Money Life With Chuck Jaffe Daily Podcast

Chuck covers a lot of ground, literally and figuratively, in today's show, with Tom Lydon of ETFTrends.com making a marijuana offering his ETF of the Week, talking with Carter Malloy of Acre Trader, a platform that lets individual investors do high-yield investing by buying directly into farmland, and talking mutual funds and ETFs in the Market Call with Kevin Miller of the E-Valuator Funds. Plus, Ted Rossman of CreditCards.com returns for the second time this week to talk about a survey, this time on how people plan to pay for their holiday travels.

Shawn Cruz, manager of trading strategy for TD Ameritrade, said that the market is fighting conflicting trends but noted that any sort of meaningful improvements in the trade war with China would likely help stocks break through to new highs, as he believes the market is trying hard to continue climbing. Also on the show, Mike PeQueen of HighTower Advisors said he believes that solid fundamentals will allow the market to climb the proverbial 'wall of worry' without suffering through a recession until at least 2021. Greg McBride of BankRate.com discusses his site's most recent survey of fees and charges levied by banks, and Francisco Bido of Cognios Large Cap Growth fund makes his debut in the Market Call.

Zach Jonson, senior portfolio manager at Stack Financial Management, said that investors and the stock market are being pulled in good and bad directions by an 'economic and emotional tug-of-war caused by the trade war with China, changes in interest-rate policies, the news cycle and more. He pointed out that the market has positive signs -- like market breadth at near highs -- and negative signals, like the struggles in transportation and small-cap stocks. He is remaining defensive, but looking for opportunities. Also on the show, Ted Rossman of Bankrate.com discusses the number of Americans who earn, but then lose, credit-card rewards, we rebroadcast a recent chat with Tom Stringfellow of Frost Investment Advisors, and Eric Ross of Cascend Securities makes his debut talking stocks in the Market Call.

Jeffrey Hirsch, editor of the Stock Trader's Almanac, noted that the market's technicals are strong enough that the Almanac issued a buying signal on Oct. 11, expecting 2019 to have the traditional strong end to the year rather than repeating the significant decline investors lived through a year ago. Hirsch also talked about the impact elections have on the market and more. Also on the show, Geoffrey Brown of the National Association of Personal Financial Advisors discusses how many people wish they could have a financial do-over, Kyle Guske of New Constructs puts the worst fund in the worst-performing investment category in the Danger Zone, and Rich Moroney of the Dow Theory Forecast and Upside newsletters talks stocks in the Market Call. 

Mona Mahajan, US investment strategist for Allianz Global Investors, says that while there are legitimate concerns about slowing global economic growth and headline risks from trade wars to impeachment and more, the underlying numbers show signs of re-emergent growth, the kind of 'green shoots' that could carry the long-running bull market to new heights next year if they're fostered and allowed to grow. Also on the show, Ken Berman of Gorilla Trades is equally bullish -- if not more so -- in discussing the stock market's technical side of things, Joshua Deringer of Drinker, Biddle and Reath explains the inner workings of 'interval funds' -- a type of closed-end fund that is growing in popularity -- in The NAVigator, and Darren Kottle of Catalyst Multi-Strategy Fund talks stocks and tactical investing in the Market Call. 

College professor Emily Gallagher discusses her recent research looking at the amount of emergency savings that appears sufficient to allow individuals to overcome standard emergencies and avoid falling into significant financial distress, disclosing just how much to keep on hand. Also, Chuck talks with Tom Lydon of ETFTrends.com about a housing fund, covers the best mortgage lenders with Gina Pogol of HSH.com, and talks stocks in the Market Call with Leon Wilfan of Lahardan Financial.

 Matt Harris, head of investment strategy at HighTower Wealth Management, says that while people are nervous about economic, market and political headlines, that's not showing up in how they act as measured by technical analysis. Harris says that indicators like breadth, the spread of companies rising and falling and more are not typical of a market top or indicating a price drop over the next few months. Also on the show, Chuck talks with author Devon Powers about the business of forecasting the future, discusses Halloween spending with Matt Schulz of CompareCards.com, and revisits his recent chat with Nobel Prize-winning economist Robert Shiller.

Lawrence McMillan, head of McMillan Analysis, said that the current range-bound market has indicators that can work for short-term trades, but nothing that really allows him to look out more than a few weeks. He is looking for the market to break through resistance at 2,993 on the Standard and Poor's 500 and hold beyond that level, but noted that if a rally falls short, the market could see a double- or triple-top, which is a sign of trouble ahead. Also on the show, Sylvia Jablonski of Direxion Investments says there is still growth left in the market and she highlights good ideas for trading in a sideways market, Mike Brown of Lendedu highlights the huge amount newlyweds paid to hold their wedding, and we revisit a recent Market Call with Ed Shill of QCI Asset Management.

Aaron Glantz, author of the new book 'Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream," discusses how a story looking at the financial crisis of 2008 led to massive profits for several leading players,including members of the current administration in Washington. Also, Catherine Collinson of the Transamerica Center for Retirement Studies talks about why employers don't believe their workers are ready for retirement, David Trainer of New Constructs talks about the danger of believing ordinary earnings reports and Bill Matson of Oyster River Financial covers data-driven investing in the Market Call.

John Blank, chief equity strategist and chief economist at Zacks Investment Research, gives a compelling look at what he believes are key numbers to draw the conclusion that investors won't have to worry about a recession in the United States for at least a year and more likely into 2021 and beyond. With little to no growth around the world right now, Blank suggests that investors -- especially those with shorter time horizons -- focus more on domestic stocks because despite a slowing economy the best growth opportunities remain here. Also ont he show, Patrick Shaddow of S-Network Global Indexes talks about ETFs made up entirely of closed-end funds, Toni Turner of Trendstar Trading Group discusses the market's potential to reach a triple top, which is a technical indicator of trouble ahead, and Manny Weintraub of Integre Asset Management covers growth-at-a-reasonable price stocks in the Market Call.  

Bernie Horn, portfolio manager at Polaris Global Value, says that while the U.S. stocks have sharply outperformed international stocks since the financial crisis of 2008, the situation has now gotten to where foreign valuations are increasingly attractive, and he noted that if you can find the right valuations in businesses that are able to grow cash-flow over time, the stock should ultimately pay off no matter where in the world it is based. Also on the show, Tom Lydon of ETFTrends.com makes an actively managed municipal bond fund his ETF of the Week, Pat Rowan of TIAA discusses Americans' confidence in retirement, and Craig Curlop of biggerpockets.com talks about his new book on 'house-hacking,' a strategy where you buy multi-unit properties, live in one unit and rent the others, uing the rent to pay your mortgage and effectively letting you live without having to make a monthly housing payment of your own.

Chuck talks about the twist he is putting in place for his annual 'trade or treat' Halloween tradition that lets children choose between money and candy while learning about risk, return, rewards and more every year. He's hoping you will come up with your own twist on cash or candy this year. Also, Ray Baraldi and Richard Flahive of HighTower Advisors discuss real assets' role in a portfolio during volatile times, Terry Jones of Investor's Business Daily covers the latest IBD Investor Optimism Index and Trip Miller of Gullane Capital Partners covers value investing in the Market Call.

Nobel Prize winning economist Robert Shiller joins Chuck to discuss his new book on 'narrative economics' and notes that the current narratives generating viral stories and affecting the economy are the stories about trade and tariff wars and the future of free trade with China. Also on the show, Eleanor Laise of Kiplinger's Personal Finance discusses the importance of shopping around during the open enrollment period to see if you should change Medicare Plans, and Leah Bennett of Westwood Wealth Management talks quality socks in the #MoneyLifeMarketCall.

Tom Stringfellow, chief investment officer at Frost Investment Advisors, says that the current mix of good and bad news -- a 50-year-low in unemployment,impeachment headlines, interest rates and much more -- has confused investors and is pushing them some of them to seek shelter, making a mistake of not being fully invested at a time when the market continues going up despite all of the conflicting data and information. Also on the show, Greg Daco of Oxford Economics and the National Association for Business Economics, talks about the economist survey released today which shows that leading financial minds feel that recession isn't likely until late 2020 or beyond, David Trainer of New Constructs puts a pot stock in the Danger Zone, and Ben Johnson, director of ETF research, covers exchange-traded funds in the market Call.

Adam Grimes, president of Talon Advisors, said that while news headlines and market volatility might give investors pause for the near term, long-range investors should not be concerned about the market's technicals, and should view downturns cautiously as buying opportunities. He noted that when the market is range-bound -- as it has been -- but generally staying near the top level of the range, that typically bodes well going forward. Also on teh show, Kimberly Flynn of XA Investments talks about alternative investments available in closed-end funds in The NAVigator, Pat keon of Lipper at Refinitiv discusses why investors flooded junk-bond funds with money in recent weeks, and Brian Gahsman of the AlphaCentric Robotics and Automation fund has the Market Call.

Richard Sapertein, chief investment officer, Treasury Partners, gives a surprising take on how bond investors -- facing negative interest rates on international treasury securities and falling interest rates at home -- should actually extend maturities on the fixed-income instruments they are using, even though that could put them on the short end of the inverted yield curve. Also on the show, Tom Lydon of ETFTrends.com says value is coming back into vogue with his pick for the 'ETF of the Week,' Rich Polimeni of the College Savings Foundation discusses about how parents may know the value of saving for college but still are over-reliant on debt, and Oliver Pursche, chief market strategist at Bruderman Asset Management talks growth at a reasonable price in the Market Call.  

George Schultze of Schultze Asset Management says in the Market Call that investors should not be afraid of bankruptcy and other troubling corporate situations because they are running away from opportunities rather than seizing on them. Also on the show, Chris Mamula, a leader in the "Financial Independence" realm talks about the new book he helped to write, 'Choose FI: Your Blueprint to Financial Success," plus Michael Sheldon and Peter Lang of HighTower Advisors discuss the benefits of mixing active and passive management in a portfolio.

Everett Millman, precious metals specialist at Gainesville Coins, says that he expects gold to be range-bound and move sideways for as long as the big macro issues like he trade war with China and interest rates domestically go unresolved, but he expects gold to mostly hold to current, recently inflated values because there isn't much on the horizon to drive prices down. Also on the show, Gina Pogol of AmOne.com discusses a survey on big personal-finance mistakes, Sa El of SimplyInsurance.com joins Chuck to answer an audience question, and we rebroadcast a recent interview talking global markets with Giorgio Caputo of J.O. Hambro Capital Management.

Mark Hamrick of Bankrate.com chats with Chuck about his firm's latest research, which showed that despite a decade of economic expansion, nearly 40 percent of Americans still list catching up on bills as their biggest financial priority, followed by saving more and paying down debt. Also on the show, Sally Outlaw of Worthy Financial discusses how her firm's crowd-funding of small-business bonds has created a higher-yielding alternative to money-market accounts, Kyle Guske of New Constructs puts a high-cost technology fund in the Danger Zone and Ed Shill of the five-star QCI Balanced fund talked stocks and valuations in the Market Call.

Money Life adds a new regular feature today with the debut of The NAVigator, a segment that will cover the ins and outs of avtice investing in closed-end funds, today featuring John Cole Scott of the Active Investment Company Alliance and Closed-End Fund Advisors. Also, Bill Kornitzer of the Buffalo International Fund says the world is on hold waiting for US-China dispute to end, but he expects the countries to reach temporary agreements as this is a skirmish in a battle for global economic dominance. Veteran personal finance journalist John Waggoner talks the potential impact impeachment proceedings will have on the stock market, and Brian Bollinger of Simply Safe Dividends makes his debut in the Market Call.