Money Life with Chuck Jaffe

Andrew Foster, manager of the Seafarer Overseas Growth and Income Fund, says the best bargains in emerging markets are in the countries that are still mired in coronavirus troubles, and he expects normalization to happen until at least 2022, with 'tough sledding' keeping markets there depressed in the interim, creating potential investment bargains. Also ont eh show, Jim Welsh of Smart Portfolios says he expects inflation to reach 3.5 percent by the summer and in that time also thinks the Standard and Poor's 500 to drop down to roughly 3,500 before bouncing back and hitting new highs in the 4,000 range by summertime, Chuck discusses what investors might take from the firing of longtime Fox Business host Lou Dobbs, and Art Amador of the AI Powered Equity fund talks stocks in the Market Call.

Matt Lloyd, chief investment strategist at Advisors Asset Management, says investors may need to adjust expectations for market returns over the next five years, as stocks deal with changes in growth, bonds deal with low interest rates and the economy starts to face down inflation. Also on the show, Rodney Brooks of US News and World Report discusses the Biden Administration's potential plan to eliminate tax-deductibility of 401(k) plans -- favoring tax credits for contributions instead -- David Trainer of New Constructs discusses his firm's win on Gamestop as well as another pairing of stocks looking at what he describes as a 'micro bubble,' and Matt Breidert of the Ecofin Global Renewables Infrastructure fund covers stocks in the Market Call.

Lindsey Bell, chief investment strategist from Ally Invest, says that worries about inflation being spurred by economic stimulus are real, and while she thinks the real troubles with rising prices are still a few years off, she expects an inflation spike this year and says it could be the hot topic this summer, as prices rise but the Federal Reserve holds the line on low interest rates. Also on the show, Wendy Huang of the London Stock Exchange Group, discusses why fund sponsors and businesses are finding it particularly lucrative and timely to open new issues overseas now, and Thomas Kirchner of the Camelot Event-Driven Fund talks stocks in the Market Call.

Janet Brown, chief executive at the FundX Investment Group -- which invests using an 'upgrader strategy' trying to ride the market segments that are hot -- says that market leadership has been changing and that while domestic large-cap growth stocks aren't falling out of favor, small-company issues, value investments and international funds are all looking like they are ready to take over market leadership in 2021. Also on the show, Tom Lydon of ETFTrends.com makes an international small-cap fund his 'ETF of the Week,' Jeff Lipton of Oppenheimer and Co. talks the municipal bond market and why he thinks investors should favor munis over Treasuries this year, and Chuck takes an audience question about keep-the-change programs like the popular Acorns app.

Today, a Money Life first, with two money managers disagreeing about the same stock -- one saying he would buy it now while the other would sell it and avoid it -- on the same show. Learn about the stock and get a lot of broad market reaction and more today from Noland Langford of Left Brain Investment research, Ben Cook, the portfolio manager of Hennessy BP Energy fund, Ted Rossman of Creditcards.com and in the Market Call with Bernie Horn of Polaris Global Value fund.

Market strategist Lawrence McDonald of The Bear Traps Report, says that we're living through a 'blood-curdling bull raid, where the bulls are devouring the shorts,' and he says that historically that kind of action happens near market tops. He says the risk-reward balance looking out six months is 'pretty poor.' McDonald also discusses the GameStop situation, as does technical analyst Mark Newton of Newton Advisors, who talks about how the volatile market action shows up in and impacts the technical indicators. Also, Jeff Zananiri, head trader at JoyoftheTrade.com is in talking pairs trades and more in the Market Call.

Syndicated columnist Harry Rinker -- who has written his Rinker on Collectibles column weekly for more than three decades -- says that collections have value, but that collectors really should be focusing on the joy they get from their finds rather than the monetary value of their items because collectibles seldom pay off financially. Also on the show, David Trainer of New Constructs puts a small/mid-cap fund in the Danger Zone, and Jon Lansner of the Orange County Register talks about the GameStop situation and its parallels to a long-forgotten stock blow-up from the 1990s.

Long-time growth manager Sam Stewart of Seven Canyons Advisors says that the stock market is experiencing a lot of 'clear-air turbulence,' moving and reacting faster to things that average investors can't see, let alone react to. Coupled with stock prices that he says do not reflect the true growth rates of the businesses, he expects the market to have mild setbacks going forward, even amid the positives of a post-pandemic recovery. Also on the show, Tom Lydon of ETFTrends.com makes a unique fund -- part metals play, part emerging-markets play -- his ETF of the Week, Katie Stockton of Fairlead Strategies gives a technical take on the market, including what Wall Street's wild action on GameStop and other hot stocks is doing to technicals, and Patrick Healey of Caliber Financial Partners talks stocks in the Market Call.

Longtime value manager Bill Nygren of the Oakmark Fund says that active management tends to shine 'when parts of the market go to extremes that aren't sustainable,' noting that he sees more sectors and companies at unsustainable levels than he has seen in his career. As a result, he expects value investing to extend its recent run of strong performance into something much longer, fueled by a mix of economic recovery, a bump in inflation and a return to investing with an eye on risk rather than on simply buying whatever has been going up. Also on the show, Brian Dress of Left Brain Investment Research discusses how Occidental Petroleum's recovery from a badly timed big buyout is creating an opportunity in its high-yield bonds, and Anne Kritzmire, an independent closed-end fund trustee, discusses why directors of closed-end funds can't get away with relying on the rubber stamp the way their counterparts at traditional mutual funds do.

Willie Delwiche, investment analyst at All Star Charts, says that the people forecasting doom and gloom and saying the market has come too far, too fast have missed the point that the current market rally is so broad and so strong -- and being propelled by economic recovery and bolstered by low interest rates -- that they're missing out on an upward move that he expects to consider. Delwiche did say he particularly likes the looks of some foreign markets, and he doesn't necessarily expect the current climb to continue unabated, but he's not worried about some short-term freefall caused by too much current optimism. Also on the show, Amy Crews Cutts discusses this week's National Association for Business Economics survey, which shows a significant increase in recovery hopes, as well as the growing divide caused by the current K-shaped recovery, Ron Lieber of The New York Times discusses his latest book -- 'The Price You Pay for College' -- and we revisit a recent Market Call interview with Bill Hench, manager of the Royce Opportunity fund.