Money Life With Chuck Jaffe Daily Podcast

Ryan Detrick, chief market strategist at the Carson Group, notes that the economic news and growth remain so strong that "the odds of recession are quite low."Detrick notes that 10 of 11 sectors in the Standard & Poor's 500 are higher year-to-date, which is why his firm is overweight in equities generally, and has been adding to financials and industrials in particular. Detrick says there are several disconnects between hard and soft data -- soft data shows low consumer confidence but hard data shows strong retail sales -- and he is trusting the hard data to see the economy continue to broaden out for the remainder of the year. Also on the show, Chuck explains how the new securities settlement standard of "T+1" will affect individual investors, and while he explains that the changes are minimal and won't be noticed by a lot of everyday investors, he also lays out that virtually every stock, bond and ETF trade moving forward will be impacted by the new rules. Plus, in the Market Call, long-time CNBC contri