Money Life with Chuck Jaffe

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Vanguard's Joe Davis: Economy chugs along at slower-than-normal growth pace Mar 14, 2019

Show notes

Joe Davis, global chief economist at The Vanguard Group, said that despite significant headline risks, and slower rates of growth, the economy keeps chugging along and the stock market should mostly be moving forward with it. Davis said he entered the year with the Fed and interest rates as the top risk facing the market and he said much of that concern has been abated; trade issues -- his second-biggest concern -- are now the top worry. Also on the show, Tom Lydon of ETFTrends.com has the ETF of the Week, author Pat Garofalo discusses his book 'The Billionaire Boondoggle," and Fidelity's Begonya Klumb discusses health-savings accounts.

Chautauqua's Beitner: Trade wars could cause a technical recession Mar 13, 2019

Show notes

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for international investing -- especially in China -- remains strong, despite the dangers. Also on the show, Peter Lang and Michael Sheldon of HighTower Advisors revisit a classic and discuss active versus passive management styles, Ted Rossman of CreditCards.com covers a recent survey on which type of rewards consumers prefer, and Leah Bennett of Westwood Wealth Group talks stocks in the Market Call.

Chautauqua's Beitner: Trade wars could cause a technical recession Mar 13, 2019

Show notes

JOHCM's Caputo: 'Different parts of the market are sending mixed messages Mar 12, 2019

Show notes

Giorgio Caputo, head of multi-asset strategies at J.O. Hambro Capital Management, said that the equity market is acting like the economy is strong and can keep rolling, while the bond market is nervous that trouble is mounting, leaving the Federal Reserve and its rate strategy as what may be the primary determinant of how the market goes for the rest of the year. Also on the show, Deborah Kearns of BankRate.com discusses a survey showing that homeowners often have buyer's remorse about their home, Zach Jonson of Stack Financial Management looks at the market's technicals and sees a bull with room to run for a bit longer, and Manny Weintraub of Integre Asset Management talks stocks in the Market Call.

Zacks' Blank: It will be August before we get a bull move Mar 11, 2019

Show notes

John Blank, chief equity strategist and chief economist at Zacks Investment Research said investors should expect surprise rallies and retracements, but the market isn't going to make a strong bull move until August or later. Also on the show, Jill Gonzalez of WalletHub.com discussed their recent survey on how many Americans expect to miss a credit-card payment this year, David Trainer of New Constructs talked about the Lyft initial public offering and why the company -- with virtually no prospect for earnings -- is a trap. Also, Greg Woodard, portfolio strategist for Manning and Napier talks stocks in the Market Call.

Merk sees 'rockier road;' Gilburt calls for a downturn, then rebound Mar 08, 2019

Show notes

In a day filled with talk about the market, Axel Merk of the Merk Funds said the market is getting late in its current cycle and that it is likely to have a tougher tmie making gains going forward. He suggested that investors rebalance their portfolios to lock in gains and reposition themselves for the tougher sledding to come. Before that, however, Matt Harris of HighTower Wealth Management noted that the market's technical signals are suggesting that a slowdown is coming, but he said the catalyst for real trouble is not yet visible. And Avi Gilburt of Elliot Wave Trader said he expects the Standard & Poor's 500 to test recent resistance levels of 2,600 and to go as low as 2,200 if it breaks through, yet he is also forecasting a snap-back rally that will take the index to 3,200 -- and as high as 4,100 -- by 2022-23. Also, Chuck discusses the 10-year anniversary of the start of the bull market and what it means for investors.

Fritz Folts from 3EDGE: With US equities stretched, consider emerging markets and gold Mar 07, 2019

Show notes

Fritz Folts, chief investment strategist at 3EDGE Asset Management said that while domestic markets look like they can continue to run, valuations are stretched, making emerging markets and gold much more appealing right now. Folts noted that he is completely avoiding Europe and Japan right now and noted that economic and market conditions going forward will depend on the skill of the Federal Reserve in avoiding trouble. Also on the show, Tom Lydon of ETFTrends.com talks financial technology with his ETF of the Week, Mark Hamrick of Bankrate.com talked about the regrets many people have over how student-loan debt affects their lives, and Mike Liss of the American Century Value fund has the Market Call.

Oppenheimer's Memani: 'Things are proceeding according to plan' Mar 06, 2019

Show notes

Krishna Memani, chief investment officer at OppenheimerFunds, said that the global economy and global growth are softening, but the policy framework is holding strong, allowing the markets to move forward and stay positive for the long-term. Memani said he believes the Fed is done with rate hikes for the year, and noted that the recent rally may have been overdone, meaning that stocks could tread water for awhile before continuing to climb. Also on the show, Michael Sheldon and Peter Lang of HighTower Advisors discuss their concerns for the rest of the year, Terry Jones of Investors' Business Daily discusses the bounce-back in optimism among investors, and value manager Jeff Auxier of the Auxier Focus Fund has the Market Call.

ChartPattern's Zanger: 'This is a time to be on the sidelines' Mar 05, 2019

Show notes

Dan Zanger, chief technical analyst at ChartPattern.com said that the market is likely to chop sideways -- stuck between the 2,650 support and 2,810 resistance levels on the Standard and Poor's 500 -- until we see the direction of the next quarter's earnings releases, which start coming out in mid- to late April. Also on the show, Jill Gonzalez of WalletHub.com discussed the top hedge-fund stocks from 2018, author Nathan Latka talked about his ideas for getting rich even if you lack capital, and we re-broadcast a recent Market Call interview with George Putnam III of The Turnaround Letter.

New Constructs' Trainer: 'Value investing as it's known today isn't REALLY value investing' Mar 04, 2019

Show notes

After watching Warren Buffett apologize for taking a $20 billion write-down for Berkshire Hathaway's investment ni Kraft Heinz, David Trainer of New Constructs said the problem highlights trouble ahead for value investors, who he says have been looking at the wrong metrics and following the pack, which has them headed for trouble. Also on the show, Brandon Thurber of Regions Asset Management said that the market is going through a 'pro-risk on environment for equities, at least for now.' while Rosanna Landis Weaver of As You Sow discussed her group's list of the 100 Most Overpaid CEOs for 2019, with Rob Lutts of Cabot Wealth Management in for the Market Call.

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