Money Life With Chuck Jaffe Daily Podcast

Kristina Hooper, chief global market strategist at Invesco, says she anticipates stock market and economic problems late this year -- "especially if the Fed doesn't take it's foot off the accelerator" -- but she says the current environment will settle down so that investors can get their bearings and stay focused on the long-term, noting that there are reasons to be optimistic about the market for 2024 and beyond. Hooper says that the Federal Reserve will be the biggest determinant of how and when the market recovers, but said she feels that investors who get too short-sighted about what is happening now are likely to be more damaged by the actions of central bankers than those who ride it out. Also on the show, Matt Brannon, data analyst with Clever Real Estate, discusses their recent study of Americans' credit-card habits, which show that most of the personal finance gains reported and experienced around the pandemic have faded as Americans returned not only to their offices but to their bad pre-pandemic f