Money Life with Chuck Jaffe

Chuck Jaffe

Money Life with Chuck Jaffe is leading the way in business and financial radio. The Money Life Podcast is a daily personal finance talk show, Monday through Friday sorting through the financial clutter every day to bring you the information you need to lead the MoneyLife.

  1. 7h ago ·  Bonus

    You Might Also Like: The Ben Shapiro Show

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  2. 1d ago

    Sage Advisory's Williams: Adjust your risk, but don't leave the party now

    Rob Williams, chief investment strategist at Sage Advisory Services, says that investors are seeing cracks in this seemingly unbreakable market trend, noting that the capital expenditures trends that have been driving the market can't continue forever, but notes that "it's hard to leave the party when the party could go on for another year or two," so he is calling for more sensibly tackling risk rather than trying to beat a downturn by doing a full portfolio overhaul. Williams notes that conditions are suggesting there will be more volatility and sideways bumpt action, but says "it's hard to fight a market where you're pumping close to a trillion dollars in [capital expenditures] into the system and it's trickling across the economy and you have double-digit earnings," so the rally can continue even if it gets more volatility and returns become more muted. Lawrence McMillan, president of McMillan Analysis, talks technical analysis and says the number to be watching for is 7,600 on the Standard & Poor's 500, which is both support and the high prior to the latest run-up. Typically, McMillan says, market volatility picks up with the arrival of the fall, and he says if that happens and the market drops below 7,600, it could lead "to a full-blown correction of at least 10 percent or so." But lacking that pick-up in volume and volatility, he sees any decline as a garden-variety buying opportunity. Macmillan also notes that from a technical standpoint, the market's charts are not reminding him of bubbles and problematic times of the past, but he adds that "When people are talking about the bubble, it's probably not going to happen." Plus, Chuck talks with David Cowen, president and chief executive officer of the Museum of American Finance — the nation's only independent museum dedicated to preserving, exhibiting and teaching American finance and financial history — which opened in Boston at the start of July, and which Chuck toured recently. Cowen discusses more than the museum, its mission and how they have made a museum that won't bore all of the people who have no interest in money, to discuss how so much of the financial history of America remains relevant today, even in the face of a $40 trillion national debt.

  3. 2d ago

    Louie Navellier on the U.S. 'still winning' despite the nervous headlines

    Veteran Wall Street analyst and money manager Louie Navellier, president of Navellier & Associates, has been saying since the outbreak of war in the Middle East that the domestic stock market and the energy industry would be big winners from the situation, and he says those conditions have played out and will continue for the foreseeable future. While Navellier acknowledges investor concerns over the levels of Treasury-bond yields, the national debt and more, he does not think they are enough to do more than slow an economy that is in the middle of its latest industrial revolution, so while he is not ignoring the worries, he suggests investors not be too consumed by them.  In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, also weighs in on high yields and the record debt level, but notes that the market and the economy has dealt with and powered through those problems in the past, particularly during times of economic expansion. He looks ahead to Nvidia, whose Wednesday earnings report will dominate markets this week, and examines how hedges funds and institutional investors will soon be able to use prediction markets to generate investment returns, and why this is more an evolution of how things are traded than it is some embrace of gambling. Plus, Kyle Guske, investment analyst at New Constructs revisits SNAP, a stock which has lost roughly 80 percent of its value since it was first put into "The Danger Zone" a few years ago, but which he says has real potential to go the rest of the way to zero based on its business prospects, cash burn and more.

  4. 5d ago

    Long-short manager Lamensdorf says the market is overdue for a correction

    Brad Lamensdorf, manager of the Ranger Equity Bear ETF and Alpha Alts — a new long-short hedge fund set to open soon — says he thinks the market is due for a bear market, and the indicators are starting to show signs of stress, setting it up to get knocked down. He worries the trigger might be what's happening in the bond market, where higher rates are going to slow the economy, triggering a correction  or worse. Lamendorf says that over the next few years, "there will be a very large layer of stocks that don't do well ... struggling under this environment and valuation." While Lamensdorf focuses mostly on the equity markets' reaction to Treasury rates hitting their highest level this week in nearly 20 years, John Cole Scott, president of CEF Advisors weighs in on what it means for income-oriented investors, particularly in closed-end funds. He says the Treasury situation — including the U.S. Treasury announcing it would double its buy-back capacity — currently calls for portfolio tilts and mild changes, but notes he will be watching for bigger buying opportunities. Ryan Jacob, chief investment officer of the Jacob Funds, discusses technology stocks in the Market Call. Jacob, who was the manager of the first pure-play Internet fund during the late 1990s, also compares the artificial-intelligence revolution to the Internet situation, sizing up the similarities and whether the current bull market has to come to a similarly ugly end.

  5. 6d ago

    Baird's Diederich: High yields give investors ballast amid A.I. revolution

    Gabe Diederich, portfolio manager on the municipal income team at Baird, says that yields are back near the upper end of their recent ranges, "capturing the imagination of investors" searching for income at a time when the stock market is making them nervous. Diederich discusses how artificial-intelligence is impacting bond markets, between municipalities financing infrastructure products or corporations issuing debt to pay for A.I.-related capital expenditures, and discusses strategies for using — or trying to eliminate — bonds as an A.I.-adjacent play, but how investors with huge expectations for artificial intelligence need to have more realistic hopes, based more around consistent returns, when it comes to bond tied to artificial intelligence. A week after making an actively managed fund filled with blue-chip growth stocks his "ETF of the Week," Todd Rosenbluth, head of research at VettaFi, circles back to large caps but this time selects an index-based large-cap value-oriented fund. It's a contrast in styles and management techniques that also digs into portfolio construction and the way the funds should be used by investors. In the Market Call, Erk Aydogan, co-founder of Traidechart — an app that uses artificial intelligence to examine stock prospects over different investment time frames — talks about the approach, which is designed to use computing power to determine confidence in a stock's direction and ability to deliver to investor expectations.

  6. Aug 18

    Seafarer's Foster: For emerging markets A.I. stocks, this is a bubble

    Andrew Foster, founder and co-chief investment officer at Seafarer Capital Partners, says he thinks "a bubble has formed amongst certain artificial intelligence stocks, particularly some of those that were propelling Korea higher," but despite that emerging markets are coming out of a lost decade and the "picture in the emerging markets [outside of the inflating bubble] is quite broad-based and good." Fostesays investors should be looking to emerging markets to get non-dollar exposure and diversification, but also for growth that will accelerate over 60 percent in the next year, and while much of the growth is driven by the tech sector — where he worries about the bubble — the growth rate excluding technology is over 20 percent, which should generate strong returns moving forward, even as the building bubble deflates. Dawn Wotapka, former director of strategic communications and media relations at Honeywell, talks about what it's like to lose a job in an economy that is near full employment but artificial intelligence is making the employment picture murkier. Wotapka, a former Wall Street Journal reporter, recently wrote a piece on LinkedIn on going through a job loss that's been longer than expected from when the layoffs were announced, and how she has made it that her story was not the classic "It's a depression when you lose your job" tale. Plus, Chuck responds to a listener's question about a recent interview that suggested that investors have no reason to hold bonds, and how his own opinion differs from the expert who was on the show, but not by as much as the long-time listener who wrote the question might think.

  7. Aug 17

    Alger's Neuman" Profit growth has outpaced stock prices, creating a 'positive setup'

    Brad Neuman, director of market strategy at Alger,  says the market is wrapping up "one of the strongest earnings seasons in history," which has created "incredible metrics" creating the impression that the market has gotten overvalued while he thinks that stocks haven't been able to keep up with earnings, which actually makes current valuations more attractive even as the market flirts with record highs. Neuman says he is not particularly worried about inflation, because he thinks A.I.-driven productivity gains will offset higher prices, but he notes that with artificial intelligence being "as significant to the human race as fire or electricity" there is the potential for a bubble, but he doesn't see that happening until 2028 at the earliest. David Trainer, president at New Constructs, calls out trouble in stocks he labels as "five-alarm cash fires," companies that are burning so much cash to keep pace in the artificial-intelligence race that — without an influx of capital — they will soon run out of cash and be forced to dilute investors' holdings to get more. He says the problem is that big-name stocks like Oracle and Amazon.com are now priced as if they will be winners in the A.I. arms race, and they are spending as if they have won the competition, when he considers it very unclear as to just who will be the ultimate victors in the A.I. revolution. In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, discusses the upcoming earnings reports for WalMart and Target, which he expects to be a better measure of ongoing consumer confidence than any survey results, showing that consumers have not curtailed spending despite inflation concerns. He also discusses Goldman Sachs' big move into the ETF space, and how he feels about the national debt for the United States hitting $40 trillion — a mark it is expected to reach by the end of the month — and whether it impacts his view on government bonds.

4.3
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124 Ratings

About

Money Life with Chuck Jaffe is leading the way in business and financial radio. The Money Life Podcast is a daily personal finance talk show, Monday through Friday sorting through the financial clutter every day to bring you the information you need to lead the MoneyLife.

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