the best is yet to come Mar 27, 2020

Show notes

John Blank, chief economist at Zacks Investment Research, says that the market's reaction to the coronavirus public health crisis was foreseeable but overblown, and that strong earnings projections on tap for companies once conditions normalize make a strong rebound look inevitable. He makes the case that the current event-driven recession is not look like the structural recession of 2008, which is why it will be a much shorter event. Also on the show, Thomas Winmill of the Midas Fund discusses how gold has held up, and gives his take on a recent Goldman Sachs' comment urging people to buy gold as the 'currency of last resort,' Buck Klintworth of Chase Investment Counsel talks technicals, Rob Shaker of Shaker Financial covers big discounts in closed-end funds in The NAVigator, and Chuck explains why a fun thing he started with his daughter has the show picking today's theme music from 'The Love Boat.'

Sanchez: 'It's too late to sell, too early to buy' Mar 26, 2020

Show notes

Ron Sanchez, chief investment officer at Fiduciary Trust Co. International, says there will be three phases to the virus economy, and that we are still in the first, which is marked as a time with extreme uncertainty and anxiety. In phase 2, which he expects to start in two to four weeks, Schwartz expects to lose the extreme-ness of it all, but for the volatility to remain. Abate says he is waiting for more investment opportunities but that right now it's too late to sell and too early to buy. Also on the show, Tom Lydon of ETFTrends.com announces his ETF of the Week, Paula Fleming of the Better Business Bureaus of New England talks about coronavirus scams, and James Abate of the Centre Funds talks stocks in the Market Call.

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