Money Life with Chuck Jaffe

Brian Nick, chief investment officer at Nuveen, says that the stock market enters the next decade with high valuations and other conditions that do not seup up well for great investment returns, and he warns investors that they may need to move away from the tradition 60-40 stocks-to-bonds allocation in favor of something that carries more alternatives in order to continue to deliver anything clos...

Michael Dowdall, investment strategist for BMO Global Asset Management, says the trade war between the United Stateas and China will be the over-arching headline for the foreseeable future, and while he expects minor deals to be announced he believes a full resolution of tensions will be elusive in 2020. Despite that, he believes the American consumer will continue to drive the market higher, and...

Michael Mullaney, director of global markets research at Boston Partners says that while there are some warning signs clearly visible -- and wildcards like trade wars and Brexit that could cause further deterioration -- investors should stay fully invested for as long as the economy continues showing growth and companies keep on reporting profits. He suggests that investors side with stocks that h...

Tom Lydon, editor at ETFTrends.com, made the PIMCO Low Duration Active ETF -- ticker symbol LDUR -- his 'ETF of the Week,' noting that the low-duration exchange-traded fund not only mitigates risk but can increase returns from money-market funds by as much as one full point, a significant difference in a time when money mostly parked on the sidelines isn't delivering much return. Also on the show,...

Erik Weisman, chief economist and portfolio manager at MFS Investments, says that while the market and economy are giving off generally positive signs of strength, the numbers this time may be hiding some issues that could shorten the current business cycle and dampen returns. Also on the show, Washington Post columnist Allan Sloan talks about the one tax move he thinks anyone in their 70s should...

Jason Thomas, chief economist at AssetMark, said that investors are too concerned with current events and the upcoming election when they should be focus instead on the earnings power of big companies, which he said will continue to drive the market for the foreseeable future. Thomas said that while investors have reasons for their personal concerns around news, they should tune out the noise to f...

Today's show covers a lot of ground, from Matt Zajechowski of Digital Third Coast talking about a survey on package thefts and giving out tips for foiling box bandits this holiday season, to Ben Hunt of EpsilonTheory.com talking about his big concerns for the markets that have been mostly overlooked by observers and experts, on to international value investing in the Market Call with guest David M...

Chuck celebrates Black Friday with tips on the best and worst card deals and items to shop for from Jill Gonzalez of WalletHub.com, and talk about how to avoid the worst retail store credit card offers. There's also The NAVigator, where Jerry Raio of Arbor Lane Advisors gives his take on 2019 IPOs and the outlook for 2020, and the ETF of the Week from Tom Lydon of ETFTrends.com. Also on the show,...

Jim Sarni, managing principal at Payden and Rygel, says that 2020 looks to be a year of heightened volatility, centered around market flashpoints like tariff and trade wars, interest-rate concerns, the Presidential election and more, but he notes that the environment will be one where cooler heads prevail. He urges investors to stay calm, to look for investments in quality companies with dividend-...

Frank Holmes, chief investment officer at U.S. Global Investors, says investors have plenty of reason to be optimistic right now, noting that the domestic and international economies are showing signs of strong demand, which should keep global markets rolling for the foreseeable future. There's more bullish praise for the market and its technical signals from Dan Zanger of ChartPattern.com, who  i...

Alan Gayle, president of Via nova Investment Management, said he expects the storm clouds of trade wars and interest rate pictures to clear as the calendar hits 2020. Coupled with improvement seen in the markets of Europe, China and emerging markets, he is optimistic about results for 2020, especially for international investments. Gayle's comments were a bit more hopeful -- especially about retur...

Karl Mills, president of Jurika, Mills and Kiefer, said that investors have to look beyond headlines, current events and present-day nervousness to stay focused on long-term goals, and should be considering long-term trends, needs and risk tolerance rather than today's news and the weekly market action when putting together an asset allocation. Also on the show, Nicholas Marshi, editor of the BDC...

Jeff Davis, chief investment officer at LMCG Investments, says that while investors have been frustrated by a decade of international investments lagging far behind the United States, he thinks giving up on international investing is a mistake, particularly now that investors are paying a premium on domestic stocks and can get relative bargains around the world. Also on the show, Tom Lydon of ETFT...

Bill Stone, chief investment officer, Avalon Investment and Advisory, said he believes investors have seen the worst of global economic numbers and that with better data ahead, plus strong investor sentiment and record amounts of cash on the sideline ready to be invested, there is a strong chance for another market rally in 2020. That said, he believes that the long lagging cycle for value stocks...

Patrick O'Hare, chief market strategist at Briefing.com, said that low rates have steered a market through a time of no-earnings growth and have the market poised to keep pushing forward despite headline risks over trade concerns, impeachment, the upcoming election and more. O'Hare said he expects 2020 to not be quite as good as 2019 -- in part because some good news has been pulled forward and pr...

Chuck is back from his weekend in Seattle with a bad head cold and some anger issues, especially after tuning into a program called 'Trading and Investing with Ryan and Larry,' and he shares some of the reasons why real investors should be able to ignore the ridiculous logic behind the sales pitch to become a trader. Also on the show, longtime business journalist Rob Wells discusses his new book o...

Rob Berger, author of 'Retire Before Mom and Dad' says that while investors want to make things complicated, maintaining a simple, straightforward portfolio, relying on the power of compounding and setting aside more money than average are the real keys to long-term financial success, noting that investors need to demystify the savings process and simply recognize the long-term value of money they...

Jim Welsh of Smart Portfolios said that with market sentiment on the rise and most observers thinking things are good, it's time to be guarded. Welsh said that the market's technicals look to him like a small rally to reach a market top before a 5 to 7 percent pullback that he does not think will scare investors. After that, he expects the market to recapture its highs, top out and then a correcti...

Andy Morse, senior partner at Morse, Towey and White Group in New York, says that while investors often want to leave politics out of their financial picture, it's actually earnings and public policy that drive the markets, and he gives reasons why that will drive the market -- especially as trade concerns are resolved -- even if his expectations remain modest. Also on the show, Chuck answers anot...

Nick Raich of The Earnings Scout returned to the Market Call to discuss his unique brand of stock analysis which focuses on earnings forecasts -- rather than past results -- looking for the best changes in earnings estimates, and he noted that while his models are starting to like developed international markets over the U.S., he still likes defensive sectors like health care, consumer staples, re...

Jae Yoon, chief investment officer at New York Life Investment Management, said that the issues of the current trade war are not going away and will slow economic activity until they are resolved, yet he noted that they are not killing the current economic cycle, which he thinks can run for 12 to 18 months or more. Yoon said he is beginning to look at reducing allocations ahead of a cycle whose en...

Craig Callahan, founder and president at the ICON Funds says that the domestic stock market -- despite being at or near record-high levels -- is actually 16 percent below its fair value, and he expects the market to gain more ground over the next year or so as it works to have stocks reach fair-value levels. Callahan adds that he believes the current bull market has a ways to go, potentially five...

It's part standard show, part roadshow today, as Chuck starts with Tom Lydon of ETFTrends.com with the 'ETF of the Week,' and Brent Schutte of Northwestern Mutual Wealth Management in the Big Interview before airing interviews taped at Wednesday's Active Investment Company Alliance Boot Camp and Conference in New York City, covering a wide range of closed-end investing topics with Bill Meyers of N...

Axel Merk, president and chief investment officer at the Merk Funds, says the market is telling investors that everything is fine, and that  he sees that being true, noting that investors should expect an upside surprise more than trouble over the next few months.  Also on the show, Jeff Ptak of Morningstar explains changes announced Tuesday to the firm's mutual fund analyst ratings, Steven Cress...

Kirshna Memani, vice chairman of investments at Invesco, says that the market is setting up for a good year in 2020 based on three key factors, namely the recent Fed rate cuts and the central bank's indication that it won't reverse course soon, the likely resolution of international trade issues, and a re-acceleration of global economic growth. If those events happen as expected, Memani -- who bel...