Money Life with Chuck Jaffe

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Touchstone's Thomas: Look to emerging markets for stronger profits May 22, 2019

Show notes

Crit Thomas, global market strategist for Touchstone Investments, said that record profit margins for many companies here in the United States -- plus declining GDP growth -- raise questions on what kind of upside the domestic stock market has, so while he expects it to continue moving up modestly, he noted that investors seeking higher returns should look to emerging markets. Also on the show, the HighTower gang discusses a key, often-overlooked aspect of financial planning, Chuck answers a question appropriate for celebrating bitcoin Pizza Day, and Louis Navellier of the Navellier Funds talks growth investing in the Market Call.

Jack Ablin: The market's zigs and zags look like a straight line, mostly up May 21, 2019

Show notes

Jack Ablin of Cresset Capital Management said that the market's daily ups and downs wind up looking like a straight line when investors back away and look at them through a long lens, rather than focusing on the daily news. With that in mind, he suggested tuning out the daily headlines on China and tariff wars, focusing on big-picture factors like economic growth and anticipating a market that can keep moving in a positive direction, although he did note that he believes there are better money-making opportunities in Europe and emerging markets than in the United States right now. Also on the show, Lawrence McMillan of McMillan Analysis gave his technical take on why the market may be due for a short-term decline, Ted Rossman of CreditCards.com discussed the perks that card shoppers are going for these days, and Harvard Business School professor Victoria Ivashina discussed her new book 'Patient Capital,' covering the benefits of very long-term thinking to solve the public's greatest challenges.

Trainer: Most small-cap growth stocks are unattractive, dangerous May 20, 2019

Show notes

David Trainer of New Constructs said that investors might want to consider rotating away from small-cap growth stocks and funds because the space is over-run with unattractive stocks. In the 'Danger Zone' segment, Trainer noted that less than 10 small-cap growth funds -- and very few individual stocks too -- are earning his firm's very attractive rating, with the entire space of the market overpriced and do for an adjustment. Also on the 'National Be a Millionaire Day' show, Richard Carter of Fidelity Investments discusses ignorant ways that savers are leaving yield on the table when certain investments roll over, Tom Gandolfo of Three Bridges Financial Group talks markets, tariffs and trade, and Bill Smead of the Smead Value fund has the Market Call.

Two analysts call for a quick rally, then a fast fall May 17, 2019

Show notes

Two technical analysts -- Jim Welsh of Smart Portfolios and Avi Gilburt of Elliott Wave Trader -- said they expect the market to have a corrective rally from here, only to then fall to where the Standard and Poor's 500 is in the 2,600 range. Both suggested selling into rallies and becoming more defensive, and said it looks like gold is bottoming out and could be worth buying soon, though Gilburt ultimately expects the decline to be deeper and last longer. Also on the show, Matt Dreith of the Wasatch funds talks India, China and emerging markets, and Chuck discusses lasting lessons taught by the passing of his brother Rob, who would have turned 66 today.

Centre Funds' Abate: 'A 30 percent correction would not surprise us' May 16, 2019

Show notes

James Abate, chief investment officer at the Centre Funds, said that conditions exist right now which could justify a correction of as much as 30 percent, but he noted that because market valuations are a big part of those dangerous conditions, any big decline is likely to be a long-term buying opportunity, as the strong underlying economy should ultimately keep the market buoyant. Moreover, while Abate can see a potential decline, he is not sure there is a current catalyst to spark it. Also on the show, Tom Lydon of ETFTrends.com talks about IPOs, Nalika Nanayakkara of EY Americas discusses how many financial-planning clients want to change their advisers, and Jean Young of the Vanguard Center for Investor Research discusses why so many people are moving into ETFs.

Via Nova's Gayle: It is in everyone's best interest for the trade situation to get resolved May 15, 2019

Show notes

Alan Gayle of Via Nova Investment Management said he does not expect the trade and tariff battles between the US and China to derail the market for the long haul, but he noted that the market will keep taking no more than two steps forward with one step backwards for as long as it is in the headlines. Meanwhile, Jake Falcon and David Hartness of HighTower Advisors discussed their big investment themes for the rest of the year -- without even mentioning China -- Tom Gearing of Cut Wines Asset Management talked about wine as a completely alternative investment choice, and author Mathias Doepke of 'Love, Money and Parenting' talked about the economic conditions that, among other things, might have led to the recent college admissions scandal.

Several experts say current downturn is a buying opportunity, but for different reasons May 14, 2019

Show notes

Karl Mills of Jurika, Mills and Kiefer said that Monday's losses should not have investors worried so long as they have properly adjusted their time horizons, and he said he expects most investors to realize down the line that whatever move the market is making now is forgotten short-term noise. Also on the show, Leo Leydon of Financial Focus Advisory Services said he expects the market to hold at current support levels of roughly 2,800 for the Standard and Poor's 500, noting that it could drop to 2,600 if he is wrong, although he also thought the market's next move is most likely up, in his case to recent highs of roughly 2,950. Dan LaPlante of Citizens Bank Wealth management discussed using the current downturn as an opportunity to rebalance a portfolio and how to deal with taxable gains, and Matt Schulz discussed the latest survey from CreditCards.com.

More from Morningstar: Managers, market strategists and more. Oh my! May 13, 2019

Show notes

It's another banner line-up of experts from the Morningstar Investment Conference, as Chuck talks to Kari Droller from Charles Schwab, deep-value manager Amit Wadwhanney from Moerus Capital, alternatives expert Josh Vail of 361 Capital, Brian Milligan from Ave Maria Growth fund, quantitative analyst Joe Mallen of Helios, income specialist Bryce Fegley of Sextant global High Income, muni-bond manager Bob DiMella of Mackay Shields, Natixis' chief market strategist David Lafferty, and a special surprise guest to wrap it all up.

Money Life at Morningstar: 9 interviews, our biggest show ever May 10, 2019

Show notes

A colossal lineup from the Morningstar Investment Conference in Chicago features Judy Ward of T. Rowe Price, Mona Mahajan of Allianz Global Investors on the markets, Alex Pire of Seeyond talking minimum-volatility investing, Beini Zhou of Matthews Asia Value discussing his reaction to recent presidential tweets about trade wars, Ira Rothberg of Hennessy Focus Fund on valuations and patience, Jeff Holt of Morningstar discussing the firm's latest study of target-date fund, Michael Falk of Focus Consulting Group on the evolution of the Morningstar event itself, Alan Adelman of Frost Investment Advisors talking mid-cap stocks, and value investor Abhay Deshpande of Centerstone Investors discussing why Europe may be worth buying now, when most market observers hate it..

OppFunds' Levitt: 'Hating the government is not an investment strategy' May 09, 2019

Show notes

On the first day of interviews from the Morningstar Investment Conference, Chuck covered a wide range of subjects with five different experts, highlighted by Brian Levitt of OppenheimerFunds, who was bullish on the domestic and emerging markets, but realistic about the upcoming election year posing potential problems. Still, he noted that investors should not be swayed by election-related news, as 'Hating the government is not an investment strategy.' Also on the show, Tom Lydon of ETFTrends doing a live variation on his ETF of the Week, Mary Ellen Stanek of Baird Funds, Rich Woodworth of PGIM Investments, and Kristen Mierzwa of FTSERussell.

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