Money Life with Chuck Jaffe

Abhay Deshpande, founder and chief investment officer at Centerstone Investors, says that international stocks are already looking like good values but are likely to be priced even better with another drop from here, but it is creating "a dream scenario for anyone who has a three- to five-year time horizon," so while he sees the proverbial blood running in the streets globally, he thinks investors...

Wade Pfau, professor of retirement income at The American College of Financial Services and the nation's preeminent expert on reverse mortgages, says that retirees are facing a delicate balancing act right now, worrying about sequence-of-return risk -- which is heightened during times of bear markets and high volatility -- but also how to fund retirement. Reverse mortgages can be a key tool in tim...

Crit Thomas, global market strategist at Touchstone Investments, acknowledges that he is giving potentially controversial advice in suggesting that with interest rates still rising investors might look to buy longer-duration bonds, but he thinks that rates will peak soon and that investors who stay completely focused on short-term bonds will find themselves with significant re-investment risk -- t...

Simeon Hyman, global investment strategist at ProShares, says that the dividend aristocrats have grown their payouts beyond even the current levels of inflation, which makes them — along with companies that benefit from rising rate environments- the sweet spot for tilting a portfolio now. In The Big Interview, he also discusses how to tilt a fixed income portfolio for today's challenging condition...

Thomas Samuelson, chief investment officer at Vineyard Global Advisors in Denver says that last week's inflation news and other current conditions have increased the potential for recession, and he notes that the historical decline for a bear market with a recession is 35 percent, which will have the market testing June lows and likely going deeper, potentially dropping the Standard & Poor's 500 t...

Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Co., says that history shows that when inflation has peaked, the stock market has bottomed, and he believes inflation peaked in June, which along with other conditions means that the bottom is in. Still, he notes that the market will be "discomfortable" as the economy moves back and forth from inflation to recession....

Jack Ablin, chief investment officer at Cresset Capital Management, says that he believes current inflation-rate statistics are over-stating the problem, caused in part by backward-looking data mixed with the human nature of forward-looking investors. He expects a step-back in inflation measures, though it may be 2023 before that happens. Meanwhile, Ablin says that the market's reaction to Tuesday...

Jose Torres, senior economist at Interactive Brokers, says economic risks right now are "skewed to the upside," noting that gas prices could reverse course in the fall; with the market showing Tuesday that it can't handle service prices rising even as oil prices fall, Torres says that the picture could get ugly if gas prices rise and other prices keep going up too, increasing the need for the Fede...

Carly Garner, senior commodity strategist at DeCarley Trading says that "despite all the scary fundamental stories and headlines we read," the cache of money that investors have now will be put to work in stocks to bonds, creating enough momentum to overcome the emotion and volatility she expects for the market in the next year. She also believes that gold and silver -- which have heretofore been...

Money Life wraps up its interviews fro FinCon 2022 in Orlando with eight different talks today, finishing with Joe Saul-Sehy of the Stacking Benjamins podcast, who notes that in his years attending the meeting of bloggers, podcasters and content creators he has seen a change in the Financial Independence, Retire Early crowd, where many people enjoy the concepts and are practicing elements of the d...

Cheryl Pate, senior portfolio manager for the Angel Oak Financial Strategies Income Term Trust, says that community banks stand out as a part of the financial sector that is poised to benefit into 2023, as banks will likely see the bulk of continuing rate hikes fall directly to the bottom line. Still, she favors bonds to stocks in the sector. When that interview for The NAVigator is finished, the...

Chuck heads to Orlando for FinCon '22, the annual conference of content creators, financial coaches, educators and more, and he samples some of the expertise speaking with Doug Nordman of MilitaryFinancialIntelligence. com about whether veterans have been treated any differently by the market in this downturn, Monica Scudieri of GrabYourSlice.com, Jason Parker of RetirementBudgetCalculator. com, a...

Legendary investor and noted philanthropist David Rubenstein of The Carlyle Group says that today's inflation feels like the 1970s, a time that taught investors that it is hard to get inflation out of the system. That has left the economy "treading water," trying to get comfortable with how the situation will play out before it can move forward; in the interim he expects low econnimc growth stoppi...

Christine Benz, director of personal finance and retirement planning for Morningstar Inc., says that recession-proofing your portfolio and making it inflation-resistant requires different actions, but the biggest similarity to both processes is that investors need a plan that they can ride out until conditions improve. She notes that flip-flopping on strategy -- more than following flawed strategi...

Joe Quinlan, head of CIO market strategy for Merrill and Private Bank at Bank of America, expects heightened volatility with the market mostly flat until the point when the market anticipates that the Federal Reserve's tightening cycle is about to end, at which point "markets will swing back toward the green. ... The sooner Jay Powell gets it done, the better for the markets and the better for equ...

Joe Terranova -- widely known on Wall Street as 'Joe T.' -- chief market strategist at Virtus Investment Partners, says that the stock market and economy are not going through the kind of short, sharp downturn-recovery pattern investors have grown used to this century, but that time will resolve the issues making it so that investors with the time to ride it out -- and favoring companies with stro...

Alan Gayle, president at Via Nova Investment Management, says that while he is optimistic that Europe and other global markets will see a strong recovery in the future, until that happens -- likely sometime next year -- he prefers to be invested in the United States, despite the struggles of markets here. In a wide-ranging Big Interview, Gayle calls the current environment "exceptionally complicat...

David Jilek, chief investment strategist at Gateway Investment Advisers, says that the market is likely to continue along a volatile path as it looks for resolution from today's headline risks, and he notes that investors need to mitigate risks and position themselves less to profit now than for the future point when the market comes out of the doldrums and starts its next real climb to a bull mar...

Moe Ansari, chief investment officer at Compak Asset Management and the long-time host of "Market Wrap with Moe," joins Chuck for the most unusual Market Call interview in the history of Money Life, calling out the culture of stock picks and the way audiences use them. In The Danger Zone segment, Kyle Guske, investment analyst at New Constructs, talks about why pet-food retailer Chewy is a barking...

Clyde McGregor, long-time manager of the Oakmark Equity and Income fund, says he is "suspicious" of the market's recent rally after valuations didn't get low enough during the bear market to sound the all-clear on trouble. That is one key issue to investing now, McGregor says, with the bigger concern being that current conditions are different than in the past, most notably with changes in the rel...

Eddy Vataru, chief investment officer for total return at Osterweis Capital Management, says that investors are thinking wishfully that the Federal Reserve can play with interest rates and inflation to engineer a soft landing for the economy, but he believes any scenario where the Fed is not hiking rates until inflation drops to their target of 2 percent is too rosy. He says the Fed will be as haw...

Arjun Jayaraman, portfolio manager at Causeway Capital Management says that emerging markets investors are trying to decide if the next 10 years will be as flat and troubled as the last decade, and he says that despite prominent, key headline risks, China and emerging markets have plenty of promise now, and should turn out to be better over the next 10 years than they were over the last 10. Jayara...

David Kelly, chief global strategist at J.P. Morgan Asset Management, says inflation has started to roll over, and once the Federal Reserve pivots away from tough talk about fighting inflation he expects the market to move higher. Kelly says that opportunity is coming in "months or quarters rather than years," meaning that opportunity is around the corner and making this a good time to put money t...

David Trainer, president of New Constructs, says that while Robinhood Markets is down about 80 percent from its 52-week high and that it has room to go a lot lower, having burned through $3.5 billion in cash in the last 12 months, with just more than that amount left in cash on the books. Trainer put the company back into The Danger Zone, saying "We're really not sure what is going to prop this zo...

Jeff Bishop, chief executive officer at RagingBull.com, says he that the market has rallied to a point where he is looking to take money off the table on the upside and starting to get short anticipating that areas like technology that have rallied the most off the lows are due for a fall as the current bear market rally starts to falter. Bishop acknowledges that he might be early, but he'd rather...