Money Life With Chuck Jaffe Daily Podcast

Shep Perkins, chief investment officer for equities at Putnam Investments, says that once the Federal Reserve sees an uptick in unemployment and the economy slowing and cuts back on rate increases, the stock market will find a bottom and begin a sharp recovery once the all-clear is sounded. While investors will need to be patient waiting for that rebound to start, Perkins says there are plenty of compelling values for patient investors who are willing to wait for investments made into today's bad news to pay off in tomorrow's profits. Also talking about compelling values on today's show is John Cole Scott, chief investment officer at Closed-End Fund Advisors, who says that today's rate uncertainty has created attractive entry points for some municipal-bond funds because they are trading at big discounts and, in many cases, have gone through a dividend cut, which reduces the potential for another cut moving forward. Plus, Jeffrey Hirsch, editor of the Stock Trader's Almanac, says the market has reached a sweet