Money Life With Chuck Jaffe Daily Podcast

Russell's Eitelman: The global economic outlook has reached a fork in the road

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Synopsis

Paul Eitelman, senior multi-asset investment strategist at Russell Investments, said that investors should gravitate towards value stocks while holding tight to their growth names because the market is at an intriguing point, one where the economy is slowing and CEOs have stopped investing but where there is no meltdown because Federal Reserve and Chinese policymakers are injecting stimulus into the market. If that stimulus is damaged by a protracted, deep trade war, however, Eitelman said the market and economy could turn for the worse quickly. Also on the show, David Trainer puts a highly ranked fund in the Danger Zone, Roger Conrad of Conrad's Utility Investor discusses energy, utility and income stocks, and Chuck takes a listener's questions about credit cards and credit scores.