Money Life with Chuck Jaffe

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Midas Fund's Winmill: Foreign central bank purchases make gold very attractive now Jul 23, 2019

Show notes

Brad McMillan, chief investment officer at Commonwealth Financial Network, said that while there is the potential for the market to slow down and a recession to happen, the trouble signs he expects to see before those issues have not come up yet, noting that consumer confidence and job growth both remain strong. Also on the show, Thomas Winmill of the Midas Fund said that foreign central-bank purchases of precious metals have helped to make gold particularly attractive right now. Ted Rossman of CreditCards.com discusses the most popular forms of credit-card rewards, and Chuck tells you when or if you might be getting any money from Equifax over the proposed settlement of its 2017 big data breach.

Russell's Eitelman: The global economic outlook has reached a fork in the road Jul 22, 2019

Show notes

Paul Eitelman, senior multi-asset investment strategist at Russell Investments, said that investors should gravitate towards value stocks while holding tight to their growth names because the market is at an intriguing point, one where the economy is slowing and CEOs have stopped investing but where there is no meltdown because Federal Reserve and Chinese policymakers are injecting stimulus into the market. If that stimulus is damaged by a protracted, deep trade war, however, Eitelman said the market and economy could turn for the worse quickly. Also on the show, David Trainer puts a highly ranked fund in the Danger Zone, Roger Conrad of Conrad's Utility Investor discusses energy, utility and income stocks, and Chuck takes a listener's questions about credit cards and credit scores.

Merrill Lynch's Mukherjee: Investors are too pessimistic right now Jul 19, 2019

Show notes

Niladri Mukherjee, head of portfolio strategy, Merrill Lynch and Bank of America Private Bank, said that fund flows -- rather than investor-sentiment measures -- are showing that individuals are too pessimistic right now, pulling billions from equity funds and moving all that money and more into bond funds at a time when the stock market still has room to run and doesn't have imminent signs of impending trouble. Also on the show, Brian Carberry of Apartment Guide discusses the lengths some workers will go -- or not go -- when it comes to mixing their job and their home life, and Brock Moseley of Miracle Mile Advisors talks ETFs and tactical investing in the Market Call.

Bastiat Capital's Meyer: We're at record highs but not at bubble levels Jul 18, 2019

Show notes

Albert Meyer of Bastiat Capital is concerned about trade and tariff wars and with the impact of interest rate cuts, but he noted that this is no time to be listening to the 'doomsayers,' suggesting that investors should not be fearful because while the market is highly priced, it's not in particularly dangerous territory. Also on the show, Karl Mills of Jurika, Mills and Kiefer expressed cautious optimism for the market moving forward, noting that nervous investors should be rebalancing and focusing on their allocations rather than looknig to make wholesale changes to a portfolio. Tom Lydon discussed a classic fund as his 'ETF of the Week,' saying investors should make it a big chunk of their portfolio, and Oliver Browne of Credit Card Insider, talked about misconceptions the average consumer has about credit scores.

Nuveen's Brian Nick: Think about where you get income from your portfolio Jul 17, 2019

Show notes

Nuveen chief investment strategist Brian Nick said he expects the Federal Reserve to cut rates three times, but said the third cut 'won't be necessary,' and is more like 'mid-cycle insurance' to keep the economy humming along. Still, while he sees no threat of imminent recession, Nick suggested that investors get defensive, worry more about their asset allocation than about tactically deploying money, and spend the next few years thinking about how to squeeze income -- rather than total return -- from their portfolio. Also on the show, Collective Wisdom from HighTower Advisors centers around the use of technology in advisory relationships, Chuck talks about how to overcome the financial hoarding tendencies of the 'greatest generation,' and Adam Levin of CyberScout talks about how Amazon Prime days were prime days for scammers, and how consumers should protect themselves from similar frauds.

Make savings a game to curb debts, amass 'necessity funds' Jul 16, 2019

Show notes

In answering a question from a listener, Chuck talks about financial challenges that savers can do to help them get out of debt or budget better, noting that coming up with necessary funds to cover emergencies can be done a dollar or five dollars at a time, or by going through a challenge to set aside an extra dollar every week for a year -- so one buck the first week, two the second and so on -- amassing 1,378 dollars in a year. Also on the show, Adrian Garcia of BankRate.com discusses the best states to retire to, author and financial adviser Anthony Delauney discusses 'Owning the Dash,' and value investor Jack Murphy of Levin Easterly Partners makes his debut in the Market Call.

T. Rowe Price's Sharps suggests balance over aggression in today's markets Jul 15, 2019

Show notes

Rob Sharps, head of investments at T. Rowe Price, said the economy is not as deep into the business cycle as many people believe, leaving more time and room for continued growth, yet with substantial weakness outside of the United States and an unresolved trade war and more, he suggested investors rein in their aggressive tendencies in favor of a more neutral and balanced approach. Alo on the show, Matt Hougan of Bitwise Investments gives his take to President Trump's first statements on cryptocurrencies and Bitcoin, Simeon Hyman, global head of investments at ProShares, discussed the pet care industry, and celebrated Amazon Prime Day by discussing the future of retail stores, and Sam McBride of New Constructs put Verint Systems in the Danger Zone.

Market's at record highs and Martin Pring sees it going much higher Jul 12, 2019

Show notes

Veteran technical analyst Martin Pring of Pring Research said he expects the stock market to avoid a recession and keep going much higher, noting that the indicators he follows are almost all 'pointing north' as the market ignores any weakness it sees in the economy. He noted that if bad news can't knock the market down, there's not much out there right now that can. Also on the show, Sheraz Mian, director of research at Zacks Investment Research discussed the upcoming earnings season, which he suggested is likely to beat analyst expectations, plu we rebroadcast a recent chat covering market technicals with Buck Klintworth of Chase Investment Counsel and Keith Gangl of Gradient Investments makes his debut in the Market Call.

Leuthold's Chun Wang: It's late in the cycle, expect trouble in 12 - 24 months Jul 11, 2019

Show notes

Chun Wang, senior analyst at Leuthold Weeded Asset Management, said that his firm's analysis of the market has made the portfolio managers defensive, slightly below neutral on holding stocks, largely because the long-term picture is showing too many negatives, signs that there could be trouble ahead with a significant correction or bear market in the next year or two. Meanwhile, Lindsey Bell of CFRA Research noted that current conditions appear solid, but that second-quarter earnings results will say a lot about whether hte market can avoid a downturn for the rest of the year; she expects those upcoming quarterly numbers to be better-than-anticipated, allowing the market to at least retain current gains for the rest of the year. Also on the show, Tome Lydon of ETF Trends.com talks about an usual precious metals fund, and Jill Gonzalez of WalletHub covers travel credit cards.

Kayne Anderson's Foreman: There's still a lot of skepticism about this bull market Jul 10, 2019

Show notes

Doug Foreman, chief investment strategist at Kayne Anderson Rudnick, said that investors have plenty of reasons to worry about whether the market can hold recent highs, but that if they focus on quality issues, there are plenty of cmopanies worth buying and owning regardless of what the market does next, where investors can buy into strong cash flows and dividend streams that are likely to remain in place even if the market turns for the worse. Also on the show, Cory Bittner and Peter Lang of HighTower Advisors discussed how financial planning helps clients cross the divide from working and accumulating funds to retirement and living off of investments, Izet Elmazi of Bristol Gate Capital Partners discusses how he uses artificial intelligence to help find better investments and manage portfolios, and Jose Rowe of LendingTree discussed a recent MagnifyMoney.com survey on money anxieties.

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