Veteran financial journalist Chuck Jaffe talks with the big thinkers, the power brokers and the market movers to keep you up to date on the market and the economy, with an eye toward where, how and why to invest. Plus personal finance content to cut through the clutter and improve your life.
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MarketLife's Grimes: Technicals 'do not look right' for the rally to roll on
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1:01:02Veteran technical analyst Adam Grimes of MarketLife says that the market "just doesn't look right or feel right" to keep rolling along. It's not the kind of market that can support a big move upward, and is more likely to spend the year range-bound, in a protracted "chop and flop." That doesn't mean Grimes is down on the market, because he says thi…
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Glenview Trust's Stone: Good news is baked into market, making it easy to disrupt
59:21
59:21
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59:21Bill Stone, chief investment officer at Glenview Trust, says that the stock market has priced in so much good news that it makes him want to be more cautious, looking into headline risks for potential value opportunities. Stone notes that the stock market has had previous periods with three strongly positive, consecutive years — and it could comple…
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Oakmark's Nygren on valuations, diversifying and the shrinking large-cap pool
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59:16
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59:16Legendary value manager Bill Nygren, chief investment officer at Harris Oakmark and co-manager of the Oakmark Fund, says "it's a pretty good time for investors, especially those who want to diversify away from the S&P 500 megacap technology risk," but he notes that investors who stick with the biggest stocks will find performance increasingly volat…
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Argent's Stringfellow: This 'Whac-A-Mole' market is 'the new normal'
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1:01:36Tom Stringfellow, chief investment strategist at Argent Trust, said on Money Life last May that the market was having "Maalox moments," but the worries and concerns now make it a "Whac-a-Mole market." Despite that, he says the current conditions represent a return to normalcy, a new standard in which valuations may be permanently higher and stock p…
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Pinebridge's Kelly: Buckle up and enjoy the ride
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55:10
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55:10Michael Kelly, portfolio manager and global head of multi-asset for PineBridge Investments, says the market is like Star Trek, "going into a world where no one's been before," seeing new technologies like artificial intelligence become dominant, observing changes in geo-political lines and watching profits continue a trend of being high but going h…
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Shelton's Rosenkranz: Uncertainty is creating volatility, and bond bargains
1:00:27
1:00:27
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1:00:27Jeff Rosenkranz fixed income portfolio manager at Shelton Capital Management — manager of the Shelton Tactical Credit Fund — says that what investors are facing more than sticky inflation and interest rates is sticky uncertainty. That doubt has increased volatility, especially in individual companies, industries and sectors as proposed tariffs play…
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Macro Tides' Welsh sees warning signs of a coming correction
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1:01:07
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1:01:07Jim Welsh, author of “Macro Tides” and the “Weekly Technical Review,” says the technical signals that have been evident since November — with the market making new highs while fewer stocks are advancing — are "a warning sign should a reason to sell appear, and I think we're going to get one of those." Welsh thinks that tariffs and the new administr…
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Stansberry's Tilson: Few bargains, but lots of reason to ride the bull
59:58
59:58
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59:58Whitney Tilson, editor at Stansberry Research, says that while there are reasons to be nervous, the market remains near record-high levels and is not showing signs that it is over-inflated and ready to burst. Tilson notes that fundamentals are strong and the U.S. has the best-performing economy in the world, so investors have correctly priced stock…
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Innovator's Urbanowicz: Keep 'foot on the gas pedal,' but manage risk
1:01:23
1:01:23
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1:01:23Tim Urbanowicz, chief investment strategist for the Innovator ETFs, says that the stock market can keep running for as long as investor sentiment remains strong, but he notes that those emotions have been at such high level that there's not much room for a setback — which could be caused by tariffs, inflation and more — without cratering the market…
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Stack's Jonson sees 'substantial downside risk to the index'
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58:56
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58:56Zach Jonson, senior portfolio manager at Stack Financial Management, says current valuations "really only fall in line with 1929 and 1999, so we see substantial downside risk" to the Standard & Poor's 500, but investors can avoid "historic ber market losses" in the mega-cap stocks that have lead the market for the last two years by rotating toward …
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Economist Yaruss: Mix tariffs with rate hikes and you've got a recession
1:01:27
1:01:27
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1:01:27Economist Howard Yaruss, a professor at New York University and the author of "Understandable Economics," talks about how tariffs work and why increasing the levies now could lead to stagflation — higher prices with a worse economy — depending on how consumers and the Federal Reserve react. Yaruss isn't predicting recession yet, but he does see the…
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ITR's Saidel-Baker: Inflation's going to get worse, but won't trigger recession
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1:01:22Lauren Saidel-Baker, economist at ITR Economics, says the "green shoots have been forming" among leading economic indicators, showing that growth is ahead for the economy, along with a normalization as the last ripples of the Covid-19 economy are finally playing out. She expects the Federal Reserve to struggle or fail in its efforts to hit a 2 perc…
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Midas Fund's Winmill on why gold - at record highs - has room to run
59:51
59:51
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59:51Thomas Winmill, manager of the Midas Fund, discusses how uncertainties over tariffs, trade wars and geo-politics have help boost gold prices by more than 40 percent in the last year — and mining-company stocks by even more — and yet the current level of concern is going to help precious metals go even higher from here. He explains why the higher pr…
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How profit motive, greed and arrogance have stunted Alzheimer's research
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1:04:32
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1:04:32Charles Piller, author of “Doctored: Fraud, Arrogance and Tragedy in the Quest to Cure Alzheimers,” discusses how research into one of the world's most devastating health scourges has been held back by the egos and profit motives of some of the leading researchers, and what they have done to keep their research in the spotlight even as more science…
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ICON's Callahan: Even at fair value, this market has room to rise
58:31
58:31
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58:31Craig Callahan, chief executive officer at ICON Advisers, says the stock market is trading near its fair value, but that it has enough earnings momentum to push out an average year of gains — something in the range of 9 to 11 percent — and that it could do better if profits come in above expectation levels. He does anticipate more volatility, but f…
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Hancock's Roland: 'The cycle continues to chug along'
59:36
59:36
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59:36Emily Roland, co-chief investment strategist at John Hancock Investment Management, says "the soft landing narrative right now is alive and well," but she is watching initial jobless claims and and high-yield bond spreads, both of which have been at levels showing continued economic strength and which aren't signalling any change in that trend. She…
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Economic clarity, policy uncertainty, and a coming 'garden-variety' correction
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59:23
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59:23The show — like the stock market and economy — moves in a lot of directions today, with Ron Sanchez, chief investment officer at Fiduciary Trust Company International, saying that there's a "high degree of clarity around the economy," — a level of sustainability and durability that he thinks will last at least through 2026 — balanced out by a host …
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