Money Life with Chuck Jaffe

Jeff Davis , chief investment officer at LMCG Investments said he expects a potential 'revaluing' of the market, noting that it's a good time to lock in gains, rebalance and get defensive as he expects some short-term pain ahead, with a correction of 20 percent or slightly more likely to happen over the next year. Also on the show, David Hartness and Jake Falcon of HighTower Advisors discuss how t...

Jason Thomas, chief economist at AssetMark, said that optimistic investors need to recognize that there is always a reasonable scenario that could result in bumpy markets, but that they need to ignore the noise and look through it to be able to capture long-term trends. 'If you can't get comfortable investing in this environment,' Thomas said, 'it's going to be difficult to be successful over time...

Hope Manion of Fidelity Investments joined Chuck to discuss the firm's recent research showing that couples will spend, on average, $285,000 on health-care protection in retirement, and discussed how that large burden will only be met by people who understand and plan for the real cost of medical coverage for seniors. Also, Peter Lipsett of DonorsTrust discussed how charitable giving defied expect...

Two different experts talking technical analysis agreed that the inability of the Standard and Poor's Index to reach new highs has made them cautious now, in a slightly defensive posture waiting to see the market's next move. John Kosar of Asbury Research said that most technical measures are strong, but he wants to see the market confirm its strength by reaching new highs, while Michael Sincere -...

Rod Griffin of Experian explained the company's new Boost program, a free method for adding recurring bill payments for mortgages, utility bills and more to credit files, allowing them to be factored into credit scores. Griffin explained that while the service is designed to help consumers with thin credit files, even people with solid scores should consider signing up. Also on the show, Tom Lydon...

Ron Kaliebe, portfolio manager for the Mairs and Power Balanced Fund, said that the current interest rate environment globally is not normal, and that Corporate America has taken advantage of low rates and leveraged up, a strategy that could create trouble down the line, but not until or unless America gets caught in a global economic slowdown, which he does not foresee happening in the near futur...

Chuck celebrates the 7th anniversary of Money Life by talking with a new guest, Leigh Goehring of Goehring and Rozencwajg Associates, who says the commodities market is at the very bottom of the cycle, talking markets with return guest Talley Leger of OppenheimerFunds, who makes a case for investing in emerging markets, and for believing that the Federal Reserve is done raising rates for this year...

Ted Rossman of BankRate.com said that the millions of Americans who have little saved for retirement or emergencies also can't afford a summer vacation, citing new research showing that 39 million Americans simply can't afford a trip this summer. Rossman noted that more than one third of all workers will not just pass on the summer trip, but will fail to use their full vacation time this year. Als...

Joe Quinlan, chief market strategist for U.S. Trust, said that while the European Union has significant troubles, investors should not ignore it from either a political or an investment standpoint, noting that it is a place to find relative values right now, as well as a place that could trigger other issues with world markets. Also on the show, Ken Berman of Gorilla Trades said that the market's...

David Dali, portfolio strategist at Matthews Asia, said that while the domestic stock market has gotten the attention for the strong rebound it had to start the year, emerging markets have been strong and have a solid economic underpinning to make them a good diversifier to U.S. markets that may be nearing the end of their long rally. Also on the show, Tom Lydon of ETFTrends.com puts a specialty f...

Scott Opsal, director of research at Leuthold Weeden Capital Management, said that his firm's measure of the market and its potential direction is, for the first time, dead neutral and not leaning in any way, but he noted that 'It's a good period for the business world' and there's not much out there that would bring the market down for any significant length of time. Thus, despite having no inkli...

Toni Turner of Trendstar said the market has been sideways and low on volumes as it waits for second-quarter results from the biggest names in stocks. But with the FANG stocks set to report this week, she thinks the market is due for a big move that should carry it to new highs, she warned that the Russell 2000 is not confirming the signals of other indexes which could keep the benchmarks range-bo...

David Trainer, president of New Constructs, put the Uber initial public offering in the 'Danger Zone,' calling the new offering a scam and saying that the company's growth projections are fictitious. He noted that Uber's projections would have it capturing 15 percent of all global economic activity,while the company is 'losing absurd amounts of money ... without any path to profitability.' Also on...

Danielle Shay, director of options at SimplerTrading.com, said the market is in 'Hurry up and wait mode' over next week's release of earnings for the FANG stocks plus Microsoft, noting that she expects the flat market to break out once those big names release their numbers. That breakout could lead to new highs, but Shay said she expects the market to settle and re-test lows before really moving o...

Tom Lydon of ETFTrends.com made the ProShares Pet Care ETF ($PAWZ) his ETF of the Week, noting that the new, specialty niche fund is tapping into a growth industry that should be unaffected by the market and the economy. He did recommend using a trend-following strategy with the fnud. Also on the show, Harvard University professor Mihir Desai discussed how finances work, Paula Fleming of the Bette...

Tom Lydon of ETFTrends.com made the ProShares Pet Care ETF ($PAWZ) his ETF of the Week, noting that the new, specialty niche fund is tapping into a growth industry that should be unaffected by the market and the economy. He did recommend using a trend-following strategy with the fnud. Also on the show, Harvard University professor Mihir Desai discussed how finances work, Paula Fleming of the Bette...

Jonathan Clements, editor of HumbleDollar.com, talked about the lessons he has learned from the five market crashes he has lived through, most notably the 30-year crash in Japan that forever changed how he invests so that no matter what the next big downturn looks like, he is prepared to get through it. Also on the show, Ruth Gretz and Peter Lang of HighTower Advisors discuss the importance of cor...

Bill Stone, chiefinvestment officer at Avalon Advisors in Houston, said that the frothy sentiment visible on the market now makes a decline seem likely in the near term, but noted that there is plenty of reason for longer-term optimism, including that earnings globally will begin to pick up. Also on the show, author Hugo Munier discusses his months spent as a WalMart employee, Amanda Dixon of Bank...

David Trainer of New Constructs warned in the Danger Zone segment that investors who rely on enterprise value-to-EBITDA as a measure of how cheap a stock is can be easily mislead, and he used ADT Corp. as an example, showing how the stock looks cheap but is actually overpriced. He also showed that Kilberly Clark had the opposite situation, with ratios suggesting it was overpriced but underlying fu...

Chris Maxey, director of research at Bronfman Rothschild, said that everything on the stock market looks to have moved back toward average, to where the market is neither over- nor under-valued, making it a good time for investors to rebalance portfolios back to target allocations, and to temper their expectations until it shows more strength or weakness later this year. Also on the show, Chris Ho...

Brian Frank, manager of the Frank Value Fund, said in the Market Call that the market decline of last year barely registered on stock valuations -- it only moved one security to where he would buy it using his absolute-value methodology -- and that the pricing and profits picture will have to change before there's real value for sale in the market. Frank's fund -- which topped the performance char...

Lou Harvey, president of Dalbar Inc. discussed his firm's latest survey showing that the moves investors make ultimately put them behind the market and the funds they own, noting that the problem was particularly acute in 2018 when a market downturn shaved more than 4 percent off the Standard and Poor's 500 but took more than twice that amount out of the portfolio of the average investor who made...

Jeffrey Hirsch, editor of the Stock Trader's Almanac, said he is bullish for the remainder of 2019, despite believing the market is due for a brief correction. With no major downturn in the offing this year, Hirsch said he would wait through the downturn he sees coming late in the third quarter and to expect a fourth-quarter rally. While he expects that late ounce to be a buying opportunity, Hirsc...

Tom McInyre, president of McIntyre, Freedman and Flynn, said in the Market Call that the market is set up for a mixed bag of results in the just-started earnings season, an environment that she thinks will create the chance for opportunistic buying, especially in the energy sector. Also on the show, Chuck talks financial literacy and education with Brian Portnoy of Magnetar Capital, Sam McBride of...

William Delwiche, investment strategist at Baird, said that technical analysis shows slowing action and suffering small-cap stocks even as the market itself nears new highs. He said if the market can't break through to new highs and confirm the bull market, it would raise a red flag that he expects would lead to a temporary setback. Also on the show, Ben Phillips of EventShares discusses investing...