Money Life With Chuck Jaffe Daily Podcast

Dan Kemp, chief investment officer for Europe, the Middle East and Africa for Morningstar Investment Management, said investors should beware of vivid, attention-grabbing forecasts because the ingredients that get your attention are not necessarily the most valid when it comes to the market. He noted that boring forecasts about the future looking mostly like the past tend to be more accurate. Also on the show, Buck Klintworth of Chase Investment Counsel said he expects the stock market to be flat to slightly down during the summer before going on a run, meaning that any near-term pullbacks should be buying opportunities. Matt Hougan of Bitwise Investment Management discusses his recent research showing that most Bitcoin trading statistics are wildly fake, with 85 percent of reported trades not being real, and Ernie Cecilia of Bryn Mawr Trust Co. talks stocks and ETFs in the Market Call

Chris Larkin, senior vice president at E*Trade said in The Big Interview that while the market appears to be slowing and many experts are talking about the potential for a recession, the market looks like it can continue to push forward for a while. Just the same, he suggested that investors want to adjust their strategies to accept heightened volatility and slower growth. Also on the show, Tom Lydon of ETFTrends.com makes a short-term bond fund his ETF of the Week, Chuck answers a listener question about the right number of credit cards to have, and Stephen Yacktman of the Yacktman Funds talks stocks in the Market Call.

College professor and author Robin Feldman said that secret deals and strategies used by the drug industry has medicine costs rising even when they shouldn't be. The system, she explained, favors higher-cost drugs at the expense of more-affordable care. Also on the show, the gang from HighTower Advisors -- Jimmy Hausburg, Jeff Kelly and Ray Baraldi this week -- identify the emerging industries they are most intrigued by now, and Ryan Jacob of the Jacob funds has the Market Call.

Jeff Bishop of RagingBull.com and WeeklyMoneyMultiplier.com, said that he is looking to trade the downside and bet against the big gainers of the market's recent rally because he believes the market has topped out for a while. Bishop noted that he expects a choppy sideways market through much of earnings season, followed by a downward trend as earnings numbers reveal slow or declining growth. YAlso on the show, Mike Foy on J.D. Power's latest full-service investor survey, author Doug Lynam on his journey from monk to money manager, and Kiplinger's columnist Steve Goldberg of TG Investing, talking funds in the Market Call.

Sam McBride, analyst at New Constructs, put TrueCar Inc. in the Danger Zone, noting that the stock had been there in 2017, and it lost roughly 60 percent of its value thereafter. That doensturn hasn't made the stock look better, McBride noted, and he made a strong case for hy the stock is still significantly overpriced. Also on the show, Thomas O'Shuaghnessey of Clever Real Estate discusses his firm's survey of thousands of credit-card users, Richard Smith of TradeMmith talks trading today, and Jeffrey DeMaso, director of research at Adviser investments, has the Market Call

Jim Welsh of Smart Portfolios said he expects the market to reach a near-term high -- propelled by a window-dressing rally as fund managers try to make their portfolios look like winners with moves at the end of the first quarter -- but that the optimism that comes with that move will also bring about the rally's end and lead to a modest pullback. After that, he believes the market's direction is likely to be determined by the outcome of trade concerns in China, Europe, and England. Also on the show, Brett Arends of MarketWatch.com discusses a study which shows that the music you listen to while making investment decisions could impact how well you do in the market, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how heavy lifting in your job could impact your ability to retire comfortably, and we rebroadcast a recent interview with Mike Liss of American Century Value.

Stan Haithcock, also known as 'Stan the Annuity Man,' said investors should be wary of sales pitches for indexed annuities, which are advertised nationally but regulated by states, leaving consumers hearing 'potential, hypothetical, theoretical back-tested, hopeful, non-guaranteed, agent-created return scenarios' about products likely to disappoint in the long run. Also on the show, Tom Lydon of ETFTrends.com makes an emerging-markets bond fund his ETF of the Week, Greg McBride discusses the Fed's Wednesday meeting and what it means for the market and economy for the rest of the year, and we rebroadcast a recent interview with Brian Beitner of Chatauqua Capital Management.

David Jilek, chief investment strategist at Gateway Investment Advisers, said that bonds may not be the best way for investors to reduce risk in the current market, given where we are in the interest-rate cycle. Also on the show, Jeff Kelly, Jimmy Hausberg and Ray Baraldi of HighTower Advisors discuss whether investors should have long-term bonds in their portfolios now, Jill Gonzalez of WalletHub.com talks about the best frequent-flier programs, and David Miller of the Catalyst Mutual Funds has the Market Call.

Rich Guerrini, chief executive officer at PNC Investments, said that investors should recognize that they are nearing the end of a growth cycle -- though he does not expect that cycle to end until 2020 or later -- and that there is real risk behind current events, but he warned against being spooked out of the market when prospects the economy remain solid. Also on the show, Chuck answers an audience question about the 'Rule of 100,' Karen Arth of Key Bank discusses family dynamics in estate planning and Ian Mortimer of the Guiness Atkinson Global Innovators fund talks stocks in the Market Call.

Terri Spath, chief investment officer at Sierra Investment Management said that the market has plenty of current opportunities, but investors will be better served being selective and picking specific securities rather than buying indexes, noting that the market tends to 'take the escalator up, but the elevator down' meaning there could be significant bumps in the road ahead. Also on the show, Leonard Wright of the AICPA discusses retirees' most significant worries, author and financial adviser Eddie Ghabour talks about what it means to be a 'Common-Sense Bull' in this market, and Kyle Guske of New Constructs discusses why companies reaching for certain balance-sheet results are creating a dangerous false narrative.

John Waggoner, senior associate editor at Kiplinger's Personal Finance, discussed his research looking at how mutual funds performed during the market's late 2018 downturn and the snap-back rally in January and said that the market's 10-year-long rally gives investors few chances to see how a fund will perform in a downturn, making the recent experience relevant and important for investors worried about how their funds will weather future storms. Also on the show, Ken Schapiro of The Robo Report discussed the performance of robo-advisors over the last decade, author Niall Gannon discussed 'Tailered Wealth Management,' and Fidelity's Keith Bernhardt talked about required minimum distributions from retirement accounts.

Joe Davis, global chief economist at The Vanguard Group, said that despite significant headline risks, and slower rates of growth, the economy keeps chugging along and the stock market should mostly be moving forward with it. Davis said he entered the year with the Fed and interest rates as the top risk facing the market and he said much of that concern has been abated; trade issues -- his second-biggest concern -- are now the top worry. Also on the show, Tom Lydon of ETFTrends.com has the ETF of the Week, author Pat Garofalo discusses his book 'The Billionaire Boondoggle," and Fidelity's Begonya Klumb discusses health-savings accounts.

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for international investing -- especially in China -- remains strong, despite the dangers. Also on the show, Peter Lang and Michael Sheldon of HighTower Advisors revisit a classic and discuss active versus passive management styles, Ted Rossman of CreditCards.com covers a recent survey on which type of rewards consumers prefer, and Leah Bennett of Westwood Wealth Group talks stocks in the Market Call.

Giorgio Caputo, head of multi-asset strategies at J.O. Hambro Capital Management, said that the equity market is acting like the economy is strong and can keep rolling, while the bond market is nervous that trouble is mounting, leaving the Federal Reserve and its rate strategy as what may be the primary determinant of how the market goes for the rest of the year. Also on the show, Deborah Kearns of BankRate.com discusses a survey showing that homeowners often have buyer's remorse about their home, Zach Jonson of Stack Financial Management looks at the market's technicals and sees a bull with room to run for a bit longer, and Manny Weintraub of Integre Asset Management talks stocks in the Market Call.

John Blank, chief equity strategist and chief economist at Zacks Investment Research said investors should expect surprise rallies and retracements, but the market isn't going to make a strong bull move until August or later. Also on the show, Jill Gonzalez of WalletHub.com discussed their recent survey on how many Americans expect to miss a credit-card payment this year, David Trainer of New Constructs talked about the Lyft initial public offering and why the company -- with virtually no prospect for earnings -- is a trap. Also, Greg Woodard, portfolio strategist for Manning and Napier talks stocks in the Market Call.

In a day filled with talk about the market, Axel Merk of the Merk Funds said the market is getting late in its current cycle and that it is likely to have a tougher tmie making gains going forward. He suggested that investors rebalance their portfolios to lock in gains and reposition themselves for the tougher sledding to come. Before that, however, Matt Harris of HighTower Wealth Management noted that the market's technical signals are suggesting that a slowdown is coming, but he said the catalyst for real trouble is not yet visible. And Avi Gilburt of Elliot Wave Trader said he expects the Standard & Poor's 500 to test recent resistance levels of 2,600 and to go as low as 2,200 if it breaks through, yet he is also forecasting a snap-back rally that will take the index to 3,200 -- and as high as 4,100 -- by 2022-23. Also, Chuck discusses the 10-year anniversary of the start of the bull market and what it means for investors.

Fritz Folts, chief investment strategist at 3EDGE Asset Management said that while domestic markets look like they can continue to run, valuations are stretched, making emerging markets and gold much more appealing right now. Folts noted that he is completely avoiding Europe and Japan right now and noted that economic and market conditions going forward will depend on the skill of the Federal Reserve in avoiding trouble. Also on the show, Tom Lydon of ETFTrends.com talks financial technology with his ETF of the Week, Mark Hamrick of Bankrate.com talked about the regrets many people have over how student-loan debt affects their lives, and Mike Liss of the American Century Value fund has the Market Call.

Krishna Memani, chief investment officer at OppenheimerFunds, said that the global economy and global growth are softening, but the policy framework is holding strong, allowing the markets to move forward and stay positive for the long-term. Memani said he believes the Fed is done with rate hikes for the year, and noted that the recent rally may have been overdone, meaning that stocks could tread water for awhile before continuing to climb. Also on the show, Michael Sheldon and Peter Lang of HighTower Advisors discuss their concerns for the rest of the year, Terry Jones of Investors' Business Daily discusses the bounce-back in optimism among investors, and value manager Jeff Auxier of the Auxier Focus Fund has the Market Call.

 Dan Zanger, chief technical analyst at ChartPattern.com said that the market is likely to chop sideways -- stuck between the 2,650 support and 2,810 resistance levels on the Standard and Poor's 500 -- until we see the direction of the next quarter's earnings releases, which start coming out in mid- to late April. Also on the show, Jill Gonzalez of WalletHub.com discussed the top hedge-fund stocks from 2018, author Nathan Latka talked about his ideas for getting rich  even if you lack capital, and we re-broadcast a recent Market Call interview with George Putnam III of The Turnaround Letter.

After watching Warren Buffett apologize for taking a $20 billion write-down for Berkshire Hathaway's investment ni Kraft Heinz, David Trainer of New Constructs said the problem highlights trouble ahead for value investors, who he says have been looking at the wrong metrics and following the pack, which has them headed for trouble. Also on the show, Brandon Thurber of Regions Asset Management said that the market is going through a 'pro-risk on environment for equities, at least for now.' while Rosanna Landis Weaver of As You Sow discussed her group's list of the 100 Most Overpaid CEOs for 2019, with Rob Lutts of Cabot Wealth Management in for the Market Call.