Money Life With Chuck Jaffe Daily Podcast

Chapin Hill's Boyle says the market has gotten ahead of itself

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Synopsis

Kathy Boyle, president of Chapin Hill Advisors, is worried that with 'all of Wall Street being bullish again," overblown earnings expectations, strong employment and the more getting the Federal Reserve to where it will wait longer before cutting rates, the stock market has gotten a bit overblown. As a result, she thinks there's a good chance of a short-term correction, potentially down to the 4,400 level on the Standard & Poor's 500, though she does think there's a good chance the market comes through that to finish the year on a positive note. Rick Gable, portfolio manager for the MFS Global Real Estate fund, takes stock in the real estate market, noting that while the entire business has made a lot of negative news, the sour stories mostly are impacting office space and the rest of the market is full of opportunities. Plus, Todd Rosenbluth, head of research at VettaFi, looks at a young fund with a great three-year track record that can be an actively managed addition to the passive portions of a portf