Money Life with Chuck Jaffe

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Hightower's Morse: Public policy will drive the market to modestly better results Nov 13, 2019

Show notes

Andy Morse, senior partner at Morse, Towey and White Group in New York, says that while investors often want to leave politics out of their financial picture, it's actually earnings and public policy that drive the markets, and he gives reasons why that will drive the market -- especially as trade concerns are resolved -- even if his expectations remain modest. Also on the show, Chuck answers another audience question, author Lane Martinsen talks about holistic retirement planning, and Jason Browne of Alexis Investment Partners overs funds and ETFs in the Market Call.

Earnings Scout CEO is defensive, favoring health care, staples, real estate and utilities Nov 12, 2019

Show notes

Nick Raich of The Earnings Scout returned to the Market Call to discuss his unique brand of stock analysis which focuses on earnings forecasts -- rather than past results -- looking for the best changes in earnings estimates, and he noted that while his models are starting to like developed international markets over the U.S., he still likes defensive sectors like health care, consumer staples, real estate and utilities, while being concerned and nervous about industrials, communications services and energy stocks. Also on the show, Chuck answers a listener's question about tax-loss selling, author Adam Minter discusses his book 'Secondhand: Travels in the New Global Garage Sale,' and Chris Gatz of CreditWise at Capital One discussed consumer stresses over debts and finances.

New York Life's Yoon: This economic cycle has at least 12 months left Nov 11, 2019

Show notes

Jae Yoon, chief investment officer at New York Life Investment Management, said that the issues of the current trade war are not going away and will slow economic activity until they are resolved, yet he noted that they are not killing the current economic cycle, which he thinks can run for 12 to 18 months or more. Yoon said he is beginning to look at reducing allocations ahead of a cycle whose end could coincide with the presidential election, but noted that investors should not be full-on defensive just yet. Also on the show, Matt Schulz of Creditcards.com talks about retail store cards, author Stephen Martin discusses 'Messengers' and how we decide who to listen to and trust in today's society, and Kyle Guske of New Constructs puts a stock with over-blown earnings numbers into the Danger Zone.

ICON's Callahan: US market is priced 16 percent below fair value Nov 08, 2019

Show notes

Craig Callahan, founder and president at the ICON Funds says that the domestic stock market -- despite being at or near record-high levels -- is actually 16 percent below its fair value, and he expects the market to gain more ground over the next year or so as it works to have stocks reach fair-value levels. Callahan adds that he believes the current bull market has a ways to go, potentially five or more years, and says he would stick with top-performing sectors like consumer-disctretionary stocks, technology and financial companies. Also on the show, legendary activist investor Phillip Goldstein from Bulldog Investors talks about the dark potential future he sees for activists in closed-end funds, Leonard Wright discusses AICPA's recent survey showing that children's allowances are up, but their savings rate on that money is alarmingly low, and Todd Rosenbluth of CFRA Research talks ETFs in the Market Call.

Market talk, closed-end strategies and more! Nov 07, 2019

Show notes

It's part standard show, part roadshow today, as Chuck starts with Tom Lydon of ETFTrends.com with the 'ETF of the Week,' and Brent Schutte of Northwestern Mutual Wealth Management in the Big Interview before airing interviews taped at Wednesday's Active Investment Company Alliance Boot Camp and Conference in New York City, covering a wide range of closed-end investing topics with Bill Meyers of Nuveen, Rob Shaker of Shaker Financial, and Eric Boughton of Matisse Capital.

Axel Merk: "The market is poised for an upside surprise" Nov 06, 2019

Show notes

Axel Merk, president and chief investment officer at the Merk Funds, says the market is telling investors that everything is fine, and that he sees that being true, noting that investors should expect an upside surprise more than trouble over the next few months. Also on the show, Jeff Ptak of Morningstar explains changes announced Tuesday to the firm's mutual fund analyst ratings, Steven Cress of Seeking Alpha brings a quantitative approach to the Market Call and we revisit a recent interview with Jake Falcon and Joseph Klein from Hightower Advisors.

Invesco's Memani says 2020 has the 'perfect setup to do quite well' Nov 05, 2019

Show notes

Kirshna Memani, vice chairman of investments at Invesco, says that the market is setting up for a good year in 2020 based on three key factors, namely the recent Fed rate cuts and the central bank's indication that it won't reverse course soon, the likely resolution of international trade issues, and a re-acceleration of global economic growth. If those events happen as expected, Memani -- who believes the economy can go several more years without a recession -- said 2020 has strong potential for both domestic and international markets. Also on the show, Chris Oberbeck of Saratoga Investment Corp. discusses business-development companies, a unique type of closed-end fund investment, Ted Rossman of CreditCards.com chats about the dangers of using retailers' store cards, and author Keisha Blair discusses 'Holistic Wealth' and how people can change their approach to money to reduce stress, improve their finances and be happier.

Heartland's Evans: Companies have never been punished or reward like they are now Nov 04, 2019

Show notes

Brad Evans of the Heartland Value Plus fund says in the Big Interview that Corporate American has levered itself to levels never seen before, which leaves stocks vulnerable to being whipsawed by news events and headlines in ways investors haven't previously experienced. Also on the show, Liz Pagel of TransUnion discusses the how well -- and sometimes how poorly -- debt consolidation really works, Sam McBride of New Constructs puts a big-name stock in the Danger Zone, and Peter Tuz of Chase Investment COunsel talks growth stocks in the Market Call.

Ellison says rate cuts aren't helping the financial services industry Nov 01, 2019

Show notes

David Ellison, manager of the Hennessy Large-Cap and Small-Cap Financial funds, says we are seeing a unique decline in interest rates because cuts historically were supposed to help out financial institutions, making it easier to make loans, unload bad debts and improve margins. With rates at historic lows, however, cuts aren't really providing financial firms with any help, Ellison says, making the entire sector tougher to read. Also on the show, Richard Howe of Stock Spinoff Investing makes his debut in the Market Call, Andy Provencher of BNY Mellon Investment Management discusses how little average Americans know about fixed-income investing, and Chuck reveals the results of his 'Cash-or-Candy' Halloween.

People who believe in ghosts pay more to buy haunted houses Oct 31, 2019

Show notes

Francesca Ortegren of Clever Real Estate discusses a recent study on the effect of paranormal activity on home prices -- no, we're not kidding -- which found that people are much more concerned about the potential for crime than they are about being haunted by ghosts, with people who believe in the supernatural more likely to pay up to buy a house they've been told is haunted. Also on the show, Tom Lydon of ETFTrends makes a small-cap dividend fund his pick for ETF of the Week, Rick Redding of the Index Industry Association talks about why the number of indexes shrank by roughly 20 percent in the last year, and Jason Herried of Johnson Financial Group talks funds and ETFs in the Market Call.

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