Money Life With Chuck Jaffe Daily Podcast

PineBridge's Kelly: Yes, this is that rare soft landing

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Synopsis

Michael Kelly, global head of multi-asset at PineBridge Investments, says that the Federal Reserve seems to have pulled off the rare soft landing, and that portends good things ahead because previous soft landings -- in 1964, 1984 and 1994 -- the markets mostly rewarded investors who invested "as if it was late cycle," where growth funds tend to lead the way. Kelly does think the market has gotten a bit ahead of itself, but still thinks the year should be positive; he also notes that investors will want to add to the fixed income side of their portfolios, and he currently likes intermediate-term investments given the shifts ahead in the yield curve. Mark Hamrick, senior economic analyst at BankRate.com discusses the site's lates Emergency Savings Report, which shows that only 44 percent of Americans say they could afford to pay for a $1,000 emergency expense, plus we introduce a new sponsor to the show as veteran money manager Rob Isbitts talks about his latest venture, ETFYourself.com and, in the Market Call