Money Life With Chuck Jaffe Daily Podcast

Before even getting to today's interviews, Chuck discusses the fallout from Netflix losing one-third of its value on Wednesday, and how a big popular security being challenged this way becomes the perfect opportunity for individuals to see if their portfolio has passed a key stress test. Also on the show, Tom Lydon of ETFTrends.com picks a new fund highlighting the consumer market in India as his ETF of the Week, David Rainey of the Hennessy Focus Fund discusses the market and the challenges of concentrating a portfolio during times with high inflation and rising interest rates, and Patrick Healey, president of Caliber Financial Partners, talks stocks in the Market Call.

Chris Retzler, portfolio manager for the Needham Small Cap Growth Fund, says that current economic conditions impacting growth stocks have weighed particularly heavily on smaller companies, and he expects that pain to continue, worsening about a year out as the economy struggles to digest higher inflation and heightened interest rates. In the Market Call interview, Retzler notes that he expects that tough period to set up some strong buying opportunities that will pay off for long-term investors down the line. In the Big Interview, Rahul Sen Sharma, managing partner at Indxx -- which develops new indices for use measuring the investment world in different ways -- talks about how indexing is evolving, how it's possible to accurately capture something as complex as the Metaverse in a benchmark, and how individual indexes and other measures need to avoid falling into the trap of using a good methodology -- indexing -- but applying it poorly to the investment world. Also, Chuck answers a listener's question about

Chuck plays a recent cold-call conversation in which a representative from "Card Services" suggests that a superior credit history has earned the chance for a credit card that charges zero interest ever, and that offers 20 percent cash back for every purchase. The card may be too good to be true -- though Chuck got multiple offers for it -- but the conversation must be heard to be believed. And it's calls like that -- and other personal financial issues -- that leave many seniors vulnerable to fraud, scams and also family money pressures; in today's Book Interview, Naomi Karp, co-author, "Thinking Ahead Roadmap: A Guide to Keeping Your Money Safe as You Age" discusses the importance of selecting a "financial advocate" and the role they can play as you age. Also on the show, Matt Zajechowski discusses a HomeAdvisor.com survey into how many people would be willing to move into a tiny home, especially if it help them beat the rising cost of housing, plus we revisit a recent conversation with Chris Vermeulen, chi

Buck Klintworth, senior vice president and portfolio manager at Chase Investment Counsel, says there "are very few glimmers of hope out there" in the stock market right now, noting that the market currently resembles 2007 when it was reaching highs ahead of the major downturn of 2008. With high inflation and rising interest rates, Klintworth says that "We are sort of playing 'Fear Factor, Stock Market edition,' and when that happens, nothing good happens for people." Klintworth acknowledges that the market might be able to avoid big trouble, but says investors need to recognize that the market currently may be building a top. In the Danger Zone segment, David Trainer of New Constructs says that the recent actions of Elon Musk are not only going to impact the way investors see Tesla, but all meme stocks, and he expects that Musk's dalliance with Twitter will wind up being a catalyst for investors to take a bigger look at fundamentals, creating a major problem for Tesla and other hot stocks. Also on the show, B

Karl Mills, president of Jurika, Mills & Keifer, says that the high-inflation, rising-rate global economy is challenging investors to buy assets "that float and swim," namely stocks and real estate, because bonds -- the traditional safe asset -- sink in these conditions, with "an almost-guaranteed loss of purchasing power." Mills thinks the market has the potential to rise from now to the end of the year, but says that any rally will be more sector- and industry-specific rather than being an across-the-board higher tide for all. Meanwhile, Jose Torres, senior economist at Interactive Brokers, says that consumers are slowing down and cutting back spending before the Federal Reserve has done much tightening, which he considers a potential warning sign for how the economy could struggle as the central bank grapples with trying to create a proverbial soft landing. Also on the show, Tom Lydon of ETFTrends.com looks to Brazil with his ETF of the Week, and Ted Rossman of CreditCards.com discusses how consumers a

John Waggoner, financial editor at AARP.org, says that the current wave of inflation -- most recently pegged on Tuesday by the government at 8.5 percent -- is not the same as what older investors remember from the late 1970s and early 1980s, but he cautions those older investors to avoid knee-jerk reactions to higher prices, noting that diversification -- buying undervalued securities, investing in securities delivering long-term income streams, and even holding cash to avoid having to sell anything into current conditions -- remains the time-tested way to avoid getting crunched by volatile markets and troubled economies. Also on the show, Ed Carson, news editor at Investor's Business Daily, discusses the latest IBD/TIPP Economic Optimism Index, which remained in negative territory for the eighth straight month despite a massive, 11 percent uptick in positive sentiment, and Daniel Kern, chief investment officer at TFC Financial Management, talks about mutual funds and ETFs -- and how individuals might be tink

Leading retail industry analyst Dana Telsey, chief research officer at Telsey Advisory Group, says that the retail industry is poised to overcome high inflation, rising interest rates, supply-chain issues stretched by Russia's invasion of Ukraine and more thanks to culture and structural changes, the closing of struggling stores and lagging shopping centers and a resilient, healthy consumer. Telsey acknowledges how retail struggled during the first quarter of the year, but noted that she has high hopes for the remainder of the year, especially as big events and celebrations return to help drive additional shopping. Talking technical analysis, Brent Kochuba, founder of SpotGamma.com, says that current neutral sentiment among traders is a warning sign that a market decline could be in the offing, particularly if the Standard & Poor's 500 remains below the 4,500 level, allowing volatility to build up, potentially generating downward pressure. In the Book Interview, Mary Childs -- co-host of Planet Money on N

Jurrien Timmer, director of global macro for Fidelity Investments, says that investors are betting that the current market can be a replay of 1994 -- when the Federal Reserve was raising interest rates to offset inflation and shooting for a proverbial soft landing -- which could mean a sideways path or a holding pattern while the central bank is tightening. Timmer says that while earnings are growing, the market can avoid a more significant downturn. David Trainer of New Constructs explores companies where "street earnings are too high," which means they are in danger of an earnings miss; his list of companies in this condition includes Amazon.com and financial giants Invesco and Wells Fargo. Also on the show, author Keisha Blair discusses "Holistic Wealth" and how the approach can help individuals overcome the disruption of recent events to reach their financial goals, and Chuck answers a listener's question about changing financial advisers.

Jeff Bishop of RagingBull.com says that gold is setting up on a technical basis for a strong rally over the next year. While gold is often used as a hedge against inflation -- and it has struggled in that role as inflation across the country has reached its highest levels in 40 years -- Bishop says it is currently poised to go "well above $2,000" in the next year. Bishop, who is not typically a gold bull, says that rising inflation and interest rates and other fundamental issues are combining with strong technicals to make the precious metal as one of the better long-term trades investors can make now.  In The NAVigator segment, Steven Bavaria of "Inside the Income Factory" on SeekingAlpha.com, discusses how investors seeking cash-flow without much regard for total return have been weathering the market's storms of the first quarter, Bankrate.com analyst Sarah Foster discusses the site's "True Cost of Insurance" report, and Ivana Delevska of SPEAR Invest talks about investing in industrial companies and indus

Kathy Boyle, president of Chapin Hill Advisors, says she expects the stock market to go through a "very bad period" ahead, the result of a recession that she thinks is brewing right now, a hunch that is supported by an inverted yield curve, high inflation and other conditions. As a result, she says investors don't want to hold long-maturity bonds, and need to be careful about dividend-focused funds and broad market exposure. Also on the show, Tom Lydon of ETFTrends.com says that the JETS ETF has the potential to give investors a nice takeoff and a soft landing, Matt Schulz of LendingTree discusses what taxpayers are planning to do with any refunds they receive this year, and retirement expert Anne Lester -- the former head of retirement solutions for JPMorgan Asset Management -- talks about how long-term investors might adjust portfolios and strategies now, without letting current events completely take over and messing things up.

Bryce Doty, senior portfolio manager at Sit Fixed Income, says that a miserable first quarter and the threat of more interest-rate hikes have bond investors feeling miserable, but he believes that the worst is over for bonds, noting that the rate hikes have already made it that investors can now generate at least a small amount of income from short-term bonds, something that wasn't possible at the start of the year. Doty says that he doesn't think the Federal Reserve will be able to take rates as far as central bankers seem to want to go, due to some economic struggles; that moderation, in turn, means less damage to the bond market, giving bond investors a reason for optimism even though headlines make things seem bleak. Also on the show, Roger Young from T. Rowe Price discusses the firm's 14th annual "Parents, Kids & Money" survey,  which showed that the emergency of cryptocurrency has created excitement in families and the opportunity for more meaningful talks about money and investing, and Andy Braun o

Chris Vermeulen, chief market strategist at The Technical Traders, says that 'the red flags are in the air that the market is ready to roll over,' and while he sees the current rally continuing for another month or two, any upward moves right now are setting up for a bear market, a downward move of more than 25 percent. "Somebody putting money into almost anything right now is carrying a ton of risk," Vermeulen says. "Everything is very overpriced." Also on the show, Chuck looks back at the completion of the NCAA men's basketball tournament on Monday and uses it as a metaphor for building a portfolio, and we revisit a recent discussion with Edward Yardeni, chief investment strategist at Yardeni Research.

David Trainer, president at investment-research firm New Constructs, says that 80 percent of the Standard & Poor's 500 companies are overstating earnings, and he highlighted Illumina as topping the list, saying the company is overvalued as a result. The company is currently trading for about $350, but Trainer put it in "The Danger Zone" because it has an economic book value of "negative two dollars." Also on the show, Ron Ruffinott of Toluna discusses their recent survey showing that one-third of Americans feel markedly worse off financially now compared to a year ago, economist/author Jonathan Haskel discusses his new book -- "Restarting the Future: How to Fix the Intangible Economy," and Brad Lamensdorf of Active Alts and the Ranger Equity Bear ETF returns to talk stocks in the Market Call.

Brad Lamensdorf, editor of the Lamensdorf Market-Timing Report and chief executive officer of Active Alts, says that investors can expect a lot of 'sub-surface  volatility throughout the entire year," but all of that chop amounts to the market getting past the bigger-than-expected gains of 2020 and 2021. Lamensdorf says that most market sentiment gauges and indicators are negative but that is creating some pockets of opportunity, though they are hard to spot amid bear-market bounces. Also on the show, Edward Yardeni of Yardeni Research returns for a second day, this time to talk about his latest book, "In Praise of Profits," Michael Bell of Primark Capital discusses how private-equity investments can bring something to a portfolio that most investors are missing, and Simon Lack of SL Advisors -- the firm behind the American Energy Independence Index -- returns to talk about energy stocks in the Market Call.

Edward Yardeni, president and chief investment strategist at Yardeni Research, says that the current wage-price-rent spiral is likely to spur businesses to spend money to increase the productivity of workers. If that innovation and change occurs -- and Yardeni believes there will be a 'productivity boom' -- a decade that started out pretty badly could instead turn into the Roaring 2020s. Yardeni says that solid economic underpinning will make it that inflation and interest rate hikes will not turn into a repeat of the 1970s, avoiding deep, long recessions or worse even while conditions feel bad. Also on the show, Tom Lydon of ETFTrends.com looks to emerging markets and internet/e-commerce for his ETF of the Week, and Ryan Jacob, chief investment officer of the Jacob Funds, talks technology stocks in the Market Call.

There is nothing about inflation hitting its highest levels in 40 years that makes anyone feel good, but Chuck looks beyond the big number to talk about the actual impact that higher prices are having on people, and concludes by noting that the costs and the choices inflation is creating are uncomfortable but manageable. As a result, while he understands the grumbles -- saying he complains himself every time he fills up his gas tank -- his bigger message remains that 'Higher inflation is not going to break you.' Also on the show, Marketwatch columnist Brett Arends discusses the fallout from Barstool Sports founder Dave Portnoy calling Warren Buffett 'washed up,' a call that looks particularly foolish given the time since when Warren Buffett's personal fortune roughly doubled to over $100 billion in short order. Mark Hamirck of Bankrate.com discusses his site's latest survey of workers and their outlook on jobs and working conditions, and Jillian DelSignore of FLX Networks discusses the evolution of the ETF bu

Matt Hougan, chief investment officer at Bitwise Asset Management, says that the cryptocurrency market's fear over regulation is misplaced, and while threats of regulation send the market into a tizzy, he thinks that worry is misplaced and directed toward heavy-handed regulatory efforts. He thinks the potential for regulation will turn from a headwind to a tailwind, because decentralized finance goes mainstream through regulatory guidance that makes consumers more comfortable with digital assets. In a wide-ranging interview, Hougan also talks about how cryptocurrencies have performed against inflation, in the war in Ukraine and more, and discusses how non-fungible tokens are the latest verse in an age-old song of how societies develop arts and cultures during times of financial success. Also on the show, Shelly-Ann Eweka, senior director for advice strategy for TIAA, talks about how gig workers and others with non-traditional jobs can still participate in traditional retirement-savings programs, and David Mil

David Trainer, founder and president of New Constructs, says that HubSpot is worth only about 15 percent of what its stock currently is trading for, and he's putting it in 'The Danger Zone' because it faces stiff competition in an industry that is being commoditized, leaving it littel room to grow profitably, let alone at the incredibly high valuation the market has given the stock for now. We've also got Mike Bailey of FBB Capital partners, back to discuss his new book 'Stop. Think. Invest: A Behavioral Finance Framework for Optimizing Investment Portfolios, plus Ken Mahonet of Mahoney Asset Management talks stocks and ETFs in the Market Call, and Chuck shares his thoughts and appreciation for Ned Johnson, the man who built Fidelity Investments from a family business to the world's largest and most influential financial-services firms.

Joe Kalish, chief global macro strategist at Ned Davis Research, says that longer-term inflation will be what determines whether the economy can continue to avoid a recession and the market can sidestep a protracted downturn. With that in mind, Kalish expects the Federal Reserve to raise rates repeatedly until it can be confident that inflation has peaked, is passing through temporary troubles and gets to long-term target levels at 2.1 percent. Kalish, says, though, that he believes that goal will take longer than the Fed expects to be accomplished, meaning that economic doldrums will also go on for longer than forecast. In The NAVigator segment, Mitchel Penn of Oppenheimer and Co., talks about the challenges of analyzing and evaluating business-development companies, highlighting why one particular BDC -- Runway Growth Finance Corp. -- appears ready to outperform the market and the competition. And in the Market Call, Mike Bailey, director of research for FBB Capital Partners, talks about taking a "beat and

Hank Smith, head of investment strategy for The Haverford Trust Co., says that rising volatility and heightened uncertainty shouldn't push investors out of the market, because times like these prove the value of being fully invested in all conditions, and having money in the market whenever a bottom is reached. In the Market Call, Smith talks about how owning great companies with long histories of dividend payments creates the confidence to ride out tough times en route to long-term success. In the 'ETF of the Week' segment, Tom Lydon, chief executive at ETFTrends.com, discusses one of the biggest, most-popular ETFs -- a Standard and Poor's 500 Index fund from Vanguard -- noting that the pick isn't just trending but it's an appropriate allocation for investors with too much cash on the sidelines. Also on the show, Kirsten Grind, co-author of 'Happy At Any Cost: The Revolutionary Vision and Fatal Quest of Zappos CEO Tony Hsieh,' and Ted Rossman, senior industry analyst at Bankrate.com discussing the site's 202