Money Life With Chuck Jaffe Daily Podcast

Brad McMillan, chief investment officer at Commonwealth Financial Network, said that while there is the potential for the market to slow down and a recession to happen, the trouble signs he expects to see before those issues have not come up yet, noting that consumer confidence and job growth both remain strong. Also on the show, Thomas Winmill of the Midas Fund said that foreign central-bank purchases of precious metals have helped to make gold particularly attractive right now. Ted Rossman of CreditCards.com discusses the most popular forms of credit-card rewards, and Chuck tells you when or if you might be getting any money from Equifax over the proposed settlement of its 2017 big data breach.

Paul Eitelman, senior multi-asset investment strategist at Russell Investments, said that investors should gravitate towards value stocks while holding tight to their growth names because the market is at an intriguing point, one where the economy is slowing and CEOs have stopped investing but where there is no meltdown because Federal Reserve and Chinese policymakers are injecting stimulus into the market. If that stimulus is damaged by a protracted, deep trade war, however, Eitelman said the market and economy could turn for the worse quickly. Also on the show, David Trainer puts a highly ranked fund in the Danger Zone, Roger Conrad of Conrad's Utility Investor discusses energy, utility and income stocks, and Chuck takes a listener's questions about credit cards and credit scores.

Niladri Mukherjee, head of portfolio strategy, Merrill Lynch and Bank of America Private Bank, said that fund flows -- rather than investor-sentiment measures -- are showing that individuals are too pessimistic right now, pulling billions from equity funds and moving all that money and more into bond funds at a time when the stock market still has room to run and doesn't have imminent signs of impending trouble. Also on the show, Brian Carberry of Apartment Guide discusses the lengths some workers will go -- or not go -- when it comes to mixing their job and their home life, and Brock Moseley of Miracle Mile Advisors talks ETFs and tactical investing in the Market Call.

Albert Meyer of Bastiat Capital is concerned about trade and tariff wars and with the impact of interest rate cuts, but he noted that this is no time to be listening to the 'doomsayers,' suggesting that investors should not be fearful because while the market is highly priced, it's not in particularly dangerous territory. Also on the show, Karl Mills of Jurika, Mills and Kiefer expressed cautious optimism for the market moving forward, noting that nervous investors should be rebalancing and focusing on their allocations rather than looknig to make wholesale changes to a portfolio. Tom Lydon discussed a classic fund as his 'ETF of the Week,' saying investors should make it a big chunk of their portfolio, and Oliver Browne of Credit Card Insider, talked about misconceptions the average consumer has about credit scores.

Nuveen chief investment strategist Brian Nick said he expects the Federal Reserve to cut rates three times, but said the third cut 'won't be necessary,' and is more like 'mid-cycle insurance' to keep the economy humming along. Still, while he sees no threat of imminent recession, Nick suggested that investors get defensive, worry more about their asset allocation than about tactically deploying money, and spend the next few years thinking about how to squeeze income -- rather than total return -- from their portfolio. Also on the show, Collective Wisdom from HighTower Advisors centers around the use of technology in advisory relationships, Chuck talks about how to overcome the financial hoarding tendencies of the 'greatest generation,' and Adam Levin of CyberScout talks about how Amazon Prime days were prime days for scammers, and how consumers should protect themselves from similar frauds.

In answering a question from a listener, Chuck talks about financial challenges that savers can do to help them get out of debt or budget better, noting that coming up with necessary funds to cover emergencies can be done a dollar or five dollars at a time, or by going through a challenge to set aside an extra dollar every week for a year -- so one buck the first week, two the second and so on -- amassing 1,378 dollars in a year. Also on the show, Adrian Garcia of BankRate.com discusses the best states to retire to, author and financial adviser Anthony Delauney discusses 'Owning the Dash,' and value investor Jack Murphy of Levin Easterly Partners makes his debut in the Market Call.

Rob Sharps, head of investments at T. Rowe Price, said the economy is not as deep into the business cycle as many people believe, leaving more time and room for continued growth, yet with substantial weakness outside of the United States and an unresolved trade war and more, he suggested investors rein in their aggressive tendencies in favor of a more neutral and balanced approach. Alo on the show, Matt Hougan of Bitwise Investments gives his take to President Trump's first statements on cryptocurrencies and Bitcoin, Simeon Hyman, global head of investments at ProShares, discussed the pet care industry, and celebrated Amazon Prime Day by discussing the future of retail stores, and Sam McBride of New Constructs put Verint Systems in the Danger Zone.

Veteran technical analyst Martin Pring of Pring Research said he expects the stock market to avoid a recession and keep going much higher, noting that the indicators he follows are almost all 'pointing north' as the market ignores any weakness it sees in the economy. He noted that if bad news can't knock the market down, there's not much out there right now that can. Also on the show, Sheraz Mian, director of research at Zacks Investment Research discussed the upcoming earnings season, which he suggested is likely to beat analyst expectations, plu we rebroadcast a recent chat covering market technicals with Buck Klintworth of Chase Investment Counsel and Keith Gangl of Gradient Investments makes his debut in the Market Call.

Chun Wang, senior analyst at Leuthold Weeded Asset Management, said that his firm's analysis of the market has made the portfolio managers defensive, slightly below neutral on holding stocks, largely because the long-term picture is showing too many negatives, signs that there could be trouble ahead with a significant correction or bear market in the next year or two. Meanwhile, Lindsey Bell of CFRA Research noted that current conditions appear solid, but that second-quarter earnings results will say a lot about whether hte market can avoid a downturn for the rest of the year; she expects those upcoming quarterly numbers to be better-than-anticipated, allowing the market to at least retain current gains for the rest of the year. Also on the show, Tome Lydon of ETF Trends.com talks about an usual precious metals fund, and Jill Gonzalez of WalletHub covers travel credit cards.

Doug Foreman, chief investment strategist at Kayne Anderson Rudnick, said that investors have plenty of reasons to worry about whether the market can hold recent highs, but that if they focus on quality issues, there are plenty of cmopanies worth buying and owning regardless of what the market does next, where investors can buy into strong cash flows and dividend streams that are likely to remain in place even if the market turns for the worse. Also on the show, Cory Bittner and Peter Lang of HighTower Advisors discussed how financial planning helps clients cross the divide from working and accumulating funds to retirement and living off of investments, Izet Elmazi of Bristol Gate Capital Partners discusses how he uses artificial intelligence to help find better investments and manage portfolios, and Jose Rowe of LendingTree discussed a recent MagnifyMoney.com survey on money anxieties.

Markus Schomer, chief economist at Pinebridge Investments, said that while job growth and economic activity are slowing, the anticipated interest rate cuts should reboot business activity and leave the economy at an equilibrium point it can maintain through 2020. Buck Klintworth of Chase Investment Counsel -- while discussing technical analysis rather than the economy -- came to a similar conclusion, noting that while the market is currently 'ahead of itself' and could be due for a short-term setback, declines will be buying opportunities from now through most of the election year, suggesting that investors ignore the noise and instead see the market's potential. Also on the show, Bruce Bond of Innovator ETFs discusses defined-outcome investing, which effectively crosses indexed-annuity products with exchange-traded funds, and Judith Ward of T. Rowe Price discusses a recent survey showing how far behind Baby Boomer women are compared to men when it comes to retirement savings.

A recent study by Fidelity Investments found that money and healthy living are the two greatest concerns that women have, and each often affects the other. Lorna Kapusta from Fidelity said that the surprise in the study was not that 85 percent of women are stressed about finances, but that the high level of stress exists across all age groups of women, meaning that women always feel like they are not doing enough to save and prepare for retirement. Also on the show, Ethan Powell, chief executive officer at Impact Shares, a not-for-profit ETF provider, Sam Mcbride of New Constructs leads a trip to the Danger Zone and the Market Call is a rebroadcast of a recent chat with Michael Roomberg of the Miller-Howard Drillbit-to-Burner.

In a wide-ranging, free-flowing 'no-pants Friday' show, Chuck talks with Tom Lydon of ETFTrends, who makes an innovative new fund his 'ETF of the Week,' he discusses the future of exchange-traded funds and the evolution of more active funds with John Swolfs, chief executive officer at Inside ETFs, he covers one of his favorite topics -- allowances for children -- with Bankrate.com's Ted Rossman, and then chats value investing, the state of the market and international opportunities with Nick Kaiser, chief investment strategist at Saturna Capital.

Christopher Davis, chairman of Davis Advisors and portfolio manager for the Davis Funds, said in the Big Interview that financial companies now represent 'growth stocks in disguise,' and he said the financial sector is positioned to deliver oversized gains for at least the next decade. Also on the show, Peter Lang and Cory Bittner of highTower Advisors discuss the many non-financial ways they interact with clients to achieve life goals as well as financial targets, Elyse Cherry of BlueHub Capital discusses impact investing and how investors can find ways to invest that make a real difference in communities they love, and Greg McBride from BankRate.com talks about how everyday Americans and financial experts don't see eye-to-eye on the state of the economy and stock market.

Kevin Mahn, president and chief investment officer at Hennion and Walsh Asset Management, said that while the economy is strong and still growing and the market is constructive toward stocks, investors should be focusing on quality, favoring companies with strong balance sheets, entrenched management, a history of growing earnings and dividends and more, noting that as the economy slows and election-year headlines take over it will be the issues with those qualities that stand out. Also on the show,Ted Rossman of CreditCards.com talks about how stressed Americans are over money, Mandi Woodruff of MagnifyMoney.com covers the places where someone might earn six figures but still go broke, and Mark DeVaul of the Hennessy Equity and Income fund talks stocks in the Market Call. 

Jill Gonzalez, spokesperson for WalletHub, said that her site's annual 4th of July survey found that millions of Americans are feeling more financial freedom this year, but that nearly one-quarter of Americans wish they could be free of credit-card debt, second by a hair only to over-eating as something people want to cut back on. The study also showed that Americans believe that the federal government is watching their spending, tracking their credit-card activity, despite no real proof or reason to believe it is. Also on the show, author Michele Cagan talks about real-estate investing to generate income streams, Sam McBride of New Constructs puts the Securities and Exchange Commission in the Danger Zone over a recent rules change, and we rebroadcast a recent Market Call with Charlie Bobrinskoy of the Ariel Funds.

Ron Sanchez, chief investment officer at Fiduciary Trust International, said that the current market environment is not great for taking risks, but it also isn't terrific for avoiding risks. That means investors should stay neutral on buying stocks and bonds, putting their portfolios at their basic, starting-level allocations, not overweight or underweight anything while waiting for signs from the market about what will happen next. Also on the show, Jeffrey Hirsch from the Stock Trader's Almanac talks technical analysis, Catherine Yoshimoto from FTSE Russell discusses the reconstitution of Russell's indexes -- which happens after today's market close -- and Doug Cartwright of the Buffalo Emerging Opportunities fund makes his debut in the Market Call.

In a show that covers a wide range of investment types and strategies, Tom Lydon discusses fallen-angel investing -- buying junk bonds from companies that used to be of investment-grade calibar -- in the ETF of the Week, Nick Kalivas of Invesco ETFs talks about the inner workings of low-volatility investing and the types of market conditions when it works best, and Joe Barrato of the Arrow Funds talks about the "Dogs of the World" strategy for investing in the worst-performing countries hoping for a return to average market performance, a gigantic global twist on the classic 'Dogs of the Dow' strategy. Also ont he show, Ted Rossman of BankRate.com on a recent survey showing how much credit debt many parents get into when school is out and they must provide summer child care.

Bob Browne, chief investment officer at Northern Trust, said in the Big Interview that the market is acting in ways that make it easy for the Federal Reserve to cut rates and he expects three rate cuts before year end, a response to what he called 'stuckflation' combined with modest economic growth. Also on the show, Peter Lang and Cory Bittner of HighTower Advisors discuss value investing and when or if it will really work again, Ted McCarthy of LendEDU talks about per-capita lottery spending, and David Brady of Brady Investment Counsel talks growth stocks in the Market Call.

Jim Welsh, macro strategist for Smart Portfolios and author of the Weekly Technical Review newsletter said that the market's various benchmarks are diverging, so that while the public attention has been on recent highs for the Standard and Poor's 500, they have been ignoring the mixed and dangerous signals coming from things like the Dow Transports. He expects the market to enjoy its current highs but to for the S-and-P to challenge recent support levels of 2,800 before Labor Day, noting that if the benchmark can't hold that level it could fall to around 2,350  quickly. Also on the show, author and attorney Michael Hackard discusses protecting your loved ones from financial fraud, Roch Polimeni of the College Savings Foundation talks about their annual survey of how high school students are now viewing college through the financial lens, and Brian Andrew of Johnson Financial Group covers funds and ETFs in the Market Call.