Money Life With Chuck Jaffe Daily Podcast

Allspring's de Silva: The big opportunity now is betting against stocks

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Synopsis

Harin De Silva, manager of the Allspring U.S. Long/Short Equity, says that there are a lot of companies 'priced for perfection in a slowing economy in a slowing global business cycle,' creating a big opportunity for investors who are shorting stocks, betting that they will fall in price. De Silva says that the long side of his job -- finding stocks to buy -- is challenging, and he notes that his biggest concerns right now are wildcard risks like the banking crisis, war and more. De Silva expects the situation to return to more normal times -- favoring the buys and moving away from the shorts -- by the fall. Also on the show, Tom Lydon of VettaFi makes a big, brand-name fund full of giant brand-name stocks his ETF of the Week, financial adviser Robert Levitt talks about how Americans may find that their retirement savings lasts longer abroad, but notes that there are challenges to making the move, and Chuck discusses what Wednesday's inflation news does for the future attractiveness of inflation-protected U.S.