Money Life With Chuck Jaffe Daily Podcast

RSM's Brusuelas: 'It's a soft landing,' and a mid-cycle take-off could be next

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Synopsis

Joseph Brusuelas, chief economist at RSM, says that the market "is a bit out over its skis" in terms of when the Federal Reserve will start cutting interest rates and how many cuts will happen in 2024, but that may create volatility and determine whether there is another rally in the current cycle. Brusuelas says the economy is in the middle of a soft landing and keeps looking strong, which should mute or limit just how much slowing happens moving forward. Jeffrey Bierman, founder of The QuantGuy.com and chief market technician at TheoTrade.com, says the market is overextended and due for a "garden variety 10 percent correction," but there is room for investors to hunt and peck for opportunities. Also on the show, Aaron Filbeck of the Chartered Alternative Investment Analyst Association says that it's naive for investors to lump a wide range of mainstream investment options under the label of "alternative." Plus, Justin Carbonneau of Validea.com talks about the expert methodologies that are working the best i