Money Life With Chuck Jaffe Daily Podcast

Brandon Thurber, director of the investment research group at Regions Asset Management says that current market events haven't changed his long-term market outlook, because the economic effects of coronavirus are likely to be transitory. He expects a rollercoaster market at least until election day. Likewise, Kristina Hooper, chief global market strategist for Invesco, believes the market's turbulence and the downward pressure exerted by current events, are short-term in nature, saying that patient investors will be rewarded for staying calm. Also on the show, Michael Gayed of The Lead-Lag Report -- which generated a sell signal late in January before the market started to falter -- says he is looking for the bond market to signal when it's an appropriate time to get back into the stock market, and Seth Brufsky of Ares Dynamic Credit Allocation Fund talks high-yield investing in The NAVigator.

Lawrence McDonald, creator of The Bear Traps Report, says that the global economy and business environment are poised to see trillions of dollars leave the United States in favor of international investments in the next two years, a trend that will mute the domestic stock market and make it hard to keep pushing forward. Still, McDonald sees the domestic market rebounding, so that any down action caused by the changing business climate will prove a buying opportunity long-term. Also on the show, Tom Lydon of ETFTrends.com makes an unusual real estate-oriented fund his ETF of the Week, Ted Rossman of Bankrate.com discusses the billions in unused gift cards and shopping credits that are going unspent, and Ryan Jacob of the Jacob Funds -- an aggressive-growth technology investor -- talks stocks in the Market Call. 

Roger Shaffer of HighTower Advisors, says that individual investors planning their way through the current market turmoil need to focus on process and their ultimate goals rather than on the market's trends, reviewing their risk tolerance and their phase in the financial cycle to make decisions that focus on personal circumstances rather than the market. Also on the show, Dr. Ted Klontz of the Financial Psychology Institute discusses how he believes investors should change some of their savings habits to better reach their goals, Doug Roberts of Channel Capital Research weighs in on the Federal Reserve's big rate cut and what it portends for the future, and Roger Conrad of Conrad's Utility Investor talks about energy and utility stocks in the Market Call.   

Jeffrey Hirsch of Stock Trader's Almanac said that while investors are focused on the coronavirus troubles and the election year, he believes the market showed its cards when it scored badly on the 'January Barometer' and other technical measures, signalling that it is likely to be flat and volatile for most of the year. Hirsch also discusses how and how long epidemics of the past have affected the market. Also on the show, author Mike Jaccarino discusses 'America's Last Newspaper War,' Nathan Grant of Credit Card Insider discusses tax refunds and credit-card debts, and Jeff Auxier of Auxier Focus Fund discusses value investing in stocks in the Market Call. 

Dec Mullarkey, head of investment strategy at SLC Investments, said the market's action last week represented a 'fairly orderly repricing of risk' in the market, even though the headlines make it seem more dramatic than that. Mullarkey said he expects there to be at least a 'second leg' to the downturn and noted that he'd be patient waiting for more economic data and to see the spread of the coronavirus before he believes any rally represents a real change of direction.  Also on the show, Greg McBride of Bankrate.com talks about Americans' imbalance between debt reduction and emergency savings, David Trainer of New Constructs puts a stock that is already on the decline into the Danger Zone saying it could go all the way to zero, and Dana D'Auria of Symmetry Partners talks funds and ETFs in the Market Call.

Bill Nygren, manager of the Oakmark Fund, notes that there is always some sort of crisis or problem that threatens the market, and that investors need to remember that their objective is a real-life financial goal and not winning some game of beating the market now, and he notes that there are compelling values -- even before the current downturn -- that long-term buyers should be considering now rather than focusing on the fallout from coronavirus and other short-term events. Also on the show, Michael Sincere -- who warned of the current downturn on the show at the start of February -- returns to discuss what is next from a technical standpoint now that the Standard and Poor's 500 has broken below its 200-day moving average, Rick Konrad, director of value strategy for The Roosevelt Investment Group talks about value investing's natural advantage in closed-end funds, and Mark Charest of the AlphaCentric LifeSci Healthcare Fund talks biotech and pharmaceutical issues in the Market Call.

Personal finance journalism legend Jane Bryant Quinn joins Chuck today for two interviews, the first focused on the reboot of her book 'How to Make Your Money Last,' the second about the state of the financial media and more. In 1995, Quinn labeled most personal finance journalism as 'financial pornography,' appealing to the worst characteristics of investors; the media world has changed dramatically, but her feelings for much of the information out there have not. Also on the show, Tom Lydon of ETFTrends.com makes the sister fund to a big, brand-name issue his ETF of the Week, and Nan Morrison on the Council for Economic Education discusses financial education and literacy in the nation's school systems.

Michael Falk of Focus Consulting Group returns to the show for a very personal discussion with Chuck -- a conversation they plan to revisit regularly -- about how he has dealt personally and financially with the diagnosis that he has ALS, or Lou Gehrig's Disease. They discuss what goes through the mind of a lifelong planner around money and finances, and the plans for Falk's future, however long it will be, in a unique Big Interview. Also on the show, Matthias Kuhlmey, head of development for HighTower Advisors returns to the show for the first time in about two years to talk markets and planning, Shobin Uralil of Lively discusses how and where Americans spend their health care savings dollars, and Gerry Frigon of Taylor Frigon Capital Management talks stocks in the Market Call.

Ken Berman, strategist at Gorilla Trades, said that despite a 1,000 point sell-off in the Dow Jones Industrial Average Monday, the market still looks good from a long-term perspective. He says long-term technicals remain bullish, and he is optimistic that the coronavirus scare could convince leaders in China and the U.S. to get down to serious trade negotiations faster than without the potential pandemic. Also on the show, Kristen Dillard of Quicken on why most New Year's resolutions are forgotten by now, Simon Lack of SL Advisors talking energy stocks in the Market Call, and Chuck answering an audience member's question on using stop-loss orders to protect against the market's volatile edges.

William Smead, manager of the Smead Value Fund, has been bearish on energy stocks and oil companies for years, but he says in the Market Call that the market has been shifting, which makes energy stocks worth buying. He notes that demographics showing that millennials will double their use of gasoline -- despite the increased acceptance of alternative-energy engines in cars -- and that recent troubles have improved valuations of big oil and energy to where they are worth buying. Likewise, he sees a powerful trend in household formation among millennials that will help home-builders and other consumer businesses. Also on the show, Gerri Walsh of the FINRA Education Foundation talks about investor knowledge levels, Vince Annable discusses the 'Household Endowment Model' for managing money, and David Trainer of New Constructs puts two stocks in the Danger Zone.

Francesca Ortegren of Clever Real Estate discusses the cities and communities where individuals are most likely to live paycheck-to-paycheck and why those communities are so hard for making ends meet, and Chuck has to come to grips with the idea that one of his kids currently lives in the worst place in America for getting by. Also on the show, John Cole Scott of the Active Investment Company Alliance talks muni bonds and preferred stocks held in closed-end funds, author Jean O'Toole discusses scholarship opportunities that most students overlook, and Bill Kornitzer of the Buffalo International Fund talks global investing in the Market Call.

In separate interviews, Matt Harris, head of the outsourced chief investment officer division at HighTower Advisors and Sheraz Mian, director of research at Zacks Investment reason, both urge investor caution in the near-term future, but for very different reasons. Harris, a technical analyst, notes the recent strength of the Standard and Poor's 500 index compared to its moving 200-day moving average -- the benchmark is 11.5 percent above the average, which has occurred less than two percent of trading days over the last decade -- generally results in a two to five percent decline in two weeks to three months from when it first occurs. Mian, meanwhile, notes that while the current earnings period has been strong, there are signs of weakening results going forward, which combined with events like coronavirus should mute second- and third-quarter earnings.results. Also on the show, Julie Genjac of Hartford Funds discusses adviser expectations for 2020, and Corey Hoffstein of the Newfound/ReSolve Robust Equity M

Frank Holmes, chief investment officer at US Global Investors, says that airline stocks have been sold down as a result of the coronavirus epidemic, and he expects them to have 'a super surge' -- along with hotels and luxury goods companies --  when the crisis ends, which he thinks is just a quarter away. Holmes also discusses gold, blockchain and more in a wide-ranging Big Interview. Also on the show, Tom Lydon of ETFTrends.com puts the rare bad word in about a specialized fund that he thinks is due for a long stretch of trouble, Brodie Gay of Unison talks real estate appreciation, and Gary Bradshaw of the Hodges Blue Chip Equity Income fund talks brand-name companies in the Market Call. 

Adam Grimes of Talon Advisors has a bullish market outlook, noting that extraneous market events like coronavirus don't typically derail longer, larger market themes, and aren't going to overcome the current forces driving the market for the foreseeable future. Also on the show, financial adviser and author Michael Falk discusses how public discussions of entitlements and other big financial topics must change to avoid collapsing, Richard Barrington of MoneyRates.com on how much Americans overpay on credit-card debt, and Christopher Zook of CAZ Investments makes his debut talking stocks in the Market Call.

Brian Beitner, portfolio manager of Chautauqua International Growth and Chautauqua Global Growth, says that the market and the global economy are in a delicate condition, which raises fears of how an event like coronavirus could create a downturn. Beitner says he thinks the virus situation is transitory and that the market recognizes that it's not going to crash the market or create once-in-a-lifetime buying opportunities in China and emerging markets; he recommends finding stocks with 'durable stories' to get through choppy, volatile markets. Separately, William Delwiche of Baird says the current rally remains healthy from a technical standpoint, noting that so long as market breadth is strong, investors should not fight the trend. Also on the show, Tony Huang of Advent Convertible and Income Fund talks convertible and closed-end fund investing in The NAVigator, and Garvin Jabusch of Green Alpha Advisors covers stock investments with a social point of view in the Market Call.

Tom Lydon, editor of ETFTrends.com, said that investors looking for a trend play in a market dominated by headlines of and reactions to coronavirus might consider KraneShares MSCI All China Health Care Index, making a tactical play on a defensive emerging-markets sector that balances the fundamentals of China's enormous demographics with the reactions to the news. Lydon, in describing the fund, did suggest that investors only consider it as a trend-following type of investment, and suggested that buyers might want to follow short-term moving averages to set their stops. Also on the show, author Michele Cagan discusses her new primer on debts and how to get out of them, Anuj Nayar of LendingClub.com talks about a study on the reasons why men and women keep financial secrets from their partner, and Barry James of the James Advantage Funds talks stocks in the Market Call.

Michael Power, strategist at Investec Asset Management, an international money manager, says that something doesn't look right with the American stock market back at record high levels and seemingly 'walking on air' despite the recent inversion of the yield curve and economic numbers that show slowing and increasing weakness. The U.S. market remains the world's strongest, Power said, but that difference is less pronounced, and valuations in other countries may make it so that international investments -- especially in emerging markets -- are more attractive than U.S. stocks and bonds going forward. Also on the show, Jim Ewing of HighTower Advisors discusses how current market conditions make this a particularly good time to rebalance a portfolio, Sarah Foster of Bankrate.com discusses Valentine's Day spending, and Louis Navellier of the Navellier Funds talks about growth stocks in the Market Call.

Markus Schomer, chief economist at PineBridge Investments, says he is pricing two rate cuts from the Federal Reserve into his forecasts, and note that so long as investors believe the Fed will come to their rescue and cut rates to pump up the economy, the market will keep going higher. Also on the show, Jeff Bishop of RagingBull.com says that market conditions make this a great time to be trading on dips, Ted Rossman of CreditCards.com discusses financial infidelity, and Jeff Mills of Bryn Mawr Trust talks growth stocks and asset-allocation strategies in the Market Call.

Kyle Guske, investment analyst at New Constructs, puts Transamerica Capital Growth Fund into the 'Danger Zone,' noting that the fund is buying the most high-risk, dangerous securities in its asset category. The Transamerica fund has been near the top of the charts in four of the last seven calendar years, but it also has been near the very bottom in the other three of those years; Guske said the holdings in the fund are part of the symptoms that lead to the feast-or-famine performance. Also on the show, Matt Schulz of CompareCards.com talks about Valentine's Day spending habits, Nick DiUlio of InsuranceQuotes.com discusses couples' saving money on insurance, David Stein discusses 'Money for the Rest of Us' and Chuck answers a listener question about the ways he is keeping the change this year. 

Stephen Yacktman, chief investment officer at the Yacktman Funds, says in the Market Call that while the value investment style has lagged growth in recent years, that does not mean investors haven't been able to generate reasonable relative returns that live up to appropriate expectations. He did note that managers may have to look further afield to find some of those bargains and values, and noted that he is looking abroad more now as pricing abroad is more likely to meet his criteria given that domestic markets are at all-time highs. Also on the show, John Yesford of High Income Opportunities talks return of capital in The NAVigator, author Randy Charles Epping discusses 'The New World Economy,' and Kevin Davey of KJ Trading Systems gives his technical take on the market.