Money Life With Chuck Jaffe Daily Podcast

Grimes: 'We are on the edge of the map,' making technicals hard to read

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Synopsis

Adam Grimes, president of Talon Advisors, says that rapid snap-back after the stock market's big March swoon was the 'least-expected outcome' from a sharp decline, and is symbolic of just how hard it is to make accurate technical forecasts right now. Grimes says the Federal Reserve's clear intention 'to do whatever it talks as long as it takes' has created significant market distortions, leaving more unknowns at this point, which should have investors on edge. Also on the show, Wayne Wicker, chief investment officer at VantagePoint Investment Advisors gave his outlook for the market, Vivian Tsai of the College Saving Foundation covers her organization's survey on how students see college plans and careers changing in the wake of the global pandemic, and Nick Raich of The Earnings Scout talks earnings trends and stocks in the Market Call.