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Money Life with Chuck Jaffe
59 minutes | a day ago
Oakmark's McGregor: You can't -- and won't -- generate income like you used to
Clyde McGregor, who recently celebrated his 25th anniversary at the helm of the Oakmark Equity and Income Fund, says that fixed income simply will not deliver the kinds of income investors have traditionally sought and expected, so investors have to change expectations and strategies to generate more yield. Also on the show, Munish Malhotra of Cambiar Investors notes that 'Cheap is not value,' David Trainer puts an upcoming IPO in the Danger Zone and Francesca Ortegren of Clever Real Estate discusses the firm's latest survey on the impact of the coronavirus pandemic on consumer behaviors.
59 minutes | 4 days ago
Nobel Prize winner says virus shutdown isn't ramping up 'deaths of despair'
Sir Angus Deaton, winner of the Nobel Prize for Economics for his groundbreaking work on 'deaths of despair' says that statistics don't support the critics of coronavirus shutdowns, who suggest that economic woes will lead to increased suicides among displaced workers and business owners. In a wide-ranging interview, Deaton discusses the economic impacts of the virus and more. Also on the show, Rob Shaker of Shaker Financial says that the tax-loss selling season for closed-end funds should be particularly interesting in 2020, given the volatility funds saw throughout the year, and Chuck talks about his ultimate holiday gift for children this year, stocks, which are easier than ever to give as a present.
59 minutes | 5 days ago
David Brady: 'It's difficult to sell a great company and be right on a 10-year basis'
David Brady of Brady Investment Counsel talks in the Market Call about the importance of making good buys with the right long-term prospects because the ideal investment behavior would be to hang onto those stocks for years; selling has a way of not working out so well, Brady notes. In the Big Interview, Alan Gayle of Via Nova Investment Management discusses the market and the economy, noting that the new normal society is moving towards for after the pandemic 'will be business as usual, done in unusual ways.' Also, Tom Lydon of ETFTrends.com talks about investing in small-cap stocks through his 'ETF of the Week.'
59 minutes | 6 days ago
Four looming global crises to solve, and none are coronavirus
Blair Sheppard, author of 'Ten Years to Midnight: Four Urgent Global Crises and Their Strategic Solutions," discusses current situations that threaten orderly governments, economic systems and more in the United States and around the globe and talks about the steps that can be taken to avoid a dark future. Also on the show, Freddy Garcia of Left Brain Wealth management discusses how the election did -- or didn't -- change the outlook on growth stocks the firm liked before the voting, and suggests a new entry in a sector that's warming up, Greg McBride of Bankrate.com talks about why many Americans are missing out on current mortgage refinancing opportunities, and Bill Stone of Stone Investment Partners gives his take on the market and the economy.
59 minutes | 7 days ago
Debt.com's Dvorkin: Consumers may defy their own expectations for lower spending
Howard Dvorkin of Debt.com discusses his site's study of 1,200 adults, of whom six in 10 expect to spend less this holiday season, even though that cutback is not caused mostly as a result of the pandemic, but rather is because of the muted emotions of the socially dstanced holiday. Dvorkin says that every year the surveys show that consumers enter the holiday season with good intentions of spending less, and they never wind up holding to those spending goals once they actually get to shopping. Also on the show, David Dowden of MacKay Municipal Managers discusses the outlook for muni bonds, John Divine of U.S. News and World Report sounds off on the prospects for Pfizer, Moderna and the investors who are making a play on the vaccine stocks now, and we revisit a recent Market Call chat with Chuck Self of iSectors.com.
59 minutes | 8 days ago
QCI's Shill: Airbags on the portfolio, with an eye on 'opening up' stocks
Ed Shill, portfolio manager for the QCI Balanced Fund says in today's Market Call that he is feeling defensive about the market now, putting airbags on portfolios with more cash to insulate against a market he describes as overbought. He is looking into stocks that have been underbought, the names that have been suffering during the pandemic but that stand to benefit as the economy finally moves through the illness and starts to reopen more fully; that means airlines, travel companies and much more. In the Big Interview, however, Ed Confrancesco of International Assets Advisory goes the other way, suggesting that investors ride with the hot work-from-home kind of names that have led the market's rebound from March lows. Also on the show, Amy Pirozzolo of Fidelity Charitable discusses the pandemic's impact on volunteerism and charity, and Kyle Guske of New Constructs revisits some past Danger Zone picks that are no longer on the firm's 'most dangerous list,' some of which were big winners and others that defied gravity and logic.
59 minutes | 11 days ago
Utility specialist Conrad expects to see a 'value recovery' amid an improving market
Roger Conrad, editor of Conrad's Utility Investor, says in the Market Call that while the stock market bounced back from its late winter freefall, some groups -- including utilities -- were left behind in the recovery. He expects them to play some catch-up and to be a reason why the market drives higher, especially in 2021 as there is a more clear resolution to the pandemic. Also on the show, Robert Bush, director of closed-end funds for Calamos Investments, discusses discounts, convertible securities and more in the NAVigator, Matt Harris of HighTower Advisors talks technicals now, and financial adviser Christopher Manske chats about his new book, 'The Prepared Investor.'
59 minutes | 12 days ago
Despite FAANG hot streak, McKee says midcap stocks are poised to lead recovery
Stephen McKee, editor at the No-Load Mutual Fund Selections and Timing newsletter, says that a mix of investment styles are in his methodology's top ranks, which means that the market's advance is broad-based, and 'things are in-gear for the upside.' poised for more. He says all cap sizes in domestic and international categories are clicking now, and should continue. There's also a lot of bond talk on today's show, with Tom Lydon of ETFTrends.com making a high-yield issue his 'ETF of the Week," and Venk Reddy of Zeo Capital Advisors talking short-duration bonds and social investments via junk bonds.
60 minutes | 13 days ago
Why junk bonds may outperform stocks for a while
Bond-fund manager Bruce Monrad, chairman of the Northeast Investors Trust, discusses the way that investors may want to look at junk bonds as a way to boost a portfolio's equity returns while reducing volatility, especially in these low-rate and low-yield times. Monrad notes that high-yield bonds often edge the stock market during troubled times, and explains why the recovery from the pandemic might be a period to expect that. Also on the show, Brian Dress of Left Brain Investment Research discusses investing in China and in one of China's biggest and best known stock success stories now, Ed Carson of Investor's Business Daily talks about the news site's latest investor optimism survey -- which shows that only the winning electorate feels much hope right now -- and Matt King of King Wealth Advisors covers mutual funds and ETFs in the Market Call.
59 minutes | 14 days ago
Payden's Cleveland: Economy will be back to pre-Covid output levels by mid-'21
Jeffrey Cleveland, chief economist at Payden and Rygel, says the economy is recovering faster than most people expected, and that it will pick up steam next year as the services sector catches up a bit to the goods and products businesses, which have already gotten back to pre-pandemic levels. Cleveland expects a vaccine and growing economy to buoy the stock market. In the Market Call, Daniel Kern of TFC Financial Management talks funds and ETFs, and Chuck starts things off discussing how investors need to look past the financial firm's reputation to consider whether an investment is appropriate for them.
59 minutes | 15 days ago
Tom McIntyre: With the news being decipherable, the market will hibernate
Tom McIntyre of McIntyre, Freedman and Flyn says in the Market Call that the wild swings in headlines running from the tumultuous election through the pandemic and the twists and turns of the economy have left investors with few signals to read. He sees the market hibernating while investors try to figure out how to decipher signals, and expects a slow fourth quarter and start to 2021, and he suggests holding more cash than normal while waiting for it to play out. In the Big Interview, Kirk Chisholm of Innovative Advisory Group discusses modern portfolio theory, the 4 percent retirement-spending rule and other basic tenets of personal finance and discusses why those old saws don't serve investors so well any more. Also on the show, David Trainer of New Constructs explains why BOX belongs in the Danger Zone, and Chuck answers a question about funds based on the social (ESG) version of the Standard and Poor's 500 Index.
59 minutes | 18 days ago
Brian Frank: Tech stocks are acting like it's 1999, but values are scarce
Brian Frank of the Frank Value Fund, an absolute-value manager, says in the Market Call that the rising tide of the market has not been lifting all boats, but rather has been lifting the top technology like it's 1999. That makes it hard to find good values, but Frank discusses a few and some of the surprising industries he is finding them in right now. Also on the show, Rick Redding of the Index Industry Association discusses the ongoing explosion in the creation if indexes and how that impacts both the fund industry and individual investors, Brian Schaffer of Prosek Partners talks about activism in closed-end funds and the importance of good communications to ease tensions in those corporate battles, and Lance Ippolito of theFutureofWealth.com talks the market's technicals.
59 minutes | 19 days ago
Post-election, Sierra's Spath likes emerging markets and muni bonds
Terri Spath, chief investment officer at the Sierra Mutual Funds, says that muni bonds, high-yield corporate bonds and emerging market stocks -- all of which were becoming a strong play leading up to the election -- are in a sweet spot after the voting, and noted that are mostly under-represented in investors' portfolios, which should make them particularly interesting now. Also on the show, Tom Lydon of ETFTrends.com looks to emerging markets -- and specifically China -- for the ETF of the Week, Chuck answers a question about dividend reinvestment plans, and Christopher Zook of CAZ Investments tackles thematic, growth-at-a-reasonable-price investing in the Market Call.
59 minutes | 20 days ago
Incline's Miller suggests investing like we're still in recession (because we are)
Jeffrey Miller, portfolio manager at Incline Investment Advisors, says in the Money Life Market Call that the current economic recovery has been 'overstated,' leaving a division between the stocks that work now and those that will be good to own after the recession. That recession, however, is something that Miller believes we have not emerged from, that it's the same downturn that started before the pandemic hit, triggering the market's fall in February and March. He expects a bounce-back for the market as the economy recovers. Also on the show, Janice Quek of Left Brain Investment research discusses why investors want to add Southeast Asia to their portfolio and covers one emerging-markets stock that she thinks is particularly promising now, Bill Costello of the Westwood Funds talks about energy and utility companies now, and Chuck takes an audience-member's question about the tax-efficiency of exchange-traded funds.
59 minutes | 21 days ago
Talon's Grimes don't get caught on the wrong side of market momentum
Adam Grimes, president of Talon Advisors, expects the market to find conviction and direction after the election, whether it takes a turn for the dark with strong selling -- a week or two with no snap back that could trigger a bear market -- or moves back to record highs and holds those peaks to start a new run up. Whichever way the market goes, Grimes says investors need to avoid being on the wrong side of the new momentum, buying a dip that turns into something bigger or taking profits but missing out on a growth wave. Also on the show, Sudarshan Murthy of GQG Partners talks emerging markets and whether they have advantages from coming through the pandemic ahead of other parts of the world, Jill Gonzalez of WalletHub.com discusses the lengths consumers are going to when it comes to iPhones, and Chuck Self of iSectors talks exchange-traded funds and how 'minimizing downside risk' ultimately leads to bigger profits in the Market Call.
59 minutes | 22 days ago
New Constructs identifies 5 troubled stocks that election results can't help
David Trainer, president of New Constructs, says Wayfair, Carvana, Beyond Meat, Dropbox and Spotify Technology all qualify as popular stocks -- despite being saddled by what the Nashville-based firm describes as 'misleading earnings' -- that are headed for trouble, and that they will hit that rough patch soon no matter who wins the White House in Tuesday's election or how they change economic policies moving forward. Also on the show, Giorgio Caputo of J.O. Hambro Capital Management discusses 'green income,' Gregg Fisher of Quent Capital discusses small-cap stocks in the Market Call, and Chuck discusses the results of his annual Halloween trade-or-treat, cash-or-candy efforts.
59 minutes | 25 days ago
Schwab's Kleintop: Difficult ascent, but expect broad recovery late in '21
Jeffrey Kleintop, chief global investment strategist at Charles Schwab, says that the market and economy are likely to slog through the election, the rest of the pandemic and the continuing recovery, but will come out positioned for a broad recovery late next year. Also on the show, John Cole Scott of the Active Investment Company Alliance answers audience questions about investing in closed-end funds, Toni Turner of TrendStar Trading Group discusses the current market fight -- visible in the technicals -- between buyers and sellers, and Jeff Zananiri, head trader at JoyoftheTrade.com talks stocks in the Market Call.
59 minutes | a month ago
Economist Gruenwald: 'Despite flashy growth numbers, we're still in a hole'
Paul Gruenwald, chief economist at SP Global Ratings, expects to see impressive growth numbers, but he doesn't find them exciting because the economy still has a significant hole to climb out of, and that the resurgent virus, trouble with stimulus and more are standing in the way of what should be a more-exciting recovery over the next few years. In another interview on the show, Esty Dwek, head of global market strategy for Natixis Investment Managers, agrees with a number of Gruenwald's points; she also notes that the comparative numbers are weird, but says that she expects the economy to get back to pre-pandemic, 2019 economic numbers, with the key issue being whether it happens before the end of 2022. This show also features Greg McBride of Bankrate.com on the site's landmark checking-account survey,. and Tom Lydon of ETFTrends.com making an online-retail specialty fund his ETF of the Week.
58 minutes | a month ago
It's 'Game On' for earnings season; high times for Left Brain Thinking
Brian Dress of Left Brain Investment Research says that earnings season is 'the Super Bowl and Olympics all rolled into one,' and with four of the FAANG stocks reporting on Thursday, he discusses in this week's Left Brain Thinking segment how to use earnings reports, transcripts and more to identify opportunities in stocks and bonds. Also on the show, author Roger Martin discusses his book, 'When More is Not Better: Overcoming America's Obsession with Economic Efficiency,' Matt Schulz of CompareCards.com talks about the troubles with store credit cards, and Maz Jadallah of AlphaClone covers the favorite stocks of hedge funds in the Market Call.
59 minutes | a month ago
Technician Newton sees tech and market troubles through year's end
Mark Newton of Newton Advisors says that he expects the year to play out like 2018, when the stock market peaked in October and then suffered through the end of the year. Newton says that if the Standard and Poor's 500 breaks through 3,380 -- a level it nearly hit on Monday -- investors could be in for a slippery slope through December, a decline exacerbated by struggles among technology stocks and broader pressures facing popular stocks. Also on the show, Brian Estes of Off The Chain Capital talks bitcoin and cryptocurrencies, Sarah Berger of MagnifyMoney.com discusses the regrets investors report feeling over stocks they sold at the beginning of the pandemic, and David McInnis of the East Paces Group discusses how to deal with the volatility he expects to see after election day,
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