Money Life With Chuck Jaffe Daily Podcast

Craig Callahan, chief executive officer at ICON Advisers, says that the broad market is trading roughly five percent below its fair value, which is a good target for returns over the rest of the year. Callahan is excited by the earnings forecasts for 2021 and 2022, citing 'outrageous year-over-year growth rates' as a reason to believe there will be good value stocks to be had. Also on the show, David Keller, chief market strategist at StockCharts.com, says that 3700 is a 'line in the sand' for the Standard and Poor's 500 Index, noting that if the market can remain above that level it should be able to avoid a significant downturn during the current rotation from a technology and large-cap  driven market to one led by small-caps and value stocks; Greg McBride of BankRate.com discusses the high percentage of investors who believe the stock market is rigged, and Mike Bailey of FBB Capital Partners talks stocks in the Market Call.