Quincy Krosby, chief global strategist at LPL Financial, says that the market is suggesting the possibility of a rate cut coming from the Federal Reserve by September, and that won't happen if conditions are fine. With a solid labor market and low unemployment, Krosby says the market is still range-bound and struggling to sort things out, but the futures market is signalling that trouble must be afoot. Also on the show, Jim Baker, co-head of energy infrastructure at Kayne Anderson Capital Advisors, talks about the strong opportunity in the sector over the next few years, despite recession concerns, and Wade Pfau returns to the show to discuss the new edition of his 'Retirement Planning Guidebook.'
Money Life with Chuck Jaffe