Money Life With Chuck Jaffe Daily Podcast

Jim Welsh of Smart Portfolios says that he expects the market to correct to where the Standard and Poor's 500 index down as low as 3,000 before a rally in the first two months of 2021 -- largely the result of the government's next stimulus package -- possibly bringing the index back to 4,000. At that point, however, Welsh is worried that the bull market could run out of steam, vulnerable to a 'much bigger correction' as the coronavirus problem drags on.  Also on the show, Bryce Rowe of National Securities Corp. talks about the strong opportunities in business-development companies now, author Marc Levenson talks globalization and his new book on how what started as moving stuff around has now become a way to move ideas, and we rebroadcast a recent Market Call covering small-cap stocks with Jay Kaplan of the Royce Funds.