Money Life With Chuck Jaffe Daily Podcast

Chuck is in Chicago for the Morningstar Investment Conference, and today's show reflects the wide range of top investors who are at the event. And while the slate of interviews starts with Charles Rotblut of AAII Journal -- because he starts us off every Tuesday -- the rest of the show includes Sal Bruno of Index IQ, Alex Pire of Seeyond, Ned Dane of OppenheimerFunds, David Ellison of Hennessy Small-Cap Financial, Patrick Drum of Saturna Sustainable Bond, Tom Florence of 361 Capital and David Jilek of Gatew

Chris Hyzy, chief investment officer for U.S. Trust and Merrill Lynch said earnings growth and valuations are powering the market, but financial conditions are less accommodating than last year, and the result is that the market will push forward but more slowly until there is a 'next catalyst.' Hyzy expects that catalyst to be solid fundamentals rekindle big earnings advances. Also, author Brian Portnoy discusses his new book, 'The Geometry of Wealth,' Kyle Guske leads a trip to the Danger Zone, and Michae

Ryan Jacob of the Jacob Funds said that the best earnings leverage going forward and for the next few years will come from small-cap stocks; Juan Villaverde of Weiss Cryptocurrency Ratings said that even the best of the cryptocurrencies can't achieve enough stability to inspire any investor confidence as an investment, plus Terry Jones of Investor's Business Daily talks investor optimism and Rolf Agather of FTSE Russell discusses the spread of smart-bera funds and whether consumers truly need to join the mo

Robert Bacarella of the Monetta Funds said that the market isn't buying dips right now, but that the big declines people worry about aren't possible given current market conditions. Also, Tom Lydon of ETFTrends.com has the ETF of the Week, BankRate.com analyst Amanda Dixon discusses a survey on how people are using -- or not using -- their vacation time, and we rebroadcast a recent interview with Frank Holmes of U.S. Global Investors.

Russ Koesterich of Blackrock Inc., author of a new book on portfolio construction in today's markets, said that investors should expect low to mid single-digit returns for a domestic portfolio for next five to 10 years, which should force them to look at expanding their international holdings if they want better returns going forward. Also blogger Marie Franklin discussed building a small fortune by saving five-dollar bills, and Matt Harris, Adam Thurgood and David Bahnsen of HighTower Advisors gave their m

Peter Hug, director of global trade for Kitco Metals, says that gold has been holding up because of concerns over the health of the economy, global politics and more that have created enough tension to keep gold slightly above where he thinks it should be given underlying market conditions and inflation. Charles Rotblut of AAII Journal puts a closed-end fund in the Stock of the Week spotlight, and doesn't like it, and Chuck talks about the current issues surrounding legendary fund manager Bill Gross.

Marc Chaikin of Chaikin Analytics says he is waiting for second-quarter earnings -- which he expects to be 'spectacular' -- to see what he believes will be a significant breakout, as the market sees rising rates as a sign of economic strength and moves sharply upward. Also, Christine Benz discusses what she has learned in her quarter-century of working at Morningstar, David Trainer of NewConstructs.com rails against 'funky accounting' and Michael Ball of Weatehrstone Capitam Management covers funds and ETFs

Toni Turner of TrendStar Group said the market in a range for weeks right now, but suggested investors expect a sharp move next, no matter whether the markets break through resistance to reach record highs or falls through support in a leg down. Also, author Linda Yueh talked great economists, Neal Stern of AICPA discusses his group's latest survey, and Bernie Horn of Polaris Global Value fund has the Market Call.

Les Nanberg of Cornerstone Wealth Management in Boston said that trade policies, rising interest rates, tax changes and more have businesses on edge, and could lead to a slowdown in the market's gains over the rest of the year. Also, Tom Lydon of ETFTrends.com has the ETF of the Week, Dr. Billy Hensley of the National Endowment for Financial Education discusses Americans' financial fragility, Patrick Sanders of US News and World Report discusses the effect of a recent scandal on Starbucks, and author Dennis

In a Collective Wisdom discussion, Adam Thurgood of HighTower Las Vegas said that the thnig that has surprised him most this year has been how many people seem to believe there is little or no risk in the current market right now. His colleagues Matt Harris and David Bahnsen choase emerging markets bonds and the faltering of asset allocation, respectively, as their picks. Also Rebekah Barsch of Northwestern Mutual discussed retirement discomfort levels, and author Jeroen Bos on deep-value investing and more

Ann Marie Sabath, author of 'What Self-Made Millionaires Do That Most People Don't,' said that people need to determine the day -- the precise day -- when they will reach millionaire status and plan and live their lives to make that goal happen. Also, Charles Rotblut of AAII Journal has the Stock of the Week, Joe Melendez of ValueInsured talks housing affordability, and Chuck discusses money lost, and found.

Lawrence McMillan of McMillan Analysis and Michael Sincere of Michael Sincere's Long-Term Trader both said they see the market struggling in a channel right now, and that a breakout through resistance would signal the start of a strong upward move, but they both worry that a drop through support could signal the start of a sharp downturn. Also, C.J. MacDonald of Westwood Wealth Management discussed the market's fundamentals, and author Nomi Prins dicussed her new book 'Collusion: How Central Bankers Rigged

Michael Gayed of Pension Partners and the ATAC Inflation Rotation fund said that the classic mantra of 'Sell in May and go away' is bunk, noting that even in a market environment that is tough to read -- like the one we are in now -- investors historically have been better served by being invested throughout the year than in taking a summer vacation from their portfolio. Also, Tom Lydon of ETFTrends.com has the ETF of the Week, author Chris Carosa talks about a lifetime of savings for children, and more.

Michael Iachini, head of manager research, Charles Schwab Investment Advisory, says that while exchange-traded products have taken over the investment world, he does not expect there to be a flood of actively managed products coming to market because, to this point, the market has discussed them but hasn't demanded them. Also, author Andras Tilcsik discusses system failures, Matt Harris and his colleagues from HighTower Global Investment Solutions talk about the 'weight of an ox' and Chuck chats about his

Scott Wren, senior global equity strategist, Wells Fargo Investment Institute said there have been many opportunities to find stocks at discounted prices since the market saw volatility pick up in February. Because he sees the long-term direction of the market as being up, Wren thinks investors should be trying to take advantage of short-term drops to make good buys. Also, Charles Rotblut of AAII Journal has his Stock of the Week, author James Whittaker on thinking and growing rich, and Matt Schulz of Credi

Ron Sanchez, chief investment officer, Fiduciary Trust Company International, said the market is transitioning from a low-risk, high-return environment towards heightened risk and lower returns, a situation he expects to be in place for at least the rest of the year. Also, Patricia Oey of Morningstar discusses fund fees, David Trainer of New Constructs puts a housing-related stock in the Danger Zone, and Toby Loftin of the NYSE Pickens Oil Response ETF (BOON) covers the oil patch and what's next for energy

Frank Holmes of U.S. Global Investors said he thinks the way inflation is calculated has grossly understated current levels of rising prices and he explained what that means for the gold market, while Sandra Stoutenburg of Investech talked about why the market has made her defensive to the point where she's recommending people hold more than one-quarter of their assets in cash right now. Also, Matt Schulz of CreditCards.com and Janet Flanders Johnston of Trim Tabs Asset Management with the Market Call.

Greg Sullivan, author of a book about retirement failure, discusses why a prosperous and happy retirement is abut more than just the finances, and the ways people stop themselves from retiring well. Also, Collective Wisdom from HighTower's Global Investment Solutions looks at the lessons from the firm's annual Advisor Summit, Chuck takes an audience question, and Jordan Waldrep of the USA Mutuals Vice Fund makes his debut in the Market Call.

Mag Black Scott of Beverly Hills Wealth Management said in the Market Call that the market may have changed but the general upward trend hasn't, noting that investors still want stocks with long-term stories they can believe in. Also, Tom Lydon of ETFTrends.com had his ETF of the Week, author Joshua Gans discussed artificial intelligence and its impact on economics and money management, and Dr. Vinay Nair of 55ip evaluated current levels of market risk.

James Hickey, chief investment strategist at HD Vest, said that the current bull market is poised to continue, and while he expects returns to be somewhat lower than in earlier years of the run, the market will keep going until the math and some of the ultimate fallout from tax reform overwhelms it. Also, Charles Rotblut has the Stock of the Week, Paige Kyle of WisdomTree Asset Management discusses mutual funds versus ETFs, and author Bob Burg chats with Chuck about regaining civility and the benefit to hea