Money Life With Chuck Jaffe Daily Podcast

Market strategist Lawrence McDonald, creator of The Bear Traps Report, says that the Federal Reserve is not "going to get rid of inflation with six months of rate hikes," which is a big reason why he is calling for market doldrums that amount to several years of mostly sideways. While not anticipating a big crash, McDonald says that investors should avoid the Standard & Poor's 500 and Nasdaq Composite indexes -- which he says have been destroyed of late -- and instead pursue emerging markets and value stocks. Also on the show, David Schiffman, manager of the Aquila High Income Fund (ATPAX), says that the current environment for high-yield bonds is unlike anything he has seen in his long career, noting that there is a lot of push and pull between mixed economic numbers; Schiffman says the junk-bond space "is in much better shape" than before central bankers started raising traits and he expects to see that improvement continue. And in the Danger Zone segment, David Trainer singles out Tesla and Twitter as