Money Life with Chuck Jaffe

Alan Gayle of Via Nova Investment Management said he does not expect the trade and tariff battles between the US and China to derail the market for the long haul, but he noted that the market will keep taking no more than two steps forward with one step backwards for as long as it is in the headlines. Meanwhile, Jake Falcon and David Hartness of HighTower Advisors discussed their big investment themes for the rest of the year -- without even mentioning China -- Tom Gearing of Cut Wines Asset Management talked about wine as a completely alternative investment choice, and author Mathias Doepke of 'Love, Money and Parenting' talked about the economic conditions that, among other things, might have led to the recent college admissions scandal.

Karl Mills of Jurika, Mills and Kiefer said that Monday's losses should not have investors worried so long as they have properly adjusted their time horizons, and he said he expects most investors to realize down the line that whatever move the market is making now is forgotten short-term noise. Also on the show, Leo Leydon of Financial Focus Advisory Services said he expects the market to hold at current support levels of roughly 2,800 for the Standard and Poor's 500, noting that it could drop to 2,600 if he is wrong, although he also thought the market's next move is most likely up, in his case to recent highs of roughly 2,950. Dan LaPlante of Citizens Bank Wealth management discussed using the current downturn as an opportunity to rebalance a portfolio and how to deal with taxable gains, and Matt Schulz discussed the latest survey from CreditCards.com.

It's another banner line-up of experts from the Morningstar Investment Conference, as Chuck talks to Kari Droller from Charles Schwab, deep-value manager Amit Wadwhanney from Moerus Capital, alternatives expert Josh Vail of 361 Capital, Brian Milligan from Ave Maria Growth fund, quantitative analyst Joe Mallen of Helios, income specialist Bryce Fegley of Sextant global High Income, muni-bond manager Bob DiMella of Mackay Shields, Natixis' chief market strategist David Lafferty, and a special surprise guest to wrap it all up.

A colossal lineup from the Morningstar Investment Conference in Chicago features Judy Ward of T. Rowe Price, Mona Mahajan of Allianz Global Investors on the markets, Alex Pire of Seeyond talking minimum-volatility investing, Beini Zhou of Matthews Asia Value discussing his reaction to recent presidential tweets about trade wars, Ira Rothberg of Hennessy Focus Fund on valuations and patience, Jeff Holt of Morningstar discussing the firm's latest study of target-date fund, Michael Falk of Focus Consulting Group on the evolution of the Morningstar event itself, Alan Adelman of Frost Investment Advisors talking mid-cap stocks, and value investor Abhay Deshpande of Centerstone Investors discussing why Europe may be worth buying now, when most market observers hate it..

On the first day of interviews from the Morningstar Investment Conference, Chuck covered a wide range of subjects with five different experts, highlighted by Brian Levitt of OppenheimerFunds, who was bullish on the domestic and emerging markets, but realistic about the upcoming election year posing potential problems. Still, he noted that investors should not be swayed by election-related news, as 'Hating the government is not an investment strategy.' Also on the show, Tom Lydon of ETFTrends doing a live variation on his ETF of the Week, Mary Ellen Stanek of Baird Funds, Rich Woodworth of PGIM Investments, and Kristen Mierzwa of FTSERussell.

Jeff Davis , chief investment officer at LMCG Investments said he expects a potential 'revaluing' of the market, noting that it's a good time to lock in gains, rebalance and get defensive as he expects some short-term pain ahead, with a correction of 20 percent or slightly more likely to happen over the next year. Also on the show, David Hartness and Jake Falcon of HighTower Advisors discuss how they resolve conflicts between advisors working with the same clients, Andrew Chanin of Procure ETFs discussed UFO, the first pure-play space ETF, and Dr. David Krueger talked about his new book, which helps investors and savers change their money attitudes and behaviors.

Jason Thomas, chief economist at AssetMark, said that optimistic investors need to recognize that there is always a reasonable scenario that could result in bumpy markets, but that they need to ignore the noise and look through it to be able to capture long-term trends. 'If you can't get comfortable investing in this environment,' Thomas said, 'it's going to be difficult to be successful over time, because there just aren't many environments that are more hospitable from an economic perspective.' Also on the show, Ken Shreve of Investor's Business Daily gives his take on the market's technicals, Chuck answers a question about diversifying life-cycle retirement holdings, and the Market Call is a rebroadcast of a recent chat with Lamar Villere of the Villere Funds.

Hope Manion of Fidelity Investments joined Chuck to discuss the firm's recent research showing that couples will spend, on average, $285,000 on health-care protection in retirement, and discussed how that large burden will only be met by people who understand and plan for the real cost of medical coverage for seniors. Also, Peter Lipsett of DonorsTrust discussed how charitable giving defied expectations in the wake of tax-law changes, Sam McBride of New Constructs out a $16 billion mutual fund on blast in the 'Danger Zone,' and Maury Fertig of Relative Value Partners discussed closed-end funds in the Market Call.

Two different experts talking technical analysis agreed that the inability of the Standard and Poor's Index to reach new highs has made them cautious now, in a slightly defensive posture waiting to see the market's next move. John Kosar of Asbury Research said that most technical measures are strong, but he wants to see the market confirm its strength by reaching new highs, while Michael Sincere -- author of 'Understanding Options' - was more cautious, feeling like the market has reached an inflection point and that a decline back to at least recent lows would not be a surprise. By comparison, Gary Bradshaw of Hodges Blue Chip Equity fund said in the Market Call that the market was encouraging investors to sell their bonds and buy stocks. Also on the show, Kerry Pechter of Retirement Income Journal discussing why index-annuity sales are so strong right now.

Rod Griffin of Experian explained the company's new Boost program, a free method for adding recurring bill payments for mortgages, utility bills and more to credit files, allowing them to be factored into credit scores. Griffin explained that while the service is designed to help consumers with thin credit files, even people with solid scores should consider signing up. Also on the show, Tom Lydon of ETFTrends.com makes a regional bank fund his 'ETF of the Week,' Peter Kellner of Richmond Global Compass fund talks sustainable global investing, and Jason Herried of Johnson Financial Group makes his debut in the Market Call, talking stocks.