Joe Quinlan, head of CIO market strategy for Merrill Lynch and Bank of America Private Bank, says that global public spending on health care has been stagnant for the last two decades, and the pandemic has highlighted infrastructures and governments that were not prepared to protect their people and deal with a crisis. While Wall Street has largely ignored the issues, he says there is a clear link between countries that have sufficient health care to maintain hope and the markets with the best returns, which is why he suggests focusing on developed markets, including the United States. Also on the show, Chuck tackles an audience member's question on rebalancing, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how the pandemic is affecting long-term savings, and Peter Tuz of Chase Investment Counsel talks growth stocks int he Market Call.
Money Life with Chuck Jaffe