Money Life with Chuck Jaffe

Tom Stringfellow, chief investment officer at Frost Investment Advisors, says that the current mix of good and bad news -- a 50-year-low in unemployment,impeachment headlines, interest rates and much more -- has confused investors and is pushing them some of them to seek shelter, making a mistake of not being fully invested at a time when the market continues going up despite all of the conflicting data and information. Also on the show, Greg Daco of Oxford Economics and the National Association for Business Economics, talks about the economist survey released today which shows that leading financial minds feel that recession isn't likely until late 2020 or beyond, David Trainer of New Constructs puts a pot stock in the Danger Zone, and Ben Johnson, director of ETF research, covers exchange-traded funds in the market Call.

Adam Grimes, president of Talon Advisors, said that while news headlines and market volatility might give investors pause for the near term, long-range investors should not be concerned about the market's technicals, and should view downturns cautiously as buying opportunities. He noted that when the market is range-bound -- as it has been -- but generally staying near the top level of the range, that typically bodes well going forward. Also on teh show, Kimberly Flynn of XA Investments talks about alternative investments available in closed-end funds in The NAVigator, Pat keon of Lipper at Refinitiv discusses why investors flooded junk-bond funds with money in recent weeks, and Brian Gahsman of the AlphaCentric Robotics and Automation fund has the Market Call.

Richard Sapertein, chief investment officer, Treasury Partners, gives a surprising take on how bond investors -- facing negative interest rates on international treasury securities and falling interest rates at home -- should actually extend maturities on the fixed-income instruments they are using, even though that could put them on the short end of the inverted yield curve. Also on the show, Tom Lydon of ETFTrends.com says value is coming back into vogue with his pick for the 'ETF of the Week,' Rich Polimeni of the College Savings Foundation discusses about how parents may know the value of saving for college but still are over-reliant on debt, and Oliver Pursche, chief market strategist at Bruderman Asset Management talks growth at a reasonable price in the Market Call.

George Schultze of Schultze Asset Management says in the Market Call that investors should not be afraid of bankruptcy and other troubling corporate situations because they are running away from opportunities rather than seizing on them. Also on the show, Chris Mamula, a leader in the "Financial Independence" realm talks about the new book he helped to write, 'Choose FI: Your Blueprint to Financial Success," plus Michael Sheldon and Peter Lang of HighTower Advisors discuss the benefits of mixing active and passive management in a portfolio.

Everett Millman, precious metals specialist at Gainesville Coins, says that he expects gold to be range-bound and move sideways for as long as the big macro issues like he trade war with China and interest rates domestically go unresolved, but he expects gold to mostly hold to current, recently inflated values because there isn't much on the horizon to drive prices down. Also on the show, Gina Pogol of AmOne.com discusses a survey on big personal-finance mistakes, Sa El of SimplyInsurance.com joins Chuck to answer an audience question, and we rebroadcast a recent interview talking global markets with Giorgio Caputo of J.O. Hambro Capital Management.

Mark Hamrick of Bankrate.com chats with Chuck about his firm's latest research, which showed that despite a decade of economic expansion, nearly 40 percent of Americans still list catching up on bills as their biggest financial priority, followed by saving more and paying down debt. Also on the show, Sally Outlaw of Worthy Financial discusses how her firm's crowd-funding of small-business bonds has created a higher-yielding alternative to money-market accounts, Kyle Guske of New Constructs puts a high-cost technology fund in the Danger Zone and Ed Shill of the five-star QCI Balanced fund talked stocks and valuations in the Market Call.

Money Life adds a new regular feature today with the debut of The NAVigator, a segment that will cover the ins and outs of avtice investing in closed-end funds, today featuring John Cole Scott of the Active Investment Company Alliance and Closed-End Fund Advisors. Also, Bill Kornitzer of the Buffalo International Fund says the world is on hold waiting for US-China dispute to end, but he expects the countries to reach temporary agreements as this is a skirmish in a battle for global economic dominance. Veteran personal finance journalist John Waggoner talks the potential impact impeachment proceedings will have on the stock market, and Brian Bollinger of Simply Safe Dividends makes his debut in the Market Call.

Katherine Renfrew of the TIAA-CREF Emerging Markets Debt fund discusses how the bond market in China and around the world is reacting to headlines about trade wars and interest-rate hikes, while Yung-Yu Ma of BMO Wealth Management talks about how today's low-rate, high-volatility market should have investors considering yield-driven alternatives like structured notes and preferred stocks for a small part of their portfolio. Also,Tom Lydon of ETFTrends.com has his 'ETF of the Week' and Michelle Kryger of AIG chats about her firm's newly released survey on how seniors are scammed and exploited by family members and strangers and how you can help aging parent avoid those troubles.

Kristina Hooper, chief global market strategist at Invesco, said that while the domestic market is overpriced relative to historical prices, while international markets are underpriced, a condition which suggests that investors might want to seek more opportunities even as they ride the current long bull market out. Hooper noted that cuts to interest rates will likely determine just how long the market can avoid a real downturn, but she noted that most of the signs remain positive heading into the presidential election year. Also on the show, Rupal Bhansali of Ariel Investments talks about 'non-consensus investing,' the subject of her new book, Jake Falcon and Joe Klein of HighTower Advisors discuss the sector rotation they see coming in the fourth quarter of 2019, and Chuck answers a listener's question about rewards credit cards.

Joe Quinlan of Merrill Lynch and Bank of America Private expects a truce, rather than any 'grand deal' on China, but despite those concerns he believes the market is headed higher so he suggests that investors view downturns as buying opportunities -- 'especially in large-cap, dividend-paying stocks' -- for the foreseeable future. Also on the show, Gene Peroni of Peroni Portfolio Advisors expects the Dow Jones Industrial Average to hit 33,000 before the current market cycle ends, which he says could be 18 to 24 months away. Anne Marie Levin of Key Private Bank discusses her firm's recent study of philanthropy disagreements in wealth families, and we revisit a recent chat with Eddy Vataru of the Osterweis funds.