Veteran financial journalist Chuck Jaffe talks with the big thinkers, the power brokers and the market movers to keep you up to date on the market and the economy, with an eye toward where, how and why to invest. Plus personal finance content to cut through the clutter and improve your life.
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Elliott Wave's Gilburt sees' the market "in the final throes" of a bull market
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Avi Gilburt, founder of Elliott Wave Trader, says the market is in the final throes of a bull market that has been in place for nearly a century, noting that while there may be one more high or buying opportunity before things are exhausted, he sees the market turning in the next few months, noting that the Standard & Poor's 500 decisively breaking…
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PNC's Agati: Expect a solid market, but no 'sugar high' in '25
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Amanda Agati, chief investment officer at PNC Financial Services Group, says investors who are worried about the Federal Reserve not cutting interest rates as much as previously expected are missing the idea that it's a sign of a solid backdrop for economic growth. She notes that the market and investors "crave the sugar high from more policy accom…
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Baird's Stanek says slower rate cuts won't derail the markets
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Mary Ellen Stanek, chief investment officer at Baird Advisors — president of the Baird Funds — says that the need to slow interest rate cuts has been building for a while, but that it's a sign of a strong economy and it's good for bond investors, without taking all of the starch out of the stock market. She says this week's news from the Federal Re…
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U.S. Global's Holmes sees capital formation being unleashed, and pushing market higher
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Frank Holmes, chief investment officer at U.S. Global Investors, sees the market as being due for a big correction after an "amazing move" over the last two years, but he also sees the market beginning a new era of capital innovation and creativity that will help to push the market back to new heights over the next few years. He notes that artifici…
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NW Mutual's Schutte: Diversification isn't dead, and '25 will prove it
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Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Co., says that the current stock market reminds him of the late 1990s -- with a super strong dollar, a few stocks driving the market while the others are mediocre, where the American market and economy are exceptional and more -- but as economic seasons changed, it was…
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Cresset's Ablin: Valuations say 'Sell,' but momentum says 'Buy'
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Jack Ablin, chief investment officer at Cresset Capital Management, says that the market is about 25 percent overvalued, but the momentum of the market suggests that investors shouldn't worry about an immediate downturn. Ablin says that traditional value metrics show the overvaluation and says that lofty prices eventually meet up with momentum that…
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Minutes apart, experts hate and love on Robinhood stock
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Disagreement makes a market, and the market on Robinhood Markets was wide open on this show as David Trainer of New Constructs put the stock in The Danger Zone, but Tom Martin, senior portfolio manager at Globalt Investments, made the stock a "buy" during "Quick and Dirty" in the Money Life Market Call. Also on the show, Paula Fleming of the Better…
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Technical analyst Heyman sees no warning signs of a terrible market
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Despite headlines that have dominated the news stating concerns about the stock market and its ability to keep thriving under a new political administration, Mick Heyman, founder of Heyman Investment Counseling, doesn't see the warning signs of a terrible market. "Close your eyes, it's fear of heights, and just let the long-term trend continue on,"…
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CoreValues Alpha's Harburg: China is a great hedge against US market highs
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Ben Harburg, founder of CoreValues Alpha — manager of the firm's Greater China Growth ETF — says that consumers in China have over $21 trillion in household savings sitting on the shelf and that as that money starts to be spent, it will drive the Chinese market to a long recovery. That should be happening at a time when Chinese stocks "are near roc…
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Bond legend Fuss on the Fed's stuck landing, rate confusion and much more
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Dan Fuss, vice chairman at Loomis Sayles & Co. — one of the longest-tenured and most decorated bond fund managers in history — says that the Federal Reserve has done its job and managed to avoid most of the trouble that observers feared was coming. Moreover, it has positioned the economy and the bond market to keep humming along. Yet Fuss also sing…
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Navellier sees 'a lot to look forward to' as the market hums into 2025
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Louis Navellier, chief investment officer at Navellier & Associates, says investors "have a lot to look forward to," starting with a strong ending to the year and a big January effect, but he notes that conditions are right to keep the economy chugging along and pushing through the occasional stumble and correction. That said, he notes in The Big I…
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Principal's Kellenberger: Rates are the wild card for REITs now
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Todd Kellenberger, portfolio manager for public REITs at Principal Asset Management, expects that the Federal Reserve will make two to three interest rate cuts in 2025, but that the way rates move will be the real determinant in how the year plays out for real estate investors. Kellenberger says that the central bank's actions will be determined by…
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Regions' Thurber sees a 'solid, sound' economic backdrop driving markets through '25
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Brandon Thurber, chief market strategist at Regions Asset Management, says the market is looking strong for the next 12 to 18 months, provided it can avoid a big earnings shortfall. With high earnings expectations, he sees earnings pressure overhanging a market that is overbought but which still has pockets that represent good values. Thurber sees …
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Bank of America Merrill's Sanfilippo says a market rotation underway
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Lauren Sanfilippo, senior investment strategist for Bank of America Merrill and Private Bank, says that the market has reached highs on the backs of a few stocks, but that it is now rotating away from those popular trades. That will reward investors who stay balanced and diversified as the market broadens out next year, moving away from the Magnifi…
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ProShares' Hyman says 'rational exuberance' will keep driving the market
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Simeon Hyman, global investment strategist at ProShares, sees "rational exuberance" on today's market, noting that the stock market is a little bit expensive but not dramatically above long-term normal forward earnings numbers, and he notes that expectations are reasonable, a little high but reasonable. Further, he suggests that all-time low levels…
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IPOX's Schuster says the IPO market can stay hot into next year
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Josef Schuster, president of IPOX Schuster, says that the market for initial public offerings isn't just hot right now — it has outperformed the stock market this year, despite the market having gone up to record-high levels — but it is safer than it has been in years, with fewer issues going public and with much of the risk of default having been …
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Fund manager Smead says we're near the end of 'a financial euphoria episode'
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Bill Smead, manager of the Smead Value Fund, (SMVLX), says that the market has "all the pre-conditions for the [Standard and Poor's 500 to do very poorly," noting that current conditions are the "antithesis of 1980," when everyone got excited about Ronald Reagan took office at a time when stocks were cheap and inflation and interest rates are high.…
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