Money Life with Chuck Jaffe

Chuck Jaffe
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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

    Channel Capital's Roberts: Markets will stay happy with even a hint at rate cuts

    Doug Roberts, chief investment strategist at Channel Capital Research Institute and the author of "Follow the Fed to Investment Success," says that it doesn't matter much to the stock market when a rate cut happens, so long as investors can expect decline and believe the central bank will step in with one if employment numbers change significantly. Roberts says that the market wants to know that "the Fed has your back," and he expects new chairman Kevin Warsh to signal that, even if it is not accompanied immediately by rate cuts. Roberts also says that current conditions and the Fed's outlook should be leading investors to domestic stocks and particularly to small- and mid-cap names.  Vijay Marolia, chief investment officer at Regal Point Capital, discusses why the market liked Alphabet's earnings results last week but hated Meta Platform's numbers, and what that says about each company moving forward, discusses the disappointing crash landing of Spirit Airlines, and delves into the curious story of Jane Street Capital, the little-known Wall Street market maker that made headlines when it was revealed that its average compensation per employee last year was roughly $2.7 million, more than seven times higher than the average staffer at Goldman Sachs. As the latest earnings season starts to wind down, David Trainer, founder and president at New Constructs, says that companies with core earnings lower than their reported net income — a status that gets names kicked out of the Bloomberg New Constructs Core Earnings Leaders Index — are in the Danger Zone, largely because they are less profitable than Wall Street thinks they are. He singles out two companies, Boeing and Broadridge Financial Solutions, as examples of stocks where the true profitability is obscured. Plus, Lester Jones, chief economist for National Beer Wholesalers Association, discusses the latest Beer Purchasers' Index, where the April numbers suggest that a "beer recession" looks to be over, with purchases strongly on the rise in preparation for the summer season, a result that is somewhat surprising because economic conditions suggest that consumers may be cutting back on spending. He says shifting consumption patterns are boosting sales, but he also expects inflation impacts to be more muted than many observers expect.

    1h 1m

  2. 3D AGO

    Northwestern Mutual's Stucky on why earnings growth overcomes headline risks

    Matt Stucky, chief portfolio manager for equities at Northwestern Mutual Wealth Management, says in the Market Call that scary headlines over higher gas prices, inflation and war haven't created a significant headwind to overcome the solid earnings growth picture. Stucky adds that beyond the earnings results, the economy is benefitting from tax and tariff reductions that are helping to balance out the new concerns; he discusses how a broader growth picture is good for small and mid-cap stocks, why he thinks the financial-services sector was oversold and more. Jeff Corliss, managing director at HighTower Signature Wealth, discusses the behavioral traps and pitfalls that stop well-meaning investors with solid financial plans from achieving their real goals, noting that it's the details more than the markets that derails retirement savings before all of a plan's aims are met. John Cole Scott, president of CEF Advisors and the chairman of the Active Investment Company Alliance, recounts the legacy and the lasting investment legacy of Dr. Mark Mobius, widely considered the father of modern emerging-markets investing. Mobius, who passed away on April 15, was a contemporary and colleague of Sir John Templeton, and spent decades seeking out investments in the farthest reaches of the world; Scott looks at some of the wisdom collected in years of interviews done with George Cole Scott, the founder of The Closed-End Fund Letter.

    1h 3m

  3. 4D AGO

    Rayliant's Hsu on a resilient market that is 'separated from reality'

    Jason Hsu, chief investment officer at Rayliant Global Advisors, says that "thee's the real economy and there's what the S&P 500 and Nasdaq are measuring" and they're different, which is why it's "not crazy for the stock market to reflect something almost separated from reality." As a result, consumers can freak out at what they see at the gas pumps and grocery stores and concerns over war can be on everyone's mind at the same time the market is re-testing record highs. In a wide-ranging Big Interview, Hsu also discusses why the U.S. and China have backed away from trade-war tensions and how artificial intelligence may have a bigger impact on work forces in India and China than it does in the U.S. and more. In the Market Call, Nancy Prial, co-chief executive officer and senior portfolio manager at Essex Investment Management, discusses the current ongoing rally in small-cap growth stocks and why she expects smaller stocks to return to their historical path of delivering gains that are slightly better than brand-name stocks over time. Todd Rosenbluth, head of research at VettaFi, looks to a domestic dividend-driven fund for his ETF of the Week, noting that it's a defensive pick in part because "that's what has worked this year."

    1 hr

  4. 5D AGO

    Water Tower's Severson: The economy sees $75 oil 'as the new $60'

    Shawn Severson, chief executive officer and the head of market and thematic research at Water Tower Research, says that oil futures prices looking out into 2027 and reacting as if "$70 is the new $60," a sign that the market does not think any oil shock will be long-lasting. Meanwhile, he says that the economy's continuing strength is showing that it can absorb and tolerate higher inflation and other current headline risks without falling into a recession. As a result, he sees downturns while the market digests the uncomfortable news as if there's a "pig in the python" as buying opportunities. Jenny Harrington, chief executive officer and portfolio manager at Gilman Hill Asset Management says in the Market Call that artificial intelligence having sucked up so much attention and investment dollars has actually created "more excellent opportunities in the past year than I have had in a long time." Despite that, Harrington says it's a tough overall market to pick stocks because current events are distorting and disrupting markets and "I don't think we've even begun to feel what the reverberations and aftershocks may be from the closing of the Strait of Hormuz."  Stephen Kates, financial analyst at Bankrate.com, discusses the latest national housing affordability numbers that were released on Tuesday, and how cooling home prices offer modest relief to prospective buyers. He notes that with 30-year mortgage rates seemingly stuck at or above 6% nationally for a while, the market is not likely to feel much better even if affordability numbers keep showing moderate improvement.

    59 min

  5. 6D AGO

    BlackRock's Laipply on the 'generational opportunity' in fixed income

    Steve Laipply, global co-head of iShares Fixed Income ETFs for Blackrock, says that with fixed-income yields staying high and with evolving tools in new funds, investors have a generational opportunity to generate solid real returns and, more importantly, a solid income stream. BlackRock today released a new paper on current fixed-income opportunities, and Laipply discusses laddering bond ETFs with different maturities versus holding more general short-, intermediate and long-term funds, as well as the benefits of adding different types of fixed-income funds, including private credit and more. Russell Rhoads,  professor of financial management at Indiana University and co-host of Academic Market Insights, says in the "Talking Technicals" segment that he's "a beat-up bear," but he cautions that volatility remains elevated and that when the VIX volatility index is elevated when the stock market is going strong, "That usually doesn't end very well." He says that stocks are about six months into an over-valuation cycle, with the Cape Shiller PE Index hitting its highest levels in decades; "When it reaches a higher level like that," Rhoads says, "we have typically gotten a correction in the next year or two." Plus, Chuck — who wrote two different books on choosing and working with financial advisers — answers a question from a listener whose financial adviser is retiring, who now has to decide if they accept that adviser's recommended replacement, go with an adviser with whom there are family ties or starts over with someone new.

    1 hr

  6. APR 27

    How 'A.I. Economics' will impact almost everything

    While much of the focus on artificial intelligence has been on how it will improve productivity, economist Benjamin Shiller, author of "AI Economics: How Technology Transforms Jobs, Markets, Life and Our Culture," says that many impacts that are just starting to be seen will be at least as revolutionary. Shiller says, for example, tha expects an end or near end to pop-up ads and Internet advertising, expects books to be free and much more. He also discusses the continuing challenges of AI integration and whether investors have seen the true financial winners yet.  After a week in which Nvidia and Intel powered the stock market back to near record levels, Vijay Marolia, the chief investment officer at Regal Point Capital, discusses why the rally in one of those stocks feels temporary while the other can roll on. He also compares and contrasts those stocks with Apple and Netflix, suggests that investors should slice technology stocks into thin industry groups to get a better understanding of valuations and talk about his expectations for inflation, all in "The Week That Is."   Plus, Kyle Guske, investment analyst at New Constructs, puts a mid-cap fund that is off to a hot start this year into The Danger Zone, noting that it is loaded with unattractive stocks far beyond the level of a cheaper mid-cap index fund that projects to be a better long-term holding for the future. He discusses why a fund getting solid ratings from Morningstar could look so ugly to him.

    54 min

  7. APR 24

    StockTA's Steuer: Market's rally has it due for a pause, awaiting clarity

    Kevin Steuer, managing partner at StockTA, says the stock market's rally after the initial peace talks over the War in Iran got a bit ahead of itself, and he's now expecting the market to hover — without facing much downside pressure — awaiting more resolution and clarity. He's heavily in cash at this point — the most cash he has held by percentage since the Covid crisis — and is looking at defensive, inflation-oriented plays while he waits for a signal that the rally is back on. David Gutierrez, vice president at Liberty Street Advisors — which runs the Private Shares Fund — says that private markets are similar enough to public markets that one of the big sweet spots now is artificial intelligence, though he is focused mostly on A.I. infrastructure noting, for example, that the shift from copper-based to optical-based networking in servers is an investable trend that does not depend on how well the AI works but instead is based entirely on the demand for more technology support. He also discusses shifting trends in how long private companies are waiting before going public, and how geopolitics could be impacting private firms. Plus, Noland Langford, chief executive officer at Left Brain Capital Management, brings his strategy of buying proven winners while they are still on the rise back to the Money Life Market Call.

    1 hr

  8. APR 23

    Economist Silvia says 'there's no relief from interest rates'

    John Silvia, chief executive officer at Dynamic Economic Strategy, says he expects the Federal Reserve to keep interest rates steady, leaving mortgage rates stuck at 6%-plus and in an environment with the 10-year Treasury rising slightly. Silvia points out that the central bank is not going to be frantic about 3% inflation and reducing it to the 2% target level, but he says that investors and retirees will suffer from that higher inflation, creating more of a retirement-savings struggle. Courtney Werning, principal at Meyer Wilson Werning and the 2027 president-elect for the Public Investors Advocate Bar Association, discusses how and why smart consumers and investors get caught up in scams and how artificial intelligence has raised fraud risks, particularly for seniors. Todd Rosenbluth, head of research at VettaFi , turns to Japan for his ETF of the Week, suggesting that it might be worth a portfolio tilt for someone looking to add foreign exposure to a portfolio. In the process, he discusses whether investors looking that way want to hedge the currency risk or play it straight.

    56 min
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4.3
out of 5
121 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.

Information

  • Creator
    Chuck Jaffe
  • Years Active
    2012 - 2026
  • Episodes
    2K
  • Rating
    Clean
  • Copyright
    ℗ & © 2025 Money Life Radio, Inc.
  • Show Website
    Money Life with Chuck Jaffe

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