Money Life With Chuck Jaffe Daily Podcast

Joseph Brusuelas, chief economist for RSM, says the economy will boom in the next year or two in ways 'you haven't seen since the late Reagan Administration.' But even though the economy will fire on all cylinders, he says it will not return to the pre-pandemic status quo, with 'permanent economic scarring' in some sectors and in employment that could last for many years. Also on the show, Patrick O'Hare, chief market analyst for Briefing.com, says that he expects the stock market to be on solid ground moving forward, but he warned that investors should expect returns that are below historic levels as the market slows to allow the economy to catch up. In Left Brain Thinking, Brian Dress, director of research at Left Brain Investment Research, discusses the high-yield bond market and how yield-driven investors need to include high-dividend stocks and business-development companies in their search for income.

Kristina Hooper, chief global market strategist at Invesco, says that a re-opening post-pandemic economy will release pent-up demand that fuels significant growth, overcoming current inflation concerns and more. She points to countries like Israel and Great Britain -- which are closer to full re-opening than the United States -- and says the economic strength shown there is a pattern the US is likely to repeat. Also on the show, two different interviews with long-term technical analyst Michael Sincere, first on where the market stands right now and then on his new book, 'Make Money Trading Options," and Bill McManus of Hartford Funds discusses the firm's recent survey which shows changing sentiments and ambitions for investors -- especially young investors -- in the wake of the Gamestop action on Wall Street.

Paul Wick, long-time manager of the Columbia Seligman Communication and Information Fund -- one of the most successful sector funds in history -- says that the long bull market in technology was built on top of falling interest rates, and that the next quarter-century will see a different rate trend that forces investors into more muted expectations. Wick says, however, that there are still reasonably valued tech stocks positioned to maintain explosive growth for the foreseeable future. Also on the show, Ken Tumin discusses a MagnifyMoney.com study showing that investors are giving up on savings bonds and certificates of deposit, David Trainer of New Constructs highlights the troubles ahead for Spotify and suggests investors look at Sirius-XM instead, and Dan Ives of the Wedbush ETFMG Global Cloud Technology ETF offers an extra helping of technology talk in the Market Call. 

Neil Azous, chief investment officer at Rareview Capital, says that 10-year real US interest rates -- which have been on the rise recently and which jumped on Thursday -- are 'the most impending danger' to investor portfolios. He says the market is now acting as if the pandemic is nearly over and says that investors need to be thinking of the big economic themes beyond the re-opening, including the changing rate picture. Also on the show, Robin Gaster, the author of the new book 'Behemoth, Amazon Rising,' and Jay Hatfield, chief executive officer of Infrastructure Capital Advisors, who discusses income-oriented stocks and real estate investment trusts in the Market Call.

Lucas White, portfolio manager for resources and climate-change strategies at GMO big-oil is due for a big rally. He notes that while oil prices are up 20 percent in the last year, they are still well below pre-pandemic levels, which gives them the potential to register massive gains as the economy starts to shake off its pandemic slumber. Also on the show, Tom Lydon of ETFTrends.com talks about SPACs -- special purpose acquisition companies -- and the ETFs that have jumped in on this new Wall Street Craze, and Brent Wilsey of Wiley Asset Management talks stocks in the Market Call. 

Stephen Dover, chief market strategist for Franklin Templeton, says in the Big Interview that he sees a rise in inflation, but thinks the economy can put off any serious bump in prices for as much as three years. He recognized the problems and issues for both stocks and bonds, but still says that investors should stick with domestic and international markets for stocks and bonds to take advantage of the market while it keeps running. Also on the show, Freddy Garcia of Left Brain Investment Research discusses when and why investors might want to convert traditional individual retirement accounts into tax-free Roth IRAs, and Jack Murphy of Levin Easterly Partners talks value-oriented, event-themed investing in the Market Call.

David Souccar of the Vontobel Quality Growth fund says there are two markets right now, one featuring very speculative stocks and the other being real growth opportunities, and he notes that 'What you do not own will be as important as what you do own when we get out of this.' But Souccar isn't the only guest expecting tough sledding ahead for the market, as Jeffrey Bierman of TheoTrade.com notes that conditions could force interest rates higher -- which he says would be devastating to the market -- and that nine of the market's 11 sectors are significantly already overvalued, giving the market more downside risk than upside now. Also on the show, Simon Zhen of MyBankTracker.com on surprising consumer banking habits in the pandemic and Randy Warren of Warren Financial talking high-conviction stocks in the Market Call.

Scott Helfstein, executive director of thematic investing at ProShares, says the big investment themes of 2020 -- stay-at-home/work-from home, cloud computing, cyber security, remote technologies, streaming, gaming and e-commerce among them -- were driven less by consumer sentiment than by underlying fundamentals, and that solid footing will keep those sectors rolling even as the economy emerges from the pandemic over the course of 2021. Also on the show, Ron Ruffinott of Toluna discusses a survey on when Americans will be ready to get back out for travel, when they will revisit shopping malls and more, David Trainer of New Constructs discusses the importance of reading footnotes to find where companies exploit accounting loopholes, and Andy Braun of the Pax World Large Cap fund talks ESG investing in brand-name companies in the Market Call.

Ron Sanchez, chief investment officer at Fiduciary Trust Co. International, says that the disconnect between the market and the economy -- with exceptional markets but  a poor economy -- is going to be reversed for the next few years, and said he expects the recovery to drag out for several years until unemployment levels return to pre-pandemic lows. Also on the show, Chuck answers a question about rewards cards versus cash-back benefits on credit cards, and closed-end fund expert Maury Fertig of Relative Value Partners talks about the broad trends he sees in the NAVigator, and returns to discuss specific investments in the Market Call.

Bob Fraser, chief financial officer for the Aspen Funds, says that a combination of strong consumers and a housing market with insufficient supply are creating a strong outlook for real estate and the broader economy for at least the year ahead. In the Big Interview, Fraser discusses changes to the real estate market that have been accelerated by the pandemic, but also says that he does not expect those trends to stall or back up as the economy moves into post-pandemic activity. Also on the show, Tom Lydon of ETFTrends.com tabs a unique China-focused fund as his 'ETF of the Week,' Chuck answers two questions from audience members, and 'Turtle Trader' Jerry Parker of Chesapeake Capital talks stocks in the Market Call.

Michael Loukas, chief executive officer at TrueMark Investments -- which recently launched the DIVZ ETF that focuses on high yielding but low-volatility stocks -- says the financial services and health-care sectors are the sweet spots right now for generating yield without creating much froth in a portfolio. He says in the Market Call which stocks he particularly likes in each space. Also on the show, author Aaron Nannini discusses his new book, 'Cash Uncomplicated,' and how investors must change their mindset to succeed, Janice Quek from Left Brain Investment Research talks about an education stock that is a surprising beneficiary of the pandemic, and Chuck answers an elderly woman's credit-card question with the help of Bankrate.com's Greg McBride.

Joe Kalish, chief global macro strategist at Ned Davis Research, says that investors using the standard 60-40 stocks-to-bonds asset allocation need to reconsider their strategy because bonds will not deliver historic results in the future. Kalish suggests putting 20 percent of the bond weighting into alternatives, including real estate investment trusts and dividend-paying stocks. Kalish also discusses the return of inflation and where it goes from here, and gives his outlook on the market for 2021. Also on the show, David Trainer of New Constructs.puts Beyond Meat in 'the Danger Zone,' saying its 'fundamentals are beyond ridiculous and its valuation is beyond absurd,' Greg McBride, chief financial analyst at BankRate.com discusses a survey showing that barely half of Americans have more in emergency savings than they are facing in credit-card debt, and Bryan Lee of Blue Zone Wealth Advisors talks stocks in the Market Call.

Vincent Reinhart, chief economist at Mellon, says the economic activity is being miscategorized as a recovery because it is just a rebound until we see a return to something much closer to pre-Covid levels on unemployment and economic activity. That bodes well for a broader economic recovery once the pandemic has ended. Also on the show, John Kosar of Asbury research says the market is likely headed for a correction of 10 percent or more before it can get much higher, Bill Pekowitz of the Aberdeen Global Premier Properties Fund talks about how coronavirus 'put real estate in the crosshairs,' and Julian Koski of New Age Alpha talks about avoiding losers in the Market Call.

Justin Carbonneau of Validea.com says that small-cap and value stocks have bounced back hard since last fall's election, but that run has not excluded growth and momentum companies and more, leading to a broad-based rally that he believes can be sustained for a while. Also on the show, Tom Lydon of ETFTrends.com makes a heart-themed ETF his Valentine's-related pick for 'ETF of the Week,' Rance Masheck of iVestPlus discusses trading platforms and why investors may want to use multiple brokerages, and Howard Dvorkin of Debt.com has some Valentine's-related advice on how couples can fall in love and not allow money issues to get in the way and spoil everything.

Everett Millman, precious metals specialist for Gainesville Coins, says that the market is 'in the early innings' of a cyclical bull market for commodities -- with oil and agricultural prices on the rise -- which typically is a precursor to an increase in the price of precious metals. Millman discusses the recent frenzy in silver trading and how it's likely to play out uneventfully. Also on the show, Mark Hines of Left Brain Investment Research highlights the firm's Chosen List and one stock that's on it in February, Kenny Rose, founder of FranShares talks about crowd-funded investing in franchise buyers, and author Jack Schwager talks about his latest book, 'Unknown Market Wizards.'

Andrew Foster, manager of the Seafarer Overseas Growth and Income Fund, says the best bargains in emerging markets are in the countries that are still mired in coronavirus troubles, and he expects normalization to happen until at least 2022, with ‘tough sledding’ keeping markets there depressed in the interim, creating potential investment bargains. Also ont eh show, Jim Welsh of Smart Portfolios says he expects inflation to reach 3.5 percent by the summer and in that time also thinks the Standard and Poor’s 500 to drop down to roughly 3,500 before bouncing back and hitting new highs in the 4,000 range by summertime, Chuck discusses what investors might take from the firing of longtime Fox Business host Lou Dobbs, and Art Amador of the AI Powered Equity fund talks stocks in the Market Call.

Matt Lloyd, chief investment strategist at Advisors Asset Management, says investors may need to adjust expectations for market returns over the next five years, as stocks deal with changes in growth, bonds deal with low interest rates and the economy starts to face down inflation. Also on the show, Rodney Brooks of US News and World Report discusses the Biden Administration's potential plan to eliminate tax-deductibility of 401(k) plans -- favoring tax credits for contributions instead -- David Trainer of New Constructs discusses his firm's win on Gamestop as well as another pairing of stocks looking at what he describes as a 'micro bubble,' and Matt Breidert of the Ecofin Global Renewables Infrastructure fund covers stocks in the Market Call.  

Lindsey Bell, chief investment strategist from Ally Invest,  says that worries about inflation being spurred by economic stimulus are real, and while she thinks the real troubles with rising prices are still a few years off, she expects an inflation spike this year and says it could be the hot topic this summer, as prices rise but the Federal Reserve holds the line on low interest rates. Also on the show, Wendy Huang of the London Stock Exchange Group, discusses why fund sponsors and businesses are finding it particularly lucrative and timely to open new issues overseas now, and Thomas Kirchner of the Camelot Event-Driven Fund talks stocks in the Market Call.

Janet Brown, chief executive at the FundX Investment Group -- which invests using an 'upgrader strategy' trying to ride the market segments that are hot -- says that market leadership has been changing and that while domestic large-cap growth stocks aren't falling out of favor, small-company issues, value investments and international funds are all looking like they are ready to take over market leadership in 2021. Also on the show, Tom Lydon of ETFTrends.com makes an international small-cap fund his 'ETF of the Week,' Jeff Lipton of Oppenheimer and Co. talks the municipal bond market and why he thinks investors should favor munis over Treasuries this year, and Chuck takes an audience question about keep-the-change programs like the popular Acorns app.

Today, a Money Life first, with two money managers disagreeing about the same stock -- one saying he would buy it now while the other would sell it and avoid it -- on the same show. Learn about the stock and get a lot of broad market reaction and more today from Noland Langford of Left Brain Investment research, Ben Cook, the portfolio manager of Hennessy BP Energy fund, Ted Rossman of Creditcards.com and in the Market Call with Bernie Horn of Polaris Global Value fund.