Money Life with Chuck Jaffe

Dan Zanger of ChartPattern.com said the Standard and Poor's 500 seems headed down to about 2,700 now as it pushes through what he called an 'ABC pattern' that started recently, has gone through the first two steps and is awaiting the third move, which traditionally will be down. Zanegr right now is only 10 percent invested in the market, and he warns that while the market has been in a range, the...

Joel Greenblatt of Gotham Asset Management -- arguably the leading light along with Warren Buffett when it comes to value investing -- said that reports that value investing has stopped working are exaggerated and wrong, so long as you have the right definition of value investing. Most investors don't. Yann Cornil of the University of British Columbia talked about something else investors don't do...

Peter Vanderlee of ClearBridge Investments said that between low payout ratios and reasonable rates of growth, investors in dividend-paying stocks should have a positive outlook as they play defense against the slowing economic and market conditions likely to be in place over the next few years. Vanderlee noted that while there has been a flight to safety among investors, they have not bid up divi...

Justin Hance, director of research for the Oakmark Funds, said that valuations in Europe remain attractive despite slower economic activity and perceived problems there, noting that on a stock-by-stock basis, investors are able to find quality businesses at reasonable prices more easily than in other markets around the globe. Also on the show, Megan Greene of the National Association for Business...

Brandon Nelson, senior portfolio manager at Calamos Investments, said small-cap stocks are the cheapest they've been in many, many years relative to large-caps, noting that investors could win playing them on different levels, as an asset class in general but also making bets on individual securities. He favors technology, health care and consumer-discretionary stocks while mostly avoiding industr...

John Kosar, chief market strategist at Asbury Research, said that while the market is stuck between a major support level of roughly 2,800 and resistance at 2,950 on the Standard and Poor's 500, it remains in a bullish trend, which he expects to resume after economic cross-currents like trade wars, the inverted yield curve and slowing global growth are worked out. Also on the show, Tadas Viskanta...

A day after the stock market suffered its worst loss of the year and the Dow Jones Industrial Average fell by 800 points, Chuck hosts Chris Zaccarelli of Independent Advisors Alliance and David Goerz of Strategic Frontier Management for two extended Big Interview sessions. While the pair disagreed on how and whether to use the current decline as a buying opportunity -- with Zaccarelli saying he wi...

Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, said that with large-cap stocks near fair value, he doesn't think there is much room for stocks to run over the rest of the year, though he does think they will finish the 2019 up from current levels. With that in mind, Wren suggested that investor play the range-bound market, buying when the Standard and Poor's 5...

Rusty Vanneman, president at CLS Investments, said that despite an outlook for heightened volatility, the stock market looks poised for a 'nice move into year end,' and he warned nervous investors that heading to the sidelines means missing out on the fun. Vanneman noted that while investors are right to be concerned about trade and tariff wars, those situations typically end with a positive resol...

David Trainer, president of New Constructs, put Netflix stock back in the Danger Zone, noting that the company has overcome troubling analysis that has called for a big decline for a long time, but he said that the stock's underlying circumstances have grown worse as it the share price has defied gravity, and he expects a crash to Earth soon, spurred in part by heightened competition and worrisome...

Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more difficult. He expects to see a recession start before the year is up, and has had clients go 10 percent lighter than norm...

Gary Bradshaw of the Hodges Fund discusses how the changing interest-rate environment and growing nervousness about the stock market is making blue-chip, dividend-paying stocks like Verizon and Coca-Cola ideal defensive positions, providing safe, rising yields at times when income is harder to generate. Also on the show, Tom Lydon of ETFTrends.com makes a high-yielding municipal-bond fund his 'ETF...

With volatility returning to the market and many investors expecting a downturn, Tim Clift, chief investment strategist at Envestnet, said investors should look to rebalance portfolios to protect gains, be opportunistic buyers on dips but to mostly expect the market's volatility to amount to a flat ride through to the end of the year. That would leave 2019 as a double-digit gainer, he noted, so wh...

In a wide-ranging show, Chuck discusses the world of meat substitutes and the investment potential of the developing market with Arun Daniel, senior fund manager at J.O. Hambro, and he talks about the the potential to make serious money -- and which demographic is doing it -- from the side-gig economy with Kathy Kristof, founder of SideHusl.com. Also on the show, author Chris Dumont talks about ho...

Wall Street veteran Bob Doll, chief equity strategist at Nuveen Asset Management, said that ths strength of the American consumer means that the economy can hold off a recession until 2021, but he noted that he expects choppy and frustrating markets without recession, and said he worries abut the yield curve if the Federal Reserve has to cut three times and can't make the curve much steeper. Doll...

Fritz Folts, chief investment strategist at 3Edge Asset management, said the domestic stock market is as overvalued now as it was before the Internet bubble burst in the late 1990s, which is why he has turned defensive in his investment strategy, going near minimum levels on equity allocations and underweight the US in equities -- with his bond allocations heavy on Treasuries but shying away from...

Alan McKnight, chief investment officer at Regions Asset Management, said that the economic data shows a slowing economy that needs to respond from Wednesday's Federal Reserve rate cut by showing signs of revenue growth in order for the market rally to continue. Despite danger signs he sees in the market, McKnight noted that America remains the best place to invest, with emerging markets also look...

Michael Gayed of the Lead-Lag Report said that the market's reaction to today's anticipated Federal Reserve rate cut could show how long the bull market can continue. He noted that if the Fed steps in but there is no steepening of the yield curve, it's a problem because central-bank actions -- both domestically and abroad -- are not going to normalize long-term bond yields. That's a sign that the...

Joseph Brusuelas, chief economist at RSM, said that the domestic economy is far from falling into a recession, but he noted that the manufacturing sector in the U.S. is nearing a recession and manufacturing globally is already there. 'It seems silly to me,' Bruselas said, 'to think that what is happening in the global economy won't happen in the United States,' which is why expects extended Fed ra...

Brian Levitt, global market strategist for Invesco, said that investors need to overcome their fears to stay invested as the market continues to climb the proverbial wall of worry to new heights. Levitt noted the cycles 'end the same way, with the federal Reserve killing them with interest rate hikes.' With the Fed about to cut rates, Levitt noted that the current cycle could go on 'a lot longer t...

Chuck chats with Jim Garnett of the Institute of Consumer Financial Education about the biggest money mistakes ordinary consumer routinely make, covering credit, savings and other issues. Also on the show, Les Masterson, managing editor of Insurance.com discusses how consumers could save money -- or see insurance premiums rise -- based on some common and also some unusual behaviors, and David Blan...

Kathy Bostjancic, chief US financial economist, for Oxford Economics USA, said 'It's an unusual and tenuous time for all central banks,' as they look to cut interest rates at a time when there is not much room for cutting and there is still economic growth. Bostjancic expects the Federal Reserve to cut rates three times by January, and still sees plenty of strength in the economy, which she believ...

Laura Geritz, founder and president at Rondure Global Advisors, said the market and the economy are acting in unusual ways, noting that the disconnect between growth and value is oversized, citing concerns about the actions of central banks in lowering rates even as economic activity seems to be growing and more, but she noted that the market is likely to continue pushing higher because investors...

Brad McMillan, chief investment officer at Commonwealth Financial Network, said that while there is the potential for the market to slow down and a recession to happen, the trouble signs he expects to see before those issues have not come up yet, noting that consumer confidence and job growth both remain strong. Also on the show, Thomas Winmill of the Midas Fund said that foreign central-bank purc...

Paul Eitelman, senior multi-asset investment strategist at Russell Investments, said that investors should gravitate towards value stocks while holding tight to their growth names because the market is at an intriguing point, one where the economy is slowing and CEOs have stopped investing but where there is no meltdown because Federal Reserve and Chinese policymakers are injecting stimulus into t...