Money Life With Chuck Jaffe Daily Podcast

Frank Holmes, chief executive at US Global Investors, says that key indicators suggest that central banks will keep priming the pump for the global stock market well into 2021 and beyond, and that most current trouble signs will simply turn into short-term dips that represent good buying opportunities as the market and economy emerge from the coronavirus pandemic. Also on the show, Noland Langford from Left Brain investment Research goes to an unlikely place -- the shopping mall -- to find two surprising stocks with the kind of near-term growth potential he likes, and Rob Lutts of Cabot Wealth Management talks stocks in the Market Call.

D.R. Barton Jr., editor of Straight-Up Profits, says that investors have so much money currently on the sidelines that when they start to put the money to work, it will force the market higher no matter the other market conditions, which is why he will be 'buying hand over fist' every market dip for the foreseeable future. Barton particularly likes cyclical stocks right now, but also likes the undervalued industrial companies and says that financials represent his favorite beaten-down sector. In the Big Interview, George Kinder of The Kinder Institute of Life Planning discusses how investors should size up their own good fortunes during the troubles of 2020 and find ways to be mature with their money, making them more generous during the holidays this year. Romana King discusses Zolo.com's recent survey showing how badly consumers overestimate their financial knowledge, and the Market Call has Mark Yusko of Morgan Creek Asset Management talking about how individuals can apply the 'endowment method of investin

David Trainer of New Constructs has railed against Tesla Corp, in the past, putting the company and its stock in the Danger Zone on multiple occasions. He revisits the stock now, as it is entering the Standard and Poor's 500 Index, noting that status won't keep the company flying at its current too-high levels forever. He believe the economic value of the company is less than 10 percent of its current price. Also on the show, Ted Rossman of CreditCards.com discusses the site's latest survey of credit-card fees, cannabis banking expert Jason Wilson of ETF Managers Group discusses pot stocks and how they're responding to increasing legalization via elections held across the country, and David Snowball of MutualFundObserver.com talks about what investors should seek out in funds during the Market Call.

Jonathan Browne, director of closed-end fund research at Robinson Capital, discusses the yield challenges facing investors today, when low interest rates have challenged the traditional 60-40 portfolio and when bonds have performed in lock-step with the stock market. He talks about how closed-end funds offer an 'alternative light' solution to some of those issues. Also on the show, Jill Gonzalez of WalletHub.com discusses the site's new survey on how the coronavirus is re-shaping holiday shopping habits this year, Howard Dvorkin of Debt.com on how to steer clear of holiday spending troubles this year, and Kevin Miller of the E-Valuator Funds talks ETFs and traditional mutual funds in the Market Call.

Mark Hines, managing director at Left Brain Investment Research, says that the 5G evolution is fueling growth among major players -- notably Nvidia -- that is going to continue even when the pandemic ends and the stocks that have benefitted from providing improved stay-at-home technology have seen the big wave settle down. Also on the show, Tom Lydon of ETFTrends.com makes an ESG fund his ETF of the Week, Lauren Kaminsky of EZ Pawn Corp. discusses the pawn business -- the world's oldest form of lending -- and how pawnbrokers have seen unexpected trends during the coronavirus pandemic, and George Young of the Villere Funds talks stocks, dividends and valuations in the Market Call. 

Ryan Detrick, chief market strategist at LPL Financial, says that economic surprises over the last six months have built up 'animal spirits' for the market to push higher, and that once vaccines help to diminish the impact of the coronavirus pandemic that the stock market is headed higher for a long time, delivering low double-digit returns next year. Opening the show talking technical analysis, Jeff Bishop of RagingBull.com talks about why he thinks Santa Claus will be coming to the market in late December and why he isn't currently worried about a big decline from near-record high stock-market levels. Also on the show, author Lawrence Cunningham discusses 'Quality Shareholders' and why individuals should gravitate toward companies that seek out those long-haul focused, patient investors, and Matt Zajechowski of Digital Third Coast discusses the firm's latest research into how the pandemic has changed consumer spending habits.

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.

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.

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.'   

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.

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.

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 defie

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.'

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. 

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.

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.

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.

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.

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.

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.