Money Life with Chuck Jaffe

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Oakmark's Hance: Despite economic issues, there are compelling values in Europe Aug 20, 2019

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Justin Hance, director of research for the Oakmark Funds, said that valuations in Europe remain attractive despite slower economic activity and perceived problems there, noting that on a stock-by-stock basis, investors are able to find quality businesses at reasonable prices more easily than in other markets around the globe. Also on the show, Megan Greene of the National Association for Business Economics discussed the group's most recent survey showing when economists believe we will see a recession, Mark Hamrick of Bankrate.com talked about the things many people have felt they can not afford to spend their money on this summer, and Simon Lack of SL Advisors and the American Energy Independence ETF covered energy stocks in the Market Call.

Calamos' Nelson: Small-caps stocks are cheap and poised for growth Aug 19, 2019

Show notes

Brandon Nelson, senior portfolio manager at Calamos Investments, said small-cap stocks are the cheapest they've been in many, many years relative to large-caps, noting that investors could win playing them on different levels, as an asset class in general but also making bets on individual securities. He favors technology, health care and consumer-discretionary stocks while mostly avoiding industrial materials, energy and utility issues. Also on the show, Ted Rossman of CreditCards.com talks consumers using cash versus plastic, Sam McBride of NewConstructs.com says that WeWork is an IPO that makes other new-stock follies look almost sane, and we rebroadcast a recent interview with Les Nanberg of Cornerstone Wealth, who -- unlike most experts -- expects to see recession sooner rather than later.

Asbury's Kosar: Stuck between levels, beset by cross-currents, market remains in a bullish trend Aug 16, 2019

Show notes

John Kosar, chief market strategist at Asbury Research, said that while the market is stuck between a major support level of roughly 2,800 and resistance at 2,950 on the Standard and Poor's 500, it remains in a bullish trend, which he expects to resume after economic cross-currents like trade wars, the inverted yield curve and slowing global growth are worked out. Also on the show, Tadas Viskanta of AbnormalReturns.com discusses who, if anyone, is trustworthy these days in the world of online financial advice and commentary, and David Snowball of MutualFundObserver.com chats about fund investing in an extended Market Call.

Experts agree that the market's big drop won't hold it down long Aug 15, 2019

Show notes

A day after the stock market suffered its worst loss of the year and the Dow Jones Industrial Average fell by 800 points, Chuck hosts Chris Zaccarelli of Independent Advisors Alliance and David Goerz of Strategic Frontier Management for two extended Big Interview sessions. While the pair disagreed on how and whether to use the current decline as a buying opportunity -- with Zaccarelli saying he will buy secondary dips, but not this one and Goerz looking for mispricings to take advantage of -- both expect the market to rebound and be above current levels by year's end. Also on the show, Tom Lydon of ETFTrends.com looks to Europe with his ETF of the Week.

Wells Fargo's Wren: Investors should 'play the range' for the rest of the year Aug 14, 2019

Show notes

Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, said that with large-cap stocks near fair value, he doesn't think there is much room for stocks to run over the rest of the year, though he does think they will finish the 2019 up from current levels. With that in mind, Wren suggested that investor play the range-bound market, buying when the Standard and Poor's 500 goes below 2,800 and looking to take profits when the market again reaches new highs and maintains 3,000. Also on the show, Collective Wisdom from HighTower Advisors, Todd Grossman of TalkWalker USA discusses social media marketing campaigns, and Dan Brady of TrendRating.com talks stocks in the Market Call.

Investors who are scared will miss year-end rally, says CLS' Vanneman Aug 13, 2019

Show notes

Rusty Vanneman, president at CLS Investments, said that despite an outlook for heightened volatility, the stock market looks poised for a 'nice move into year end,' and he warned nervous investors that heading to the sidelines means missing out on the fun. Vanneman noted that while investors are right to be concerned about trade and tariff wars, those situations typically end with a positive resolution, making most of the interim movements little more than market noise. Also on the show, Chuck answers an audience member's question about physical-gold funds, Gina Pogol of AmOne.com talks about consumers' summer spending habits and money needs, and there is a rebroadcast of a July chat with Chris Davis of the Davis Funds.

New Constructs' Trainer says Netflix is more dangerous than ever Aug 12, 2019

Show notes

David Trainer, president of New Constructs, put Netflix stock back in the Danger Zone, noting that the company has overcome troubling analysis that has called for a big decline for a long time, but he said that the stock's underlying circumstances have grown worse as it the share price has defied gravity, and he expects a crash to Earth soon, spurred in part by heightened competition and worrisome spending. Also on the show, Jason Reposa of MyBankTracker.com discusses the billions of dollars Americans are wasting on bank fees, author Carl Frey talks 'The Technology Trap' and changes in the labor market in the modern age of automation, and Mark Travis of Intrepid Capital Management is all about value investing and beaten-up small-cap stocks in the Market Call.

Why Les Nanberg expects a recession before this year ends Aug 09, 2019

Show notes

Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more difficult. He expects to see a recession start before the year is up, and has had clients go 10 percent lighter than normal on equities as they play defense; he is also mostly in Treasuries on the bond side, noting that he fears weakness in rates too. While Nanberg's analysis was based on fundamentals, D.R. Barton jr. of 10MinuteMillionaire.com talked technicals and he believes the market will actually go higher over the rest of the year, and Charles Rotblut of AAII.com discussed his group's investor sentiment survey, which showed a lot of bearishness that he suggested might represent a buying opportunity. Amid all of those market disagreements, Chuck also chatted with Kimberly Clausing, author of 'Open: The Progressive Case for Free Trade, Immigration, and Global Capital.'

Bradshaw: Dividend-paying blue-chip stocks are a portfolio's best defense Aug 08, 2019

Show notes

Gary Bradshaw of the Hodges Fund discusses how the changing interest-rate environment and growing nervousness about the stock market is making blue-chip, dividend-paying stocks like Verizon and Coca-Cola ideal defensive positions, providing safe, rising yields at times when income is harder to generate. Also on the show, Tom Lydon of ETFTrends.com makes a high-yielding municipal-bond fund his 'ETF of the Week,' Odeta Kushi, deputy chief economist at First American, talks the real estate market in a declining-rate environment, and Richard Barrington of MoneyRates.com discusses the best cities to downsize and retire in.

Envestnet's Tim Clift expects a sideways market for the rest of 2019 Aug 07, 2019

Show notes

With volatility returning to the market and many investors expecting a downturn, Tim Clift, chief investment strategist at Envestnet, said investors should look to rebalance portfolios to protect gains, be opportunistic buyers on dips but to mostly expect the market's volatility to amount to a flat ride through to the end of the year. That would leave 2019 as a double-digit gainer, he noted, so while flat doesn't sound good, holding onto current gains likely will keep investors satisfied, and it leaves room for the market to grow as it heads into the election year. Also on the show, Jimmy Hausberg and Michael Policar of HighTower Advisor discuss alternative investment types and diversifying from traditional allocations, with Hausberg favoring defined-outcome funds while Policar likes core private real estate. Leonard Wright of the American Institute of CPAs discussed investors' current levels of pleasure and pain, and Sandy Villere III of the Villere Funds talked stocks and concentrated portfolios in the Market Call.

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