Money Life With Chuck Jaffe Daily Podcast

Fairlead's Stockton: Technical struggles are actually good news

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Synopsis

Katie Stockton, founder and managing director at Fairlead Strategies, says that the market's recent volatility has changed investor sentiment but that mood change actually is creating buying opportunities. Stockton says she does not see much pressure for a correction in the market now, in spite of the market's nervousness; she notes that much of the downside nervousness is around mega-cap stocks, again creating opportunities for investors away from the headlines. Looking at fundamentals, Jeff Weniger, head of equity strategy for WisdomTree Asset Management, says that the current market theme is 'inflation, inflation, inflation' and that the reflation/inflation story will likely drive much of the market action for the next year or two. In the NAVigator segment, Patrick Galley of RiverNorth Capital Management talks about how the narrowing of discounts in muni-bond closed end funds doesn't change the attractiveness of the asset class, nor make its relatively high tax-equivalent yields less attractive. And in the