Money Life With Chuck Jaffe Daily Podcast

Michael Power, strategist at NinetyOne, says that investors might be tempted to run away from the market, but there is no real place to hide with high inflation and low yields making it that the traditional safe-havens are losing  purchasing power. Power says that there is a possibility of recession arriving late last year or early in 2024, which makes diversification across asset types and around the globe prudent. Also on the show, Lou Harvey, president at DALBAR Inc., discusses the firm's research on asset-allocation models and about their new Prudent Asset Allocation method, which has adherents lock down the core of their nestegg but be more aggressive with their remaining holdings to produce bigger-but-safer results. Plus Carol Anderson of MQ Research and Education discusses how well financial advisers are building and retaining trust at a time when meetings are infrequent, and Chuck reads a special letter he received from an audince member who is about to have his pursuit of life overtake his pursuit of

Meb Faber, co-founder and chief investment officer at Cambria Investments, says that investors aren't just dealing with headline issues of war, inflation and rising interest rates, but he notes that the market has turned to what he called an 'expensive downtrend,' which is historically a time when returns tend to be zero or negative. Faber says he worries that this could be a moment where investors could blink and turn around to say 'Wow, when did all of these stocks go down 75 percent.' He says that the right way for investor to get through these kinds of conditions is through proper diversification, including significant international exposure even though current events make it hard emotionally to invest overseas. In the Talking Technicals segment, Gene Peroni of Peroni Portfolio Advisors says that conservative investors should be waiting for the market to see several strong consecutive days -- or a 1,000-point plus day -- before they consider the recent downturn as potentially turning into a buying opportu

George Kinder, president of The Kinder Institute of Life Planning -- generally recognized as the biggest moving force behind the life-planning approach to personal financial management -- says that investors need to look at where they can minimize risks in current conditions, but do that without blowing up financial plans because they are better off holding to their plans than changing them just because of current or even persistent economic and global events. Kinder says that the pandemic and other conditions have actually helped many people make progress on their life plans, because it simplified the economics for many people and helped them focus on what is important. In the Danger Zone segment, Kyle Guske of New Constructs looks at Airbnb and Squarespace, two stocks that have been hammered during the market's recent fall but where he believes the troubles are only starting and there's another big loss to come. And in the Market Call, hedge-fund manager Steven Grey of Grey Value Management discusses the im

Joe Terranova, chief market strategist at Virtus Investment Partners, says 'the enemy right now for investors in the market is time,' and understanding how to be patient, because the market's current troubles are masking economic strength and the likelihood of a U-shaped recovery. He expects that a record year for corporate buybacks and an investing public that is flush with cash should buffer the market against any prolonged downturn, creating a recovery for patient investors who ride it out. In the Talking technicals segment, Matt Fox of Ithaca Wealth Management says we are currently experiencing a cyclical bear market within a secular bull market, but notes that that charts are 'screaming caution,' and that investors who have been conditioned to buy every dip should be waiting for 'a wash-out in sentiment before the charts give an all-clear.' Also on the show, Mike Taggart of Taggart Fund Intelligence and the Active Investment Company Alliance returns to The NAVigator to answer listener questions about the

Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Co., says that war, inflation and more are changing the narrative for the market, but mostly for the short term. He still believes the domestic stock market is positioned to outperform later this year and into 2023 as the strong economy is able to flex its muscle and have influence that overcomes the headlines. He suggests looking for companies in areas that are becoming undervalued now, like small-cap stocks. Also on the show, Tom Lydon, chief executive officer at ETFTrends.com, makes the ETF of the Week a trend-following play on a commodity and, in the Market Call, Dave Sekera, chief U.S. market strategist for Morningstar, makes his debut talking about stocks and a market that he says has pivoted from overvalued to about 10 percent undervalued now after the early struggles of the year, making it much easier to find stocks worth buying.

Ed Carson, news editor at Investor's Business Daily says that current conditions are worrisome enough that investors may not be able to adjust their attitudes quickly, as they do in more normal times. Discussing the IBD/TIPP Economic Optimism Index, Carson discusses how the big decline this month was caused by gas prices as much or more than by war in Ukraine, but he notes that given how fast prices have risen at the pump, the decline in confidence may just be getting started. Also on the show, Chuck answers a listener's question about which investment companies are avoiding Russia, and author Joe Sanok chats about changing your lifestyle and making Thursday 'the New Friday.' In the Market Call, Andrew Graham of Jackson Square Capital talks stocks and in the lightning round revisits three securities that Chuck discussed on yesterday's show with David Harden of Summit Global investments.

Steven Dover, chief market strategist at Franklin Templeton Investments, says that the experts have been off the mark in forecasting how the market would respond to the war in Ukraine, to rising inflation and more, which has him focusing on individual stocks and their fundamentals rather than letting the macro-economic outlook determine investment positions. Turning to the market's technicals, Michael Kahn, senior market analyst at Lowry Research Corp., says the current decline is not yet a buy-the-dip opportunity, and that he will remain on the sidelines until the tide turns and investors start rushing to put their cash to work. nd in the Market Call, David Harden, chief investment officer at Summit Global Investments, talks during the Market Call about managing volatility in stocks during these back-and-forth times.

Jeff Weniger, head of equity strategy at WisdomTree Asset Management, says he expects unemployment to drop potentially below the 3 percent level -- which is better than so-called 'full employment' -- which takes 'the stag' out of stagflation possibilities. With the jobs market not being stagnant, Weniger says the economy can power through rising inflation and interest-rate concerns to keep moving forward, even if consumers and investors suffer some discomfort along the way. Also on the show, David Trainer re-visits Danger Zone picks Shopify and Coinbase after their recent earnings reports and says that the big recent declines in each stock are still just the beginning of the problems for investors who stick around. In the Market Call, Bernie Horn of Polaris Global Value talks stocks and the impact that the war in Ukraine is having on global markets.

Katie Stockton, founder at Fairlead Strategies, says the market appears to be in a long-term trading range for 2022, not because of the geopolitical concerns over war in Ukraine or the worrisome inflation numbers or pressure on interest rates at home, but instead based on technical reasons which show that the major indexes have lost upside momentum and will struggle to get it back. In the Big Interview, Scott Knapp, chief market strategist for CUNA Mutual Group, says that the conflict in Ukraine has changed the headlines, but it shouldn't have changed portfolios much because economic struggles were easy to foresee at the end of last year; likewise, he's not changing his outlook or strategy for 2022 until he sees a slowdown in demand and a reduction in gross domestic product. This show also features John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance, discussing the promising investments created by an important recent evolution in closed-end funds, and Kevin Kelly of Kelly ET

Greg Valliere, chief U.S. policy strategist at AGF Investments, says that several interest rate hikes will not sour the economy now, so that if the Federal Reserve doesn't go too far on tightening, there's no reason for a recession. Valliere says that he does expect more recession concerns at the start of 2023, as the economy digests the protracted impact of not just rate hikes but inflation, waning economic stimulus and the offshoots of the war in Ukraine. Also on the show, Tom Lydon of ETFTrends.com makes a trending commodities fund -- sensitive to both the war and inflation -- his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discusses the savers credit and how a majority of Americans don't know that it exists, let alone how to claim it when filing their taxes, and Stephen Dodson of The Bretton Fund talks value investing in the Market Call.

Mark Luschini, chief investment strategist for Janney Montgomery Scott, says that the market is working its way through a correction -- troubles exacerbated by the war in Ukraine -- but that hasn't dampened the economic underpinnings or deflated the spending desires of consumers, which should help growth in corporate earnings pick up and push the market higher later this year, leading to 'pretty flattering returns for investors' this year. Likewise, Brian Dress of Left Brain Investment Research says that the 'green shoots' of recovery are starting to show, but warns that the recovery will not be V-shaped and fast, requiring the market to return to the normalcy of posting 'good reactions to good news' that has been missing early this year. In the Market Call, Malcolm Polley of Stewart Capital Advisors talks about picking stocks through the lens of 'business perspective investing.'

Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, says that the war in Ukraine has become integrated along with other concerns -- most notably heightened inflation -- which may not stop the Federal Reserve from going ahead with planned interest rate hikes this month, but make it likely that any rate moves will be smaller and more controlled. Mish Schneider, director of trading education at MarketGauge.com says that while the stock market has been volatile throughout the first few days of fighting, she expects it to be stuck in a range for a while as the situation plays out and while the potential fallout remains murky. She sees long-term opportunities, but urges caution now. Also on the show, Rod Griffin of Experian  explains how 'credit invisibles' now have more and different tools (such as Experian Go) to help build credit and get on the radar screen of the credit bureaus and establish a personal history, and Lance Canon of Hood River Capital Management talks about investing in sma

David Trainer, president at New Constructs -- a data firm that analyzes funds and stocks -- says that the hugely popular ARK Innovation Fund is fooling investors into believing that innovation itself is an investment strategy or asset class, and he notes that many of the holdings are simply early entrants to an industry with little or no competitive edge. That's why a number of the fund's biggest and best-known holdings have been in the Danger Zone, which is where he puts the ETF itself this week, noting that while ARK Innovation has lost about half of its value since the start of 2021, he believes it could fall  another 70 percent from here. Also on the show, Chuck talks about how long geopolitical events typically effect the market, Giorgio Caputo, senior fund manager at J.O. Hambro Capital Management, discusses how investors can get through the interest rate and inflation transitions and how to invest once the higher-rate environment arrives, and Adam Coons, portfolio manager at Winthrop Capital Management

Bill Nygren, co-manager of the Oakmark Fund -- whose three-decade track record has made him an investment legend -- says that while the video from the Ukraine is distressing and the headlines about interest rates and inflations are worrisome, investors need to stay focused on the long run. Nygren says that he doesn't think 'any of the events we are seeing in the world today will meaningfully affect our estimates of business value,' though he notes that they will move prices to create buying opportunities that will pay off in time. There's also more talk on value investing as Mike Liss of the American Century Value Fund talks 'relative value' and stocks in the Market Call. And in The NAVigator segment, Mike Taggart of Taggart Fund Intelligence and the Active Investment Company Alliance, says that investors seeing discounts widen in closed-end funds due to current market confusion will find that these conditions make it important to buying the underlying asset and not just the biggest discounts.

Eddy Vataru, portfolio manager for the Osterweis Total Return Fund, says that inflation will remain a hot-button topic for investors for several years because the Federal Reserve 'is going to have a really hard time getting 6 or 7 percent inflation down to 2, which is their longer-term target.' Vataru says that how the Fed accomplishes that and the tools they use to reduce inflation will go a long way to determining what the stock and bond markets are capable of achieving and the results they can deliver. Also on the show, there's a new ETF built specifically to take advantage of opportunities in inflationary times, and Tom Lydon of ETFTrends.com makes it the ETF of the Week, and in the Market Call, Christopher Zook, president of CAZ Investments discusses long-term, thematic investing at a time with so many short- and intermediate-term headlines and worries.

Author James Fok discusses his new book 'Financial Cold War,' about economic relations between the United States and China, noting that the longer current tensions linger, the worse the situation gets for both the countries and their citizens. Making the situation worse, Fok says, are that people in both countries are finding it harder to get by, and with politicians glossing over domestic issues and deflecting to an outside enemy, it is stoking the flames of nationalism and making it harder to avoid a damaging economic donnybrook.Also on the show, David Goodsell of the Natixis Investment Managers' Center for Investor Insight discusses a recent survey showing that investors have overblown return expectations that their advisers are struggling to bring in line with reality, and Eric Lynch, managing director at Scharf Investments and portfolio manager on the Scharf Funds talks in the Market Call about balancing upside potential against downside risk.

Both JJ Kinahan and David Trainer gave takes on the Federal Reserve and its influence over the current stock market on today's show. Kinahan, the chief market strategist at TD Ameritrade, says that while he isn't expecting any real surprises from the central bank, the market is craving clarity and guidance before it will settle down and be less volatile and more predictable. Trainer, the founder and president at New Constructs -- who discusses Shake Shack and Carvana in the Danger Zone segment -- says that the Fed 'is not going to take the punch bowl away,' but warns that it will taper its economic relief down to a few drops. Also on the show, Michael Wagner of Omnia Family Wealth talks about how the crisis in the Ukraine will hit home for domestic investors and consumers, and Mark Yusko, chief investment officer at Morgan Creek Asset Management, talks about taking an endowment approach and making innovation an asset class while he discusses ETFs in the Market Call.

Technical analyst Michael Sincere says that the 13-year bear market has set the stage for a bear market on the horizon, though he doesn't know whether the next big decline will be steep and fast or a long, slow, two-bad-days, one-good-day pattern that maximizes the pain. Sincere says he is watching the 50-day moving average and will stay constructive on the market so long as the indexes are above that benchmark. Also on the show, there are discussions about tackling a rising-rate environment and using real assets to help hedge and hold off inflation; the former features Chris Oberbeck, chairman and chief executive officer at Saratoga Investment Corp. talking about business-development companies (BDCs), while the latter interview is with Christopher Huemmer, senior investment strategist for ETFs at Northern Trust. And in the Market Call, Michael Loukas, chief executive officer at TrueMark Investments talks about low-volatility stocks and artificial intelligence and deep-learning plays.

Simeon Hyman, global investment strategist at ProShares, says that the market's rocky start to 2022 has been built around headlines and not the underlying fundamentals, which means that investors should not be changing expectations. He believes that the combination of rising rates, higher-but-controlled inflation and solid economic underpinnings will result in a positive stock market going forward. He does note that investors will want to turn toward dividend stocks to protect against rising rates, but says they will want to avoid TIPS - inflation-protected Treasury bonds - because they don't perform as most people expect during rising-rate environments. Another guest talking inflation is economist Kamran Afshar, who runs the Kamran Afshar Data Analytics Center and uses modeling to help companies forecast and project business conditions, and he discusses how inflation is impacting different groups of people uniquely and that how much trouble it causes an individual turns out to be mostly a factor of the perso

Kevin Mahn, president and chief investment officer at Hennion & Walsh says that investors have been getting ahead of themselves and the Federal Reserve -- wildly anticipating the possibilities -- and should instead wait for the Fed to taper its bond purchases, raise rates twice and start shrinking its balance sheet. 'Then,' Mahn says, 'we can get a good assessment if inflationary pressures are starting to subside and if the economy is continuing to grow.' Mahn expects the economy and the stock market to be in 'still growing but slowing' mode for 2022, even as rate hikes and inflation play out. Also on the show, Noland Langford of Left Brain Investment Research suggests that investors looking for improved returns during the current rate-hike cycle consider corporate high-yield bonds and tax-free municipal bonds as unlikely but interesting alternatives for generating growth. And in the Market Call, Dan Ives of Wedbush Securities -- manager of the Wedbush ETFMG Global Cloud Technology ETF -- talks cloud and