Money Life with Chuck Jaffe

Mike Calwell, manager of the Driehaus Life Sciences Fund, says that while investors are focused on the coronavirus pandemic and the companies poised to cash in on developing a vaccine, the next decade for life-sciences stocks should include wide-ranging personal health developments combatting things like heart disease and cancer that will still be among the nation's biggest killers long after the...

John Blank, chief market strategist and economist at Zacks Investment research, says that for all of the stock market's volatility and its headline-induced nervousness, results have been mostly average and investors who look at the long run can easily recognize that the market has been sticking with historic norms despite feeling like it has been put to historic extremes. Also on the show, Chuck a...

Jeff Klingelhofer, co-head of investments at Thornburg Investment Management, says that investors should be nervous and defensive because of the disconnect between the economy and the stock and bond markets, noting that he worries that the Federal Reserve is ill-equipped for fighting unemployment in addition to its traditional role of combating inflation. Despite the worries, Klingelhofer still be...

Ben Hunt of Epsilon Theory says that 'every effective CEO today is a CEO who can tell a story and create a narrative that may or may not have anything to do with real-world performance,' and he says that investors have to cut through those stories to figure out what is real and what is overblown, disconnected from fundamentals and economics. He notes that investors must make up their own minds, ra...

Jeff Weniger, director of asset allocation at WisdomTree Asset Management, says that investors need to put potential election outcomes into their plans ahead of time, and he notes that the reaction should include how each candidate is likely to respond to the coronavirus pandemic from here. Weniger says, for example, that investors should overweight financial is they expect a Trump victory -- whic...

Abhay Deshpande, chief investment officer at Centerstone Investors, says that the market's February-March swoon created the best situation that value investors had seen since the financial crisis of 2008, and that the recent rebound back to record-high ranges hasn't diminished the value prospects for a lot of businesses. Deshpande says that 2020 by the numbers -- rather than the events that have c...

Simeon Hyman, global investment strategist for ProShares, says that while investors have focused on technology and health-care stocks during the pandemic, the pet-care industry has been thriving, buoyed not only by increased demand but by the consistent way in which pet owners spend on their pets. The ProShares Pet Care ETF is up nearly 30 percent this year and Hyman said that steady gains and gro...

Technical analyst Katie Stockton, founder of Fairlead Strategies, says that the stock market's winter swoon may have set it up for the current recovery and helped it avoid a bubble, but she warns that her outlook for the market in the short run is negative. The decline she sees coming, however, should prove to be a buying opportunity, because her long-term market expectation is positive and bullis...

Martin Leclerc, chief investment officer at Barrack Yard Advisors, says in the Money Life Market Call that the stock market is currently poised to disappoint investors 'for at least a decade if not longer,' yet despite risk levels that he compares to past market meltdowns like 2008 and 1929 there are still some values worth buying for the long haul. Also on the show, Marc Zeitoun of Columbia Threa...

Jason Wilson, manager of the ETFMG Alternative Harvest fund (ticker MJ) says that investors who believe that the investment opportunity in legalized marijuana is from pot shops and people smoking dope are missing the much broader uses of cannabis and its potential in pharmaceuticals and biotech business and more. While the small names have attracted attention of risk takers, he says sticking with...

Richard Peterson of MarketPsych Data says that most of the economy is not doing well as a result of the global pandemic, which has fostered two different markets, the one made up of companies profiting from the conditions and benefitting from consumer habits that are likely to be permanently changed, and then the market of companies hoping for a comeback or return to normal that may not be enough,...

Harry Dent Jr. of Dent Research, editor of the "Economy and Markets' newsletter, says he believes the worst crash of our lifetime started in February and that it will last to the end of 2022, driven by the Federal Reserve Bank 'losing control' early in 2021. He notes that the only markets that have returned to record highs are measured by the biggest domestic indexes, with every other measure belo...

Robert Frick, corporate economist at Navy Federal Credit Union, says that the economy's problems are 'intractable' in the short and medium term, and while the recovery can continue, he believes it will be slower and less robust than most current forecasts, noting that while a long-running bull market brought the stock market back from the Great Recession of 2008, the economy in some ways is only j...

Chris Vermeulen, chief market strategist at The Technical traders, says that enthusiasm over the market's run back to record highs has overheated, making it likely that there is a pullback of 5 to 10 percent, after which he expects the rally to resume and for stocks to grind back to record highs and beyond. Meanwhile, Marc Lichtenfeld, chief income strategist at The Oxford Club, says that dividend...

Duke University economics professor Campbell Harvey, senior advisor at Research Affiliates, explains some of the seven risks he sees as being able to derail a robust economic recovery, noting that the biggest one is how giddy and excited investors have become, seeing the market's rebound through rose-colored glasses. Also on the show, Tom Lydon of ETFTrends.com selects a clean-energy fund as his E...

Craig Callahan, founder of the ICON Funds -- who said just before the stock market bottomed out in late March that it was the best bargain pricing he had ever seen -- says that the market's rise back to record-high levels has dampened the shopping spree somewhat, but that plenty of values remain. He breaks companies into three groups now, those unaffected by the recession and pandemic, those hurt...

Jeffrey Hirsch, editor of the Stock Trader's Almanac, says the stock market's seemingly ho-hum reaction to election news has been because the result remains a toss-up, but now that the conventions have passed and the election process is entering the home stretch, he expects a more significant response as market forces decide what kind of impact to expect from either an incumbent victory or a regim...

Famed value investor Joel Greenblatt, co-chief investment officer at Gotham Asset Management, explains how the market's changes haven't affected what he looks at in stocks, but stresses that value investors who insist on traditional measures like price-to-earnings or price-to-book ratios will not see the real bargains available now, even as the market returns to record-high levels. He explains how...

JJ Kinahan, chief market strategist at TD Ameritrade, says that the virus and the election will dominate the market action for the remainder of the year and until they are settled, but he says that the election results may not shake things up much on the whole, instead hitting specific sectors hard. He notes that what happens in the House and Senate -- particularly if control of the latter shifts...

Jack Ablin, chief investment officer, says while market conditions are positive, investors need to be choosy because the current rally is not broad. To that end, he suggests that investors 'are better served by some individual selection,' both in stocks and bonds; he notes that the pandemic has highlighted the need for critical thinking, with stocks like Netflix and Disney that once were considere...

Willie Delwiche, investment analyst at Baird, says that the market's technicals are sending a clear message that the market is in an uptrend that is likely to keep rolling, so that 'Getting really negative about the market right now doesn't make any sense.' In the Big Interview, Steve Rick, chief economist at CUNA Mutual group, notes that while he expected a recession in 2020, it was not for pande...

Avi Gilburt, founder of the Elliott Wave Trader, says he expects the Standard and Poor's 500 Index to hit 5,000 by 2022, and while he believes there will be a pullback before that rally starts, he believes there will be a 'global melt-up' that will dramatically lift global markets in 2021, allowing them to reach his long-term target the following year. Also on the show, Marc Chaikin: of Chaikin An...

Dec Mullarkey, head of investment strategy at SLC Investments, says that the market's recovery has been largely bifurcated, with the FANG stocks benefitting from and fueling the run back to record highs while the rest of the Standard and Poor's 500 and the rest of the Standard and Poor's 500 has been struggling to recapture pre-pandemic prosperity. Mullarkey says that the market has reached the po...

The stock market may be back to record high levels, but Jeff Auxier of the Auxier Focus Fund notes that the rally has been narrow with just 6 percent of stocks at or near their peaks. Auxier believes the coronavirus pandemic has left many stocks in buying territory because it amounts to a 'fixable temporary problem,' the kind of thing that knocks down a stock price without impairing it permanently...

Eddy Augusten, investment committee chair at Concurrent Advisors, says that while the market looks stretched and risky -- with stocks and bonds both being expensive by some conventional metrics -- the economy is strong and showing signs that it can push the market higher. Augusten stressed the importance of looking beyond the standard numbers during times when numbers are uncertain and confusing....