Money Life With Chuck Jaffe Daily Podcast

Brent Wilsey of Wilsey Asset Management said in the Market Call that his form of value investing -- which relies heavily on the PEG ratio -- has seent he number of bonafide investment opportunities shrink as the market has slowed down. He expects the trend to continue, even as he does not expect the market to hit a full-blown recession soon. Also on the show, Richard Flahive and Ray Baraldo if HighTower Advisors, discussing the distribution phase of life, Jean Statler of the Alliance for Lifetime Income on how people need to consider setting up income streams to reduce retirement worries, and Zack Friedman, author of 'The Lemonade Life.'

Brad lamensdorf of the Ranger Equity Bear ETF said that the market has been getting weaker with every correction, recapturing old highs more slowly and showing signs that a real downdraft with longer-lasting results could be on the way, particularly once sentiment turns ugly. He noted that if the Standard and Poor's 500 breaks through current support levels, it would likely fall at least 200 points further. Also on the show, financial adviser and author Ed Butowsky talks about scary financial advisers, Andrew Crowell of D.A. Davidson discusses the real benefits of saving when you are young, and lamensdorf returns to talk stocks in the Market Call.

Andrew Foster of Seafarer Capital Partners said that trade and tariff wars have not stopped growth in emerging markets, but they have exacerbated a slowing trend, particularly in China, that will make developing and emerging markets harder to profit from in the near future. Foster noted that valuations in emerging markets are reasonable, but without growth to help drive the market, investors should expect muted returns from emerging markets for the long-term future. Also on the show, Greg McBride of Bankrate.com talks about how many workers are not increasing their set asides to retirement plans, Sam McBride of NewConstructs.com -- no relation -- discusses a stock that is headed for trouble and Greg Woodard of Manning and Napier covers stocks in the Market Call.

Dan Zanger of ChartPattern.com said the Standard and Poor's 500 seems headed down to about 2,700 now as it pushes through what he called an 'ABC pattern' that started recently, has gone through the first two steps and is awaiting the third move, which traditionally will be down. Zanegr right now is only 10 percent invested in the market, and he warns that while the market has been in a range, the volatility has been hurting a lot of traders. Also on the show, Sir John Hargrave talks his new book about blockchain and bitcoin, Ken Tumin of DepositAccounts.com says that Americans are losing billions of dollars to misplaced loyalty to their bankers, and Chuck talks about a media-darling investment expert who turned out to be a fake.

Joel Greenblatt of Gotham Asset Management -- arguably the leading light along with Warren Buffett when it comes to value investing -- said that reports that value investing has stopped working are exaggerated and wrong, so long as you have the right definition of value investing. Most investors don't. Yann Cornil of the University of British Columbia talked about something else investors don't do right, namely diversify. James Hickey of H.D. Vest Financial Services said he doesn't expect a recession in the near-term despite headline risks, and Tom Lydon of ETFTrends.com covers a hot trend with a trendy new fund.

Peter Vanderlee of ClearBridge Investments said that between low payout ratios and reasonable rates of growth, investors in dividend-paying stocks should have a positive outlook as they play defense against the slowing economic and market conditions likely to be in place over the next few years. Vanderlee noted that while there has been a flight to safety among investors, they have not bid up dividend-payers to where investors can't get fair values and the occasional bargain. Also on the show, Ray Baraldi and Richard Flahive of HighTower Advisors discussed the processes they believe investors should be following during the 'accumulation phase' of their lifetimes, Matt Schulz of CompareCards.com talked about how many consumers now find back-to-school shopping more stressful and costly than holiday shopping, and Randy Bateman of Balcones Investment Research returned to the Market Call to talk top-down investing and the companies that will benefit from robotics

Justin Hance, director of research for the Oakmark Funds, said that valuations in Europe remain attractive despite slower economic activity and perceived problems there, noting that on a stock-by-stock basis, investors are able to find quality businesses at reasonable prices more easily than in other markets around the globe. Also on the show, Megan Greene of the National Association for Business Economics discussed the group's most recent survey showing when economists believe we will see a recession, Mark Hamrick of Bankrate.com talked about the things many people have felt they can not afford to spend their money on this summer, and Simon Lack of SL Advisors and the American Energy Independence ETF covered energy stocks in the Market Call. 

Brandon Nelson, senior portfolio manager at Calamos Investments, said small-cap stocks are the cheapest they've been in many, many years relative to large-caps, noting that investors could win playing them on different levels, as an asset class in general but also making bets on individual securities. He favors technology, health care and consumer-discretionary stocks while mostly avoiding industrial materials, energy and utility issues. Also on the show, Ted Rossman of CreditCards.com talks consumers using cash versus plastic, Sam McBride of NewConstructs.com says that WeWork is an IPO that makes other new-stock follies look almost sane, and we rebroadcast a recent interview with Les Nanberg of Cornerstone Wealth, who -- unlike most experts -- expects to see recession sooner rather than later.

John Kosar, chief market strategist at Asbury Research, said that while the market is stuck between a major support level of roughly 2,800 and resistance at 2,950 on the Standard and Poor's 500, it remains in a bullish trend, which he expects to resume after economic cross-currents like trade wars, the inverted yield curve and slowing global growth are worked out. Also on the show, Tadas Viskanta of AbnormalReturns.com discusses who, if anyone, is trustworthy these days in the world of online financial advice and commentary, and David Snowball of MutualFundObserver.com chats about fund investing in an extended Market Call.

A day after the stock market suffered its worst loss of the year and the Dow Jones Industrial Average fell by 800 points, Chuck hosts Chris Zaccarelli of Independent Advisors Alliance and David Goerz of Strategic Frontier Management for two extended Big Interview sessions. While the pair disagreed on how and whether to use the current decline as a buying opportunity -- with Zaccarelli saying he will buy secondary dips, but not this one and Goerz looking for mispricings to take advantage of -- both expect the market to rebound and be above current levels by year's end. Also on the show, Tom Lydon of ETFTrends.com looks to Europe with his ETF of the Week.

Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, said that with large-cap stocks near fair value, he doesn't think there is much room for stocks to run over the rest of the year, though he does think they will finish the 2019 up from current levels. With that in mind, Wren suggested that investor play the range-bound market, buying when the Standard and Poor's 500 goes below 2,800 and looking to take profits when the market again reaches new highs and maintains 3,000. Also on the show, Collective Wisdom from HighTower Advisors, Todd Grossman of TalkWalker USA discusses social media marketing campaigns, and Dan Brady of TrendRating.com talks stocks in the Market Call.

Rusty Vanneman, president at CLS Investments, said that despite an outlook for heightened volatility, the stock market looks poised for a 'nice move into year end,' and he warned nervous investors that heading to the sidelines means missing out on the fun. Vanneman noted that while investors are right to be concerned about trade and tariff wars, those situations typically end with a positive resolution, making most of the interim movements little more than market noise. Also on the show, Chuck answers an audience member's question about physical-gold funds, Gina Pogol of AmOne.com talks about consumers' summer spending habits and money needs, and there is a rebroadcast of a July chat with Chris Davis of the Davis Funds.

David Trainer, president of New Constructs, put Netflix stock back in the Danger Zone, noting that the company has overcome troubling analysis that has called for a big decline for a long time, but he said that the stock's underlying circumstances have grown worse as it the share price has defied gravity, and he expects a crash to Earth soon, spurred in part by heightened competition and worrisome spending. Also on the show, Jason Reposa of MyBankTracker.com discusses the billions of dollars Americans are wasting on bank fees, author Carl Frey talks 'The Technology Trap' and changes in the labor market in the modern age of automation, and Mark Travis of Intrepid Capital Management is all about value investing and beaten-up small-cap stocks in the Market Call.

Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more difficult. He expects to see a recession start before the year is up, and has had clients go 10 percent lighter than normal on equities as they play defense; he is also mostly in Treasuries on the bond side, noting that he fears weakness in rates too. While Nanberg's analysis was based on fundamentals, D.R. Barton jr. of 10MinuteMillionaire.com talked technicals and he believes the market will actually go higher over the rest of the year, and Charles Rotblut of AAII.com discussed his group's investor sentiment survey, which showed a lot of bearishness that he suggested might represent a buying opportunity. Amid all of those market disagreements, Chuck also chatted with Kimberly Clausing, author of 'Open: The Progressive Case for Free T

Gary Bradshaw of the Hodges Fund discusses how the changing interest-rate environment and growing nervousness about the stock market is making blue-chip, dividend-paying stocks like Verizon and Coca-Cola ideal defensive positions, providing safe, rising yields at times when income is harder to generate. Also on the show, Tom Lydon of ETFTrends.com makes a high-yielding municipal-bond fund his 'ETF of the Week,' Odeta Kushi, deputy chief economist at First American, talks the real estate market in a declining-rate environment, and Richard Barrington of MoneyRates.com discusses the best cities to downsize and retire in.

With volatility returning to the market and many investors expecting a downturn, Tim Clift, chief investment strategist at Envestnet, said investors should look to rebalance portfolios to protect gains, be opportunistic buyers on dips but to mostly expect the market's volatility to amount to a flat ride through to the end of the year. That would leave 2019 as a double-digit gainer, he noted, so while flat doesn't sound good, holding onto current gains likely will keep investors satisfied, and it leaves room for the market to grow as it heads into the election year. Also on the show, Jimmy Hausberg and Michael Policar of HighTower Advisor discuss alternative investment types and diversifying from traditional allocations, with Hausberg favoring defined-outcome funds while Policar likes core private real estate. Leonard Wright of the American Institute of CPAs discussed investors' current levels of pleasure and pain, and Sandy Villere III of the Villere Funds talked stocks and concentrated portfolios in the Mark

In a wide-ranging show, Chuck discusses the world of meat substitutes and the investment potential of the developing market with Arun Daniel, senior fund manager at J.O. Hambro, and he talks about the the potential to make serious money -- and which demographic is doing it -- from the side-gig economy with Kathy Kristof, founder of SideHusl.com. Also on the show, author Chris Dumont talks about how you can 'Kick Some Financial Ass,' while David Goodsell of the Natixis Investment Managers' Center for Investor Insight talks about how market volatility confuses investors.

Wall Street veteran Bob Doll, chief equity strategist at Nuveen Asset Management, said that ths strength of the American consumer means that the economy can hold off a recession until 2021, but he noted that he expects choppy and frustrating markets without recession, and said he worries abut the yield curve if the Federal Reserve has to cut three times and can't make the curve much steeper. Doll -- who also reviewed his forecasts for 2019 on the show -- said investors should be looking to buy the dips but also to trim during the rallies. Also on the show, Jeffrey Cleveland, chief economist at Payden and Rygel, was a bit more optimistic about the economy, though he agreed with Doll about a recession being at least two years off. David Trainer of New Constructs put GoDaddy and Dropbox in the Danger Zone.

Fritz Folts, chief investment strategist at 3Edge Asset management, said the domestic stock market is as overvalued now as it was before the Internet bubble burst in the late 1990s, which is why he has turned defensive in his investment strategy, going near minimum levels on equity allocations and underweight the US in equities -- with his bond allocations heavy on Treasuries but shying away from the credit markets -- as he anticipates an economic slowdown ahead that Federal Reserve rate cuts won't stop. Also on the show, Ben Jones of BMO Global Asset Management talks a change in IRS rules allowing employers to offer lump-sum payouts in exchange for pension liabilities and discusses what factors pensioners should consider before accepting an offer, and Dana D'Auria, portfolio manager at Symmetry Partners talks ETFs and traditional funds as she makes her Money Life debut in an extended Market Call.

Alan McKnight, chief investment officer at Regions Asset Management, said that the economic data shows a slowing economy that needs to respond from Wednesday's Federal Reserve rate cut by showing signs of revenue growth in order for the market rally to continue. Despite danger signs he sees in the market, McKnight noted that America remains the best place to invest, with emerging markets also looknig relatively attractive while Europe and Japan are likely to struggle for the foreseeable future. Also on the show, Tom Lydon of ETFTrends.com made an agricultural-commodity product his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discussed the readiness of self-employed workers, and George Putnam III of the Turnaround Letter covered value investing and stocks in the Market Call.