Money Life With Chuck Jaffe Daily Podcast

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.

Adam Grimes, president of Talon Advisors, expects the market to find conviction and direction after the election, whether it takes a turn for the dark with strong selling -- a week or two with no snap back that could trigger a bear market -- or moves back to record highs and holds those peaks to start a new run up. Whichever way the market goes, Grimes says investors need to avoid being on the wrong side of the new momentum, buying a dip that turns into something bigger or taking profits but missing out on a growth wave. Also on the show, Sudarshan Murthy of GQG Partners talks emerging markets and whether they have advantages from coming through the pandemic ahead of other parts of the world, Jill Gonzalez of WalletHub.com discusses the lengths consumers are going to when it comes to iPhones, and Chuck Self of iSectors talks exchange-traded funds and how 'minimizing downside risk' ultimately leads to bigger profits in the Market Call.

David Trainer, president of New Constructs, says Wayfair, Carvana, Beyond Meat, Dropbox and Spotify Technology all qualify as popular stocks -- despite being saddled by what the Nashville-based firm describes as 'misleading earnings' -- that are headed for trouble, and that they will hit that rough patch soon no matter who wins the White House in Tuesday's election or how they change economic policies moving forward. Also on the show, Giorgio Caputo of J.O. Hambro Capital Management discusses 'green income,' Gregg Fisher of Quent Capital discusses small-cap stocks in the Market Call, and Chuck discusses the results of his annual Halloween trade-or-treat, cash-or-candy efforts.

Jeffrey Kleintop, chief global investment strategist at Charles Schwab, says that the market and economy are likely to slog through the election, the rest of the pandemic and the continuing recovery, but will come out positioned for a broad recovery late next year. Also on the show, John Cole Scott of the Active Investment Company Alliance answers audience questions about investing in closed-end funds, Toni Turner of TrendStar Trading Group discusses the current market fight -- visible in the technicals -- between buyers and sellers, and Jeff Zananiri, head trader at JoyoftheTrade.com talks stocks in the Market Call.

Paul Gruenwald, chief economist at SP Global Ratings, expects to see impressive growth numbers, but he doesn't find them exciting because the economy still has a significant hole to climb out of, and that the resurgent virus, trouble with stimulus and more are standing in the way of what should be a more-exciting recovery over the next few years. In another interview on the show, Esty Dwek, head of global market strategy for Natixis Investment Managers, agrees with a number of Gruenwald's points; she also notes that the comparative numbers are weird, but says that she expects the economy to get back to pre-pandemic, 2019 economic numbers, with the key issue being whether it happens before the end of 2022. This show also features Greg McBride of Bankrate.com on the site's landmark checking-account survey,. and Tom Lydon of ETFTrends.com making an online-retail specialty fund his ETF of the Week.

Brian Dress of Left Brain Investment Research says that earnings season is 'the Super Bowl and Olympics all rolled into one,' and with four of the FAANG stocks reporting on Thursday, he discusses in this week's Left Brain Thinking segment how to use earnings reports, transcripts and more to identify opportunities in stocks and bonds. Also on the show, author Roger Martin discusses his book, 'When More is Not Better: Overcoming America's Obsession with Economic Efficiency,' Matt Schulz of CompareCards.com talks about the troubles with store credit cards, and Maz Jadallah of AlphaClone covers the favorite stocks of hedge funds in the Market Call.

Mark Newton of Newton Advisors says that he expects the year to play out like 2018, when the stock market peaked in October and then suffered through the end of the year. Newton says that if the Standard and Poor's 500 breaks through 3,380 -- a level it nearly hit on Monday -- investors could be in for a slippery slope through December, a decline exacerbated by struggles among technology stocks and broader pressures facing popular stocks. Also on the show, Brian Estes of Off The Chain Capital talks bitcoin and cryptocurrencies, Sarah Berger of MagnifyMoney.com discusses the regrets investors report feeling over stocks they sold at the beginning of the pandemic, and David McInnis of the East Paces Group discusses how to deal with the volatility he expects to see after election day,

Mona Mahajan, US investment strategist at Allianz Global Investors,says that while investors sense the disconnect between the market and economy, the stock market has been driven by a few giant businesses that have done well, even as the small-business community has suffered through the pandemic. Mahajan believes investors have a good opportunity now to position themselves for the rally that she thinks will be driven next year by improving economic data. Also on the show, Holly Ward discusses the latest outlook survey from the National Association for Business Economics, author Rob Hatch talks about making simple, straightforward decisions in today's complex world, and David Trainer of New Constructs puts a popular name-brand in the Danger Zone.

Jim Welsh of Smart Portfolios says that he expects the market to correct to where the Standard and Poor's 500 index down as low as 3,000 before a rally in the first two months of 2021 -- largely the result of the government's next stimulus package -- possibly bringing the index back to 4,000. At that point, however, Welsh is worried that the bull market could run out of steam, vulnerable to a 'much bigger correction' as the coronavirus problem drags on.  Also on the show, Bryce Rowe of National Securities Corp. talks about the strong opportunities in business-development companies now, author Marc Levenson talks globalization and his new book on how what started as moving stuff around has now become a way to move ideas, and we rebroadcast a recent Market Call covering small-cap stocks with Jay Kaplan of the Royce Funds.

Brent Schutte of Northwestern Mutual Wealth Management says that the market and the economy are not as disjointed and disconnected as they seem at first blush, noting that the pandemic created an 'economic valley' that has mostly been filled by adaptive companies, federal policies, science pursuing vaccines and more. That has created a situation where Schutte believes the market can continue to performa and the economy can grow even with the virus problem unresolved. Also on the show, Tom Lydon makes a brand-new mid-cap focused fund his 'ETF of the Week,' Jim Callinan of Osterweis Emerging Opportunity fund talks about the secular market opportunities he sees happening now, and Susan Dziubinski of Morningstar Inc. discusses how the health-care industry is being reshaped by coronavirus.

Financial author, blogger and podcaster Meb Faber, chief investment officer at the Cambria Funds, says in a wide-ranging interview that investors need to stay focused on the process -- costs, fees and asset allocation -- and ignore 2020's constant noise. He discusses the ways that people fear lions and sharks but that it's creatures you aren't scared of -- like mosquitos and other people -- that actually cause the most deaths; likewise, investors focus on the news and not the boring stuff that truly determines how well their portfolios will perform. Also on the show, David Ellison, manager of Hennessy Large-Cap Financial and Hennessy Small-Cap Financial discusses banking, fin-tech, electronic and digital payments and more, and Noland Langford of Left Brain Investment Research talks about Crowdstrike and Uber, two growth stocks that earned a green light recently from the firm's disciplined research process.

Victoria Fernandez, chief market strategist for Crossmark Global Investments, says that while we might expect the market to react to the election and to fundamentals, the foreseeable future of the market will be driven by what happens with Covid-19 and the way the pandemic plays out. She expects the market to jump back clearly once we get through the pandemic and see a reduction in cases and the beginning to the end of a pandemic. Also on the show, long-term trader Michael Sincere says he thinks the disconnect between the economy and the market needs to be resolved and that he expects that the economy's dour message will win out with the stock market suffering as a result, Matt Schulz of CompareCards.com discusses how grocery spending has changed during the coronavirus troubles, and Chuck discusses the 10-year anniversary of his heart attack and how his life has changed since then.