Money Life with Chuck Jaffe

John Bellows, portfolio manager for Western Asset Management, says that he believes the Federal Reserve is done hiking interest rates for 2019, and the market -- while not likely to continue its torrid first-quarter growth path -- is poised to avoid significant meltdowns this year. Unlike Will Nasgovitz --The Big Interview from Wednesday's show -- Bellows doesnot see corporate debt growing dangero...

Will Nasgovitz, chief executive at Heartland Advisors, said that he sees trouble ahead for companies carrying a lot of corporate debt, especially as the market cycle changes. Still, he is not expecting the long wave of stock buybacks -- which added to corporate debt in many cases -- to trigger some type of massive market sell-off. Also on the show, the gang from HighTower Advisors -- Ray Baraldi,...

Brad Lamensdorf of the Lamensdorf Market Timing Report said he expects to see some pain in the summer and fall as we did near the end of last year. He noted that the markets are up double-digits after one quarter, but that no one should expect that kind of quarterly performance to be repeated without big downdrafts to even things out. Also on the show, Chuck talks his recent foray to a free-dinner...

David Trainer of New Constructs put 'growth investors' in the Danger Zone, saying that the expected slowdown in earnings growth -- which he expects to become evident when first-quarter earnings are announced -- should send growth stocks for a tumble. He singled out United Technologies as an example of a company whose stock is likely to crater when the market realizes the growth outlook is less ros...

Dan Kemp, chief investment officer for Europe, the Middle East and Africa for Morningstar Investment Management, said investors should beware of vivid, attention-grabbing forecasts because the ingredients that get your attention are not necessarily the most valid when it comes to the market. He noted that boring forecasts about the future looking mostly like the past tend to be more accurate. Also...

Chris Larkin, senior vice president at E*Trade said in The Big Interview that while the market appears to be slowing and many experts are talking about the potential for a recession, the market looks like it can continue to push forward for a while. Just the same, he suggested that investors want to adjust their strategies to accept heightened volatility and slower growth. Also on the show, Tom Ly...

College professor and author Robin Feldman said that secret deals and strategies used by the drug industry has medicine costs rising even when they shouldn't be. The system, she explained, favors higher-cost drugs at the expense of more-affordable care. Also on the show, the gang from HighTower Advisors -- Jimmy Hausburg, Jeff Kelly and Ray Baraldi this week -- identify the emerging industries the...

Jeff Bishop of RagingBull.com and WeeklyMoneyMultiplier.com, said that he is looking to trade the downside and bet against the big gainers of the market's recent rally because he believes the market has topped out for a while. Bishop noted that he expects a choppy sideways market through much of earnings season, followed by a downward trend as earnings numbers reveal slow or declining growth. YAls...

Sam McBride, analyst at New Constructs, put TrueCar Inc. in the Danger Zone, noting that the stock had been there in 2017, and it lost roughly 60 percent of its value thereafter. That doensturn hasn't made the stock look better, McBride noted, and he made a strong case for hy the stock is still significantly overpriced. Also on the show, Thomas O'Shuaghnessey of Clever Real Estate discusses his fi...

Jim Welsh of Smart Portfolios said he expects the market to reach a near-term high -- propelled by a window-dressing rally as fund managers try to make their portfolios look like winners with moves at the end of the first quarter -- but that the optimism that comes with that move will also bring about the rally's end and lead to a modest pullback. After that, he believes the market's direction is...

Stan Haithcock, also known as 'Stan the Annuity Man,' said investors should be wary of sales pitches for indexed annuities, which are advertised nationally but regulated by states, leaving consumers hearing 'potential, hypothetical, theoretical back-tested, hopeful, non-guaranteed, agent-created return scenarios' about products likely to disappoint in the long run. Also on the show, Tom Lydon of E...

David Jilek, chief investment strategist at Gateway Investment Advisers, said that bonds may not be the best way for investors to reduce risk in the current market, given where we are in the interest-rate cycle. Also on the show, Jeff Kelly, Jimmy Hausberg and Ray Baraldi of HighTower Advisors discuss whether investors should have long-term bonds in their portfolios now, Jill Gonzalez of WalletHub...

Rich Guerrini, chief executive officer at PNC Investments, said that investors should recognize that they are nearing the end of a growth cycle -- though he does not expect that cycle to end until 2020 or later -- and that there is real risk behind current events, but he warned against being spooked out of the market when prospects the economy remain solid. Also on the show, Chuck answers an audie...

Terri Spath, chief investment officer at Sierra Investment Management said that the market has plenty of current opportunities, but investors will be better served being selective and picking specific securities rather than buying indexes, noting that the market tends to 'take the escalator up, but the elevator down' meaning there could be significant bumps in the road ahead. Also on the show, Leo...

John Waggoner, senior associate editor at Kiplinger's Personal Finance, discussed his research looking at how mutual funds performed during the market's late 2018 downturn and the snap-back rally in January and said that the market's 10-year-long rally gives investors few chances to see how a fund will perform in a downturn, making the recent experience relevant and important for investors worried...

Joe Davis, global chief economist at The Vanguard Group, said that despite significant headline risks, and slower rates of growth, the economy keeps chugging along and the stock market should mostly be moving forward with it. Davis said he entered the year with the Fed and interest rates as the top risk facing the market and he said much of that concern has been abated; trade issues -- his second-...

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for i...

Brian Beitner, portfolio manager of the Chautauqua International Growth Fund, said that trade wars with China have caused both sides to advance purchases in order to avoid tariffs, which could result in a purchasing slowdown soon, which could trigger a technical recession, not enough to result in massive layoffs but enough to send shock waves through the equity markets. Beitner said the case for i...

Giorgio Caputo, head of multi-asset strategies at J.O. Hambro Capital Management, said that the equity market is acting like the economy is strong and can keep rolling, while the bond market is nervous that trouble is mounting, leaving the Federal Reserve and its rate strategy as what may be the primary determinant of how the market goes for the rest of the year. Also on the show, Deborah Kearns o...

John Blank, chief equity strategist and chief economist at Zacks Investment Research said investors should expect surprise rallies and retracements, but the market isn't going to make a strong bull move until August or later. Also on the show, Jill Gonzalez of WalletHub.com discussed their recent survey on how many Americans expect to miss a credit-card payment this year, David Trainer of New Cons...

In a day filled with talk about the market, Axel Merk of the Merk Funds said the market is getting late in its current cycle and that it is likely to have a tougher tmie making gains going forward. He suggested that investors rebalance their portfolios to lock in gains and reposition themselves for the tougher sledding to come. Before that, however, Matt Harris of HighTower Wealth Management noted...

Fritz Folts, chief investment strategist at 3EDGE Asset Management said that while domestic markets look like they can continue to run, valuations are stretched, making emerging markets and gold much more appealing right now. Folts noted that he is completely avoiding Europe and Japan right now and noted that economic and market conditions going forward will depend on the skill of the Federal Rese...

Krishna Memani, chief investment officer at OppenheimerFunds, said that the global economy and global growth are softening, but the policy framework is holding strong, allowing the markets to move forward and stay positive for the long-term. Memani said he believes the Fed is done with rate hikes for the year, and noted that the recent rally may have been overdone, meaning that stocks could tread...

 Dan Zanger, chief technical analyst at ChartPattern.com said that the market is likely to chop sideways -- stuck between the 2,650 support and 2,810 resistance levels on the Standard and Poor's 500 -- until we see the direction of the next quarter's earnings releases, which start coming out in mid- to late April. Also on the show, Jill Gonzalez of WalletHub.com discussed the top hedge-fund stocks...

After watching Warren Buffett apologize for taking a $20 billion write-down for Berkshire Hathaway's investment ni Kraft Heinz, David Trainer of New Constructs said the problem highlights trouble ahead for value investors, who he says have been looking at the wrong metrics and following the pack, which has them headed for trouble. Also on the show, Brandon Thurber of Regions Asset Management said...