Money Life with Chuck Jaffe

Tracie McMillion of the Wells Fargo Investment Institute discusses the firm's most-recent investor-optimism survey, which saw seven years of gains and positive outlooks wiped out in the last calendar quarter. She discusses what happened and why investors are so much more pessimistic now despite the market's rebound from March lows. Also on the show, author Christian Busch discusses 'The Serendipity Mindset' and how to create good luck, Kyle Guske of New Constructs puts MongoDB in the Danger Zone, and Will Rhind of GraniteShares discusses stocks that he'd 'XOUT' of a portfolio in the Market Call.

Goerge Milling-Stanley, chief gold strategist at State Street Global Advisors, says that in hard-to-gauge circumstances, gold is the one asset class that is performing in line with investor expectations, working appropriately to diversify portfolios and balance the volatile market. Neil Azous of Rareview Capital talks about a unique opportunity in municipal-bond closed-end funds, where the four return streams investors normally pursue are lined up to all potentially be working at the same time. Also on the show, Tom Lydon of ETFTrends.com makes a fund that's all about genomics and finding a coronoavirus cure his 'ETF of the Week,' and Chuck Carlson of Horizon Investment Services and The DRIP Investor talks stocks in the Market Call.

Brian Nick, chief investment strategist at Nuveen, discusses his firm's outlook for the remainder of 2020, while noting that there is little clarity in any outlook right now thanks largely to coronavirus, but also owing to the election, the economy and more. Nick also talks about how the falling rates story in bonds -- which is forcing investors to re-think the role of bonds in their portfolios -- will likely be the story of the coming decade, as investors deal with the fallout of 'lower for longer.' Also on the show, Gene Nadler discusses the simple strategy that's behind his book 'The Perfect Stock Market Diet,' and Jack Murphy of Levin Easterly Partners talks about value investing and value stocks in the Market Call.

Brad Lamensdorf of the Lamensdorf Market Timing Report and the Ranger Equity Bear fund (HDGE) says that the market's expectations are swinging between extremes -- from a high-greed environment to a high-fear market and back again -- and that investors should pay more attention to technical signals because there are so many unknowns happening to fundamentals for the foreseeable future. Lamensdorf believes in buying fear and selling greed and expects opportunities for both during volatile market swings ahead. Also on the show, Brian Kersmanc of GQG Partners notes that investors 'can't predict when it's going to rain, but can build arks,' and suggests getting defensive, diversifying across asset classes and countries and going 'where the data points lead you.' Plus Mark Hamrick of Bankrate.com discusses how Americans feel their personal financial standing is after three years of the Trump Administration, and David Brady of Brady Investment Counsel talks growth investing in the Market Call.

Michael Falk of Focus Consulting Group returns to the show for another intimate life and money discussion. Dealing with ALS or Lou Gehrig's Disease, Falk explains why he doesn't think today's investors should be wasting time and money on bonds, noting that he won't buy any during the short time he has left but why younger, healthier people shouldn't buy them either. He also discusses how the pandemic and the advancing disease has, again, changed some of his priorities and his abilities to accomplish them. Also on the show, David Goodsell of the Natixis Investment Managers' Center for Investor Insight discusses his group's latest survey on investor attitudes, Mark Blyth discusses his new book, 'Angrynomics,' and the need for society to harness its anger to create change, and David Trainer talks about why a home-builder that the market thinks is headed for trouble is actually an attractive buy right now.

Money manager Jim O'Shaughnessy -- the best-selling author of 'What Works on Wall Street' -- says that investors can look back through history to see that the United States has come through 'some really scary things.' which is why his outlook hasn't and won't change. He's expecting to ride out the current stock market and economic concerns, betting on the American people to 'figure stuff out.' Also on the show, Larry Antonatos of Brookfield Asset Management discusses real assets and which ones he expects to perform well heading into 2021, Jim Welsh of Smart Portfolios talks the market's technicals and expects a short-term pullback before the Standard and Poor's 500 index rebounds to new highs around Labor Day, and John Barr of the Needham Growth and Needham Aggressive Growth Funds talks stocks in the Market Call.

Crit Thomas, global market strategist at Touchstone Investments, says that the market has written off 2020 and is looking out to 2021, meaning that upcoming corporate guidance is likely to have more market impact than soon-to-be-released economic numbers. Thomas noted that the market's rebound -- which he warns could be affected sharply by coronavirus news concerning a resurgence of afflicted Americans -- has been so strong and fast that it has brought most of the market to unattractive pricing levels. While Thomas is worried about the potential for short-term market troubles, he suggests that investors lengthen their time horizon because the long lens makes it much easier to keep risk and daily market volatility in proper perspective. Also on the show, Tom Lydon of ETFTrends.com suggests an exchange-traded fund made up of 'fallen knives,' Ted Rossman of CreditCards.com discusses travel-credit cards and whether they are worth their fees at a time when few cardholders are traveling, and Jerry Parker of Chesapeake Capital talks stocks in the Market Call.

In an extended Big Interview, Dan Fuss -- vice chairman of Loomis Sayles and Co., and a leading bond fund manager for more than half a century -- says that investors should not feel that bonds can play their traditional role as a portfolio safety net right now because fixed-income investments can't provide the level of yield investors typically expect. Fuss says the market 'is far more dangerous on the credit side than people know.' Also on the show, Catherine Yoshimoto of FTSE Russell discusses the 'Russell Reconstitution' process, which will reshape Russell's indexes while making this Friday one of the biggest volume days of the year, and Charles Norton of the Vitium Global Fund discusses sin stocks -- alcohol, gaming, tobacco and defense companies -- in the Market Call.

Mark Newton of Newton Advisors says that while markets are poised to move higher into July, they face a challenging path to continue rising as the economy reopens. Newton favors health care stocks and commodities, but dislikes financials. Also on the show, Alessandro Valentini of Causeway Capital Management discusses what it will take for value investing to finally deliver superior results to growth stocks. Warning, he said it could take a long time, noting that low interest rates make it more difficult for value to get any traction. Greg McBride of Bankrate.com discusses the financial regrets many people have about their financial preparedness for the global pandemic, and Tom Plumb of the Plumb Funds talks stock in the Market Call.

Stephanie Kelton, an economist whose recent book 'The Deficit Myth' has moved onto the best-seller lists, says that the many real problems facing the country -- including but not limited to the coronavirus pandemic, the loss of jobs and health care and benefits for many workers, and more -- can be solved or helped by the government increasing targeted spending, but she notes that concerns about such spending creating a bigger deficit problem are overblown. The deficit, she notes, is a number without 'good' or 'bad' attached. Also on the show, Jonathan Treussard of Research Affiliates talks about the challenges of and benefits to keeping a long-term investment mindset, Megan Fielding of Nuveen talks about how the surge in interest in social investing is being driven by improved performance in ESG funds, and David Trainer of New Constructs looks at a stock that he thinks is dramatically undervalued now.