Money Life With Chuck Jaffe Daily Podcast

Dan Fuss, vice chairman at Loomis Sayles & Co., now 92 years old and having cemented a track record as one of the best bond fund managers ever, says he's not concerned about a recession because the economy is strong, and in some ways stronger than its ever been during his investing lifetime, but he also compares current times to the late 1930s, a period when geopolitics were dominating the global scene building up to World War II, and says that he is more concerned with those macro-level worries than he has been in his career. Fuss notes that the global scene is more important to what happens next with the U.S. economy than even what the Federal Reserve does, and he quells concerns over pressure on the Fed to cut rates by noting that "every president" wants the central bank to lower interest rates. Todd Rosenbluth, head of research at VettaFi, makes the Victory Shares Free Cash Flow Growth ETF his "ETF of the Week," noting that it's a relatively new fund focused on quality that has outperformed the market