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.
iCapital's Amoroso: The market has adjusted to bad fundamentals
Anastasia Amoroso, chief investment strategist at iCapital, says that while the market and economic fundamentals look pretty bad, those problems have been so obvious for so long that the market has adjusted to where it is now letting slight improvements in the data lead it higher. As a result, even if the numbers show just slight improvement, the market can react positively, which should make it that both the economy and market look much better late in 2023. Amoroso is concerned that the technicals overreacted to a good January, which could lead to short-term volatility or downturn, although she generally finds technicals showing a longer-term positive trend. In the ETF of the Week segment, Tom Lydon, vice chairman at VettaFi, revisits his pick from last week -- the classic Standard and Poor's 500 fund that started the exchange-traded fund business -- with a twist, making an equal-weight index fund his selection. And in the Market Call, Lauren Hill, portfolio manager and research analyst at Westwood Investment Management discusses large-cap and consumer-discretionary stocks.
Rozencwajg says energy's in a sweet spot with good fundamentals, cheap prices
Contrarian-minded commodities expert Adam Rozencwajg, co-manager of the Goehring and Rozencwajg Resources fund says the energy market 'has a really unique setup' where prices have risen but money and investment has not flowed to the business, which is likely to extend the positive edge and duration of the current energy cycle. Rozencwajg says tight energy supplies will continue, having bullish implications for the whole sector until investors start pushing money into the sector. Also on the show, Jenna Lemair of Insuranks.com discusses the petflation and the site's survey on how animals and pet owners have not been immune from rising prices for food and medical care, Chuck answers a listener's question about tax-loss harvesting in the new year, and Sandy Villere, co-manager of the Villere Balanced and Villere Equity funds, talks stocks in the Market Call.
Nigam Arora: Technicals are turning bullish 'but you have to be bearish'
Nigam Arora, editor of The Arora Report says that there's a disconnect between the messages being sent by market and economic fundamentals and technicals, with the technical indicators turning bullish despite longer-term economic data sending bearish signs. As a result, Arora says investors should expect significant volatility and should put more money into the short-term technicals to take advantage of the back-and-forth even as they become more conservative in their long-term investments. Michele Schneider, director of trading education and research at MarketGauge.com, echoed Arora's take on improving technicals, noting that until something changes in those indicators, 'We rally to resistance.' Also on the show, Mark Hamrick, senior economic analyst at Bankrate.com, discusses the site's research into the record percentage of Americans who say they can't afford to pay a $1,000 emergency bill without going into debt. In the Market Call, Ryan Jacob, chief investment officer at the Jacob Funds talks about early-stage, high-growth investing in technology and small-cap stocks.
The 'January trifecta' has Jeffrey Hirsch expecting '23 to be a big winner
Jeffrey Hirsch, editor of the Stock Trader's Almanac, says the market is likely to close the month having achieved the 'January trifecta,' which is a Santa Claus rally (over the last five trading days of the old year and first two of the new), plus a positive January barometer -- where January's results set a trend for the year -- and then the 'first five days early warning system,' which holds that if the first five trading days of the year are up the full year's results have been positive more than 80 percent of the time. With two of those three indicators set and the third likely to be confirmed when the month ends tomorrow, Hirsch notes that his firm has upped its 2023 outlook to a 'best case scenario' for above-average pre-election year gains of 15 to 20 percent. If there's a surprise, Hirsch says, it is that the projection would be too low. Also on the show, Christian Mitchell discusses the latest results from Northwestern Mutual's 2022 'Planning and Progress Study,' which shows that Generation Z has big hopes for retiring younger than its older cohorts, a notion that will be tough to pull off; David Trainer of New Constructs puts Opendoor in the Danger Zone, noting that its a zombie stock that could run out of money before the end of the summer, and author Mark Miller chats about his latest book, Retirement Reboot, and how savings strapped pre-retirees can regain control of their financial future.
Vineyard's Samuelson: Technical indicators are 'on the cusp of a new bull market'
Tom Samuelson, chief investment officer at Vineyard Global Advisors, says that while the headlines and fundamentals are making investors nervous, there has been a shift to the positive in technical market measures, which he believes are starting to show signs of a market bottom and turn that has him bullish on the potential for a good year. Samuelson lays out a number of different technical reasons for optimism and says they turned quickly in the fall and early winter noting, for example, that 81 percent of global indices are now above their 200-day, long-term trend -- versus only 10 percent in October -- which shows that this 'has a lot of the underpinnings of the cusp of a new bull market.' In The Big Interview, Scott Lynn, founder and chief executive at Masterworks -- which created a marketplace for shares in works of art -- discusses the fine-art market, how it weathered the storm of the market's downturn in 2022 and why investors might turn to it for diversification now. Plus, Eric Purington of the abrdn Global Infrastructure Income Fund says in The NAVigator segment that private infrastructure investments -- and particularly middle-market opportunities, which have been being snapped up by larger operators -- offer a path to stability, diversification and enhanced returns now. And in the Market Call, hedge-fund manager Mina Tadrus, chief executive at Tadrus Capital discusses quantitative, risk-measured investing in exchange-traded funds.
Rayliant's Wool: China will have a better year in '23 than the U.S.
Phillip Wool, head of research for Rayliant Global Advisors, says that investors who expect the U.S. economy to weaken or to suffer the effects of inflation for longer will find that emerging markets are more compelling than domestic markets in 2023, and he finds China particularly interesting as it pivots to a growth stance coming out of a Covid lockdown and reversing insular policies of the last few years. In a wide ranging Big Interview segment, Wool talks about how he is worried that private investments -- both equity and credit -- are headed for liquidity problems that could hamstring investors who are not expecting the whipsaw that comes when hard-to-value securities must be sold into a down market to meet redemption demand. Also on the show, Tom Lydon of VettaFi celebrates 'the granddaddy' of exchange-traded funds with his ETF of the Week, Sarah Foster of Bankrate.com discusses the site's annual survey of checking-account fees, and Jim Cullen, chief executive officer at Schaefer Cullen Capital Management -- appearing in the Market Call for the first time -- talks small cap stocks and long-term value investing.
My favorite financial podcast. I don’t miss an episode.
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You are a fraud. Index funds. End of story. Early retired in Costa Rica. Go away
Love the coverage of current events
I love how this show keeps us up to date on current financial events. -Ashley The Money Mindset Podcast