Money Life With Chuck Jaffe Daily Podcast

Paul Eitelman of Russell Investments said that the market's path of least resistance still seems to be up, for now, noting that investors should be managing risk more than taking it as the outlook for 2019 is likely to contain an inverted yield curve, rougher economic numbers and more trouble spots that will be hard for investors and the market to avoid. Also, a rebroadcast of a recent interview with Jae Yoon of New York Life Investment management -- taped before the market's recent meltdown and replayed so

Brett Arends, a columnist at MarketWatch, said that the standard 'sleep easy' portfolio mix of 60 percent stocks and 40 percent bonds could be riskier than many investors believe, noting that there have been long periods in the past when these balanced portfolios struggled, notably in times like we are seeing now when both stocks and bonds are expensive and interest rates and inflation are rising. Also, Charles Rotblut of AAII Journal makes a company that popped 30 percent a week ago on merger news his 'Sto

Tedd Rossman of CreditCards.com said that not only have card rates hit an all-time high with the average rate now above 17 percent, but noted that he wouldn't be surprised if the average is past 18 next year. Bill Stone of Avalon Advisors said that the market's recent volatility is 'a return to normal,' and urged people to simply get used to it. Kyle Guske of New Constructs warned against some egregiously priced mutual funds in the Danger Zone, and Chuck answered a question about how mutual fund gains are t

In a show filled with market talk in response to the Dow Jones Industrial Average losing 1,400 points in the last two trading days, Stephen Kalayjian of Ticker Tocker said that the current pullback is healthy for a market that he expects to be range-bound for several months, columnist Michael Sincere saw the market dangerously teetering near its 200-day moving average and showing signs of much bigger declines to come, and Jim Paulsen of Leuthold Weeden Capital Management said that rising rates and inflation

After the major market indices had their worst day since February, Jim Welsh of Smart Portfolios revised the forecast he made on Money Life less than a week ago, when he called for a short-term correction of 3 to 5 percent. Now, he says, a 5 to 7 percent decline is in the offing and the situation could get worse, especially when third-quarter earnings come out and companies alter their guidance. But Welsh said this downturn is a buying opportunity, noting the economy isn't going to support a bear market now

John Silvis, Jeremiah Riethmiller and Richard Lewis of HighTower Advisors talked about current opportunities in the market, -- as well as current dangers -- and came to different conclusions, offering up domestic technology and consumer discretionary, or biotech stocks or emerging markets as the place to look next, while worrying about softening economic numbers, 'Trump, trade and tariffs' and big-box retailers. Also, Jason Ware of 280 CapMarkets discussed democratizing the bond space and making bonds more

Charles Rotblut of AAII Journal made Facebook his 'Stock of the Week' for the second time in six months, but this time he was selling the popular social-media company whereas he bought it back in April. The stock has declined by 7 percent since his original pick, but Rotblut's current decision involves falling earnings and growth estimates, and cutting losses when the characteristics of a company have changed. Also on the show, Karen Davies, director of the Private Equity Management Group, at Huntington Com

Jae Yoon, chief investment officer at New York Life Investment Management, said he expects the environment to remain strong for stocks well into 2019, although he does favor international investments over domestic equities heading into the new year, and he notes that market and economic performance in 2019 will be dependent on the Federal Reserve's response to rising inflation. Also, Mark Hamrick of BankRate.com discussed the jobs report and other economic news, David Trainer put the Securities and Exchange

Three very different market experts shared their outlook on today;s show. Jim Welsh from SmartPortfolios.com said the market is more vulnerable than in the recent past, due for a correction of up to 5 percent over the next few weeks. After that pullback, Welsh expects a bounce back before a bear market sets in. Duane McAllister, senior portfolio manager at Baird said he doesn't see any signs of recession yet, noting that the market is more vulnerable, due for a 3-5 percent correction over the next few weeks

Tom Lydon of ETFTrends.com made the Tactile Analytics AR/VR Virtual Technologies Fund his ETF of the Week, noting that the issue has the technology has the potential to create transformative change in multiple industries in the years ahead. Chelsea Hudson of TopCashback.com discusses tipping customs around the world and how travelers need to research them, we rebroadcast a recent interview with J.J. Kinahan of TD Ameritrade, and Chuck reveals the plan for his annual Halloween 'Cash or Candy' program and how

Jake Falcon, Richard Flahive and Laurie Kamhi said during the Collective Wisdom from HighTower Advisors segment that investors are so nervous about politics that they are having a hard time tuning out the noise and focusing on the strong market as mid-term elections and other events make looming headlines. Also, attorney Dean Hedeker discussed law changes that could have some people hoping to complete a divorce in 2018 while potentially having their former partners wanting to push off the completion of a di

Gary Bradshaw of the Hodges Blue Chip Equity Income Fund said in the Market Call that the economy in the US is booming, and that the upcoming earnings season should be nearly as strong as second-quarter numbers were. Those were up 25 percent and Bradshaw said the continued growth should keep many companies powering forward for the foreseeable future. Also, Charles Rotblut of AAII Journal takes on Elon Musk and Tesla in his 'Stock of the Week,' bond fund manager Scott Kimball of BMO Global Asset Manager disc

John Cole Scott of Closed-End Fund Advisors said in the Marketl Call that while valuations are stretched and discounts are reduced, thee remain plenty of interesting income-related options that are worth a look in the rising-rate environment. Also, Ted Rossman of CreditCards.com discusses a survey on how credit-card users often still prefer cash for small transactions, Sam McBride of New Constructs takes us to the Danger Zone, and author Eric Shaffert discusses his book on feng shui and money.

Sandra Stouthenburg, senior market analyst at Investech Research, said that even though the market is very strong, we could be looking at a large bear market in the offing, beyond the average of 30 percent to the downside. She is defensive right now with nearly 30 percent of holdings in cash. Also, Paul Bischoff of Comparitech discussed frequent flier miles being stolen and sold on the dark web, Kali McFadden of LendingTree chatted about where millennials carry their debt and, in the Market Call, Kathy Boyl

Alan Gayle, chief investment officer at Via Nova Investment Management said that 2018 has been a battle between facts and fears, with the facts revolving around the economy doing well and the fears being that the facts will be changed by tariffs, interest rates and more. He said the fears are tempering optimism but should not scare investors out of the market as he expects current conditions to carry well into 2019. Also, George Young of the Villere Funds said in the Market Call that a minor correction of u

Giorgio Caputo, head of multi-asset strategies, J.O. Hambro Capital Management, said that there are elements for concern in the market, but it has also created some opportunities. For example, while worrying about the rising yield on the 10-year bond, some interest-rate sensitive investment categories have gotten cheaper and are worth buying now. Also, Laurie Kamhi, Richard Flahive and Jake Falcon of HighTower Advisors discussed social investing, Rebecca Borne of the Center for Responsible Lending talked a

Sameer Samana, global quantitative strategist at the Wells Fargo Investment Institute, said that when markets take news in stride, it tends to be a good sign for investors, and he noted that the market is shaking off tariff and mid-term election news and telling people to invest. Also, Nuno Fernandes, co-manager of the AMG Trilogy Emerging Wealth Equity fund, says it's a good time to tilt international holdings towards emerging markets, Charles Rotblut makes a small-cap company the Stock of the Week, and we

Brian Nick said he's still keen on emerging markets and thinks they offer the best value and potential right now, adding that he like Europe too, although there are legitimate concerns as to whether Europe can continue outpacing the US next year. Also, Chris Gaffney, president of world markets for TIAA Bank discussed currencies and global markets, David Trainer of New Constructs put Eventbrite in the Danger Zone, and Nick Clements of MagnifyMoney.com chatted about improving yields on savings accounts.

Sam Stewart, the legendary fund manager who started the Wasatch Funds and who recently joined his two sons as a partner at Seven Canyons Advisors, said that he expects to continue finding stocks worth buying, but he is nervous that market conditions will be changing significantly in 2019. Also, James Hickey, chief investment strategist at H.D. Vest, said he is surprised by how well the market has done in 2018, and that the market is poised to do well -- and possibly surprise him again -- well into 2019. Dan

David Ellison, manager of the Hennessy Large- Cap Financial and Hennessy Small-Cap Financial funds, said the market is poised to keep running well into next year, but he said that Fed actions will determine how long the bull can run. He also said that the market is poised to change when the Fed signals that rate increases are about to end. Also, Ryan Nauman, market strategist at Informal Financial Intelligence, discussed how he likes the consumer-discretionary space, and said he thinks hat there could be a