Money Life with Chuck Jaffe

Dan Keady, chief financial planner at TIAA, says that while investors are looking at their retirement savings and thinking they have been devastated, the market ultimately will help them catch up and recover, provided they don't try to get off the market rollercoaster mid-ride hoping to escape market risk right now. Also on the show, Mark Hamrick of Bankrate.com discusses survey results on how man...

John Blank, chief economist at Zacks Investment Research, says that the market's reaction to the coronavirus public health crisis was foreseeable but overblown, and that strong earnings projections on tap for companies once conditions normalize make a strong rebound look inevitable. He makes the case that the current event-driven recession is not look like the structural recession of 2008, which i...

Ron Sanchez, chief investment officer at Fiduciary Trust Co. International, says there will be three phases to the virus economy, and that we are still in the first, which is marked as a time with extreme uncertainty and anxiety. In phase 2, which he expects to start in two to four weeks, Schwartz expects to lose the extreme-ness of it all, but for the volatility to remain. Abate says he is waitin...

Robert Frick, corporate economist at Navy Federal Credit Union, says that while the virus economy is a clear and present danger to the financial well-being of average investors -- and while the media has been stoking the fears of how bad the market and economy could be moving forward -- that the biggest threat most investors face right now is their own temperament and the ability to control their...

Mona Mahajan, US investment strategist for Allianz Global Investors, says that the stock market won't stabilize until there is a visible path for a 'global return to normalcy,' but adds that she doesn't think the 'long-term fundamental health of the US economy is derailed' by the worldwide reaction to the coronavirus. As such, she will be looking for values and better risk-reward opportunities for...

Meb Faber, head of the Cambria Funds and a noted observer of the investment world, says that while the depth and scope of the current downturn is breathtaking, the best way to deal with it remains being steadfast about your investment plans and changing nothing. Also on the show, Kyle Guske of New Constructs puts two popular brand-name stocks in the Danger Zone, and Dan Wiener, co-editor at The In...

Craig Callahan, president of the ICON Funds, says that the stock market's recent downturn has created the best bargains he has ever seen, better than the darkest days from the 2008 financial crisis or any other downturn he has lived through. He noted that all of the supporting conditions for a true buying opportunity are aligning right now; despite that, Callahan says it's not yet time to buy, tho...

Veteran personal finance and financial writer John Waggoner visits Chuck for the Big Interview to discuss the many market melt-downs and rebounds they have seen in decades of covering the industry, and while Waggoner is confident that there will be a rebound for current problems, he noted that what is different about this downturn is the suddenness and steepness, combined with no apparent safe hav...

Vince Reinhart, chief economist and macro strategist at Mellon notes that pandemics run their course and that most effects of this kind of market shock tend to be temporary. He notes that investors are best served to 'Keep calm and carry on,' as he believes the current downturn ultimately will be matched with a rebound once the effects of coronavirus are near or at an end. ASlso on the show, Andy...

Fritz Folts, chief investment strategist at 3Edge Asset Management, says that while the current market environment is extreme and represents a 'very deep hit to the economy,' he sees the potential for a quick and sharp recovery. That said, Folts was defensive before the market turned and remains that way despite the massive drop-off over the last two weeks; he expects beaten down asset classes to...

John Cole Scott, executive chairman of the Active Investment Company Alliance, says that investors looking for something to buy as they pick through the rubble of the market's recent freefall will find fertile opportunities in closed-end funds, where discounts have widened but yields are up since the market fell away from all-time highs a month ago. Scott offers a few attractive options for today'...

Lawrence McMillan of McMillan Analysis says the market is oversold but it is falling so hard and fast that there is no solid level of support, and that it could fall further before it starts creating real buy signals. McMillan notes that people may be expecting buying opportunities, but they haven't arrived yet as just one obscure indicator from the many he looks at has created a buy signal, sugge...

Giles Coghlan, chief currency analyst at HYCM, says that while domestic investors see trouble based on the US market, the coronavirus is having a global impact on markets that is still in the early stages of being sorted out. Coghlan notes that investors who maintain a three- to five-year outlook might find themselves buying into troubled industries like oil, but that anyone with a short-term view...

Chun Wang, portfolio manager at the Leuthold Group, says that the Treasury market and credit market are sending two different messages, with the Treasuries actions signaling that the Federal Reserve must move and that recession risk is up, even as the credit market is suggesting that the environment remains healthy. Wang says that coronavirus is less of a market catalyst than an accelerator, bring...

David Wright, lead portfolio manager of the Sierra Mutual Funds, says that Monday's market action put the stock market into oversold territory, but he warned against jumping in now because he expects any snap-back rally to be offset by further declines before the market finds a bottom, and investors who race in could 'catch a falling javelin' if they fall for 'false rallies.' Wright, whose indicat...

Jeff Weniger, director of asset allocation at WisdomTree Asset Management, said that the economy was slowing globally before recent troubles and the likely temporary economic effects of coronavirus, and he expects the market to see through the slowdown being caused by the epidemic to avoid long-term trouble, but only after there is more pain market pain. Meanwhile, gas prices are falling, mortgage...

Brandon Thurber, director of the investment research group at Regions Asset Management says that current market events haven't changed his long-term market outlook, because the economic effects of coronavirus are likely to be transitory. He expects a rollercoaster market at least until election day. Likewise, Kristina Hooper, chief global market strategist for Invesco, believes the market's turbul...

Lawrence McDonald, creator of The Bear Traps Report, says that the global economy and business environment are poised to see trillions of dollars leave the United States in favor of international investments in the next two years, a trend that will mute the domestic stock market and make it hard to keep pushing forward. Still, McDonald sees the domestic market rebounding, so that any down action c...

Roger Shaffer of HighTower Advisors, says that individual investors planning their way through the current market turmoil need to focus on process and their ultimate goals rather than on the market's trends, reviewing their risk tolerance and their phase in the financial cycle to make decisions that focus on personal circumstances rather than the market. Also on the show, Dr. Ted Klontz of the Fin...

Jeffrey Hirsch of Stock Trader's Almanac said that while investors are focused on the coronavirus troubles and the election year, he believes the market showed its cards when it scored badly on the 'January Barometer' and other technical measures, signalling that it is likely to be flat and volatile for most of the year. Hirsch also discusses how and how long epidemics of the past have affected th...

Dec Mullarkey, head of investment strategy at SLC Investments, said the market's action last week represented a 'fairly orderly repricing of risk' in the market, even though the headlines make it seem more dramatic than that. Mullarkey said he expects there to be at least a 'second leg' to the downturn and noted that he'd be patient waiting for more economic data and to see the spread of the coron...

Bill Nygren, manager of the Oakmark Fund, notes that there is always some sort of crisis or problem that threatens the market, and that investors need to remember that their objective is a real-life financial goal and not winning some game of beating the market now, and he notes that there are compelling values -- even before the current downturn -- that long-term buyers should be considering now...

Personal finance journalism legend Jane Bryant Quinn joins Chuck today for two interviews, the first focused on the reboot of her book 'How to Make Your Money Last,' the second about the state of the financial media and more. In 1995, Quinn labeled most personal finance journalism as 'financial pornography,' appealing to the worst characteristics of investors; the media world has changed dramatica...

Michael Falk of Focus Consulting Group returns to the show for a very personal discussion with Chuck -- a conversation they plan to revisit regularly -- about how he has dealt personally and financially with the diagnosis that he has ALS, or Lou Gehrig's Disease. They discuss what goes through the mind of a lifelong planner around money and finances, and the plans for Falk's future, however long i...

Ken Berman, strategist at Gorilla Trades, said that despite a 1,000 point sell-off in the Dow Jones Industrial Average Monday, the market still looks good from a long-term perspective. He says long-term technicals remain bullish, and he is optimistic that the coronavirus scare could convince leaders in China and the U.S. to get down to serious trade negotiations faster than without the potential p...