'Lex' Luthringhausen is betting the 'insanely bullish' market needs a breather

Money Life with Chuck Jaffe

Kevin "Lex" Luthringhausen, chief content officer at Tradier Hub, says he has been stubbornly short the stock market expecting a mild pullback that hasn't been coming because the market is "insanely bullish" right now, having pushed stocks, gold and cryptocurrency into record territory. While Luthringhausen is confident that there will be a consolidation, he does not expect "a massive sell-off" until after the presidential election, when he foresees a potential 10 percent correction; in the interim, he is expecting a solid year with slight pullbacks but near constant upward pressure. Dan Omstead, global head of health care investments at Abrdn, says in 'The NAVigator segment' that health care's recent rally from several years of struggle represents the start of a positive trend that has the ability to run from here. Steve Coughran, author of "Reframing Rich: Creating a Better Relationship with Your Money, Yourself, and Others" talks in the Book Interview about getting the right money mindset to achieve and accept financial success, and Clayton LiaBraaten discusses a Truecaller survey showing that one in five Americans was the victim of a telephone scam in 2023, a problem that cost U.S. consumers more $24.5 billion.