Money Life with Chuck Jaffe

Jeffrey Hirsch, editor of the Stock Trader's Almanac, noted that the market's technicals are strong enough that the Almanac issued a buying signal on Oct. 11, expecting 2019 to have the traditional strong end to the year rather than repeating the significant decline investors lived through a year ago. Hirsch also talked about the impact elections have on the market and more. Also on the show, Geoffrey Brown of the National Association of Personal Financial Advisors discusses how many people wish they could have a financial do-over, Kyle Guske of New Constructs puts the worst fund in the worst-performing investment category in the Danger Zone, and Rich Moroney of the Dow Theory Forecast and Upside newsletters talks stocks in the Market Call.

Mona Mahajan, US investment strategist for Allianz Global Investors, says that while there are legitimate concerns about slowing global economic growth and headline risks from trade wars to impeachment and more, the underlying numbers show signs of re-emergent growth, the kind of 'green shoots' that could carry the long-running bull market to new heights next year if they're fostered and allowed to grow. Also on the show, Ken Berman of Gorilla Trades is equally bullish -- if not more so -- in discussing the stock market's technical side of things, Joshua Deringer of Drinker, Biddle and Reath explains the inner workings of 'interval funds' -- a type of closed-end fund that is growing in popularity -- in The NAVigator, and Darren Kottle of Catalyst Multi-Strategy Fund talks stocks and tactical investing in the Market Call.

College professor Emily Gallagher discusses her recent research looking at the amount of emergency savings that appears sufficient to allow individuals to overcome standard emergencies and avoid falling into significant financial distress, disclosing just how much to keep on hand. Also, Chuck talks with Tom Lydon of ETFTrends.com about a housing fund, covers the best mortgage lenders with Gina Pogol of HSH.com, and talks stocks in the Market Call with Leon Wilfan of Lahardan Financial.

Matt Harris, head of investment strategy at HighTower Wealth Management, says that while people are nervous about economic, market and political headlines, that's not showing up in how they act as measured by technical analysis. Harris says that indicators like breadth, the spread of companies rising and falling and more are not typical of a market top or indicating a price drop over the next few months. Also on the show, Chuck talks with author Devon Powers about the business of forecasting the future, discusses Halloween spending with Matt Schulz of CompareCards.com, and revisits his recent chat with Nobel Prize-winning economist Robert Shiller.

Lawrence McMillan, head of McMillan Analysis, said that the current range-bound market has indicators that can work for short-term trades, but nothing that really allows him to look out more than a few weeks. He is looking for the market to break through resistance at 2,993 on the Standard and Poor's 500 and hold beyond that level, but noted that if a rally falls short, the market could see a double- or triple-top, which is a sign of trouble ahead. Also on the show, Sylvia Jablonski of Direxion Investments says there is still growth left in the market and she highlights good ideas for trading in a sideways market, Mike Brown of Lendedu highlights the huge amount newlyweds paid to hold their wedding, and we revisit a recent Market Call with Ed Shill of QCI Asset Management.

Aaron Glantz, author of the new book 'Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream," discusses how a story looking at the financial crisis of 2008 led to massive profits for several leading players,including members of the current administration in Washington. Also, Catherine Collinson of the Transamerica Center for Retirement Studies talks about why employers don't believe their workers are ready for retirement, David Trainer of New Constructs talks about the danger of believing ordinary earnings reports and Bill Matson of Oyster River Financial covers data-driven investing in the Market Call.

John Blank, chief equity strategist and chief economist at Zacks Investment Research, gives a compelling look at what he believes are key numbers to draw the conclusion that investors won't have to worry about a recession in the United States for at least a year and more likely into 2021 and beyond. With little to no growth around the world right now, Blank suggests that investors -- especially those with shorter time horizons -- focus more on domestic stocks because despite a slowing economy the best growth opportunities remain here. Also ont he show, Patrick Shaddow of S-Network Global Indexes talks about ETFs made up entirely of closed-end funds, Toni Turner of Trendstar Trading Group discusses the market's potential to reach a triple top, which is a technical indicator of trouble ahead, and Manny Weintraub of Integre Asset Management covers growth-at-a-reasonable price stocks in the Market Call.

Bernie Horn, portfolio manager at Polaris Global Value, says that while the U.S. stocks have sharply outperformed international stocks since the financial crisis of 2008, the situation has now gotten to where foreign valuations are increasingly attractive, and he noted that if you can find the right valuations in businesses that are able to grow cash-flow over time, the stock should ultimately pay off no matter where in the world it is based. Also on the show, Tom Lydon of ETFTrends.com makes an actively managed municipal bond fund his ETF of the Week, Pat Rowan of TIAA discusses Americans' confidence in retirement, and Craig Curlop of biggerpockets.com talks about his new book on 'house-hacking,' a strategy where you buy multi-unit properties, live in one unit and rent the others, uing the rent to pay your mortgage and effectively letting you live without having to make a monthly housing payment of your own.

Chuck talks about the twist he is putting in place for his annual 'trade or treat' Halloween tradition that lets children choose between money and candy while learning about risk, return, rewards and more every year. He's hoping you will come up with your own twist on cash or candy this year. Also, Ray Baraldi and Richard Flahive of HighTower Advisors discuss real assets' role in a portfolio during volatile times, Terry Jones of Investor's Business Daily covers the latest IBD Investor Optimism Index and Trip Miller of Gullane Capital Partners covers value investing in the Market Call.

Nobel Prize winning economist Robert Shiller joins Chuck to discuss his new book on 'narrative economics' and notes that the current narratives generating viral stories and affecting the economy are the stories about trade and tariff wars and the future of free trade with China. Also on the show, Eleanor Laise of Kiplinger's Personal Finance discusses the importance of shopping around during the open enrollment period to see if you should change Medicare Plans, and Leah Bennett of Westwood Wealth Management talks quality socks in the #MoneyLifeMarketCall.