Money Life with Chuck Jaffe

Ron Kaliebe, portfolio manager for the Mairs and Power Balanced Fund, said that the current interest rate environment globally is not normal, and that Corporate America has taken advantage of low rates and leveraged up, a strategy that could create trouble down the line, but not until or unless America gets caught in a global economic slowdown, which he does not foresee happening in the near future. Also on the show, Jake Falcon and David Hartness of HighTower Advisors discuss how planning customers need to know the inner workings of the firm they hire, Nicholas Jasinski of Barron's covers the latest 'Big Money' poll, and Josh Stewart of Seven Canyons Advisors talks stocks in the Market Call.

Chuck celebrates the 7th anniversary of Money Life by talking with a new guest, Leigh Goehring of Goehring and Rozencwajg Associates, who says the commodities market is at the very bottom of the cycle, talking markets with return guest Talley Leger of OppenheimerFunds, who makes a case for investing in emerging markets, and for believing that the Federal Reserve is done raising rates for this year, and with Maura Cassidy of Fidelity Investments discussing the disconnect between how many Americans are confident about their current financial health compared to the number of people who are confident about their retirement future.

Ted Rossman of BankRate.com said that the millions of Americans who have little saved for retirement or emergencies also can't afford a summer vacation, citing new research showing that 39 million Americans simply can't afford a trip this summer. Rossman noted that more than one third of all workers will not just pass on the summer trip, but will fail to use their full vacation time this year. Also on the show, Dr. Rainer Zitelmann discusses his book on capitalism around the world, David Trainer puts two momentum stocks in the Danger Zone, and Lamar Villere of Villere and Co. covers stocks int he Market Call.

Joe Quinlan, chief market strategist for U.S. Trust, said that while the European Union has significant troubles, investors should not ignore it from either a political or an investment standpoint, noting that it is a place to find relative values right now, as well as a place that could trigger other issues with world markets. Also on the show, Ken Berman of Gorilla Trades said that the market's technicals are strong and looking like they can carry the bull run and recent rally further along for the remainder of the year, Jason Hargraves of InsuranceQuotes.com discussed how bundling strategies don't always save consumers as much as might be expected, and Chuck Carlson of The DRIP Investor talked stocks in the Market Call.

David Dali, portfolio strategist at Matthews Asia, said that while the domestic stock market has gotten the attention for the strong rebound it had to start the year, emerging markets have been strong and have a solid economic underpinning to make them a good diversifier to U.S. markets that may be nearing the end of their long rally. Also on the show, Tom Lydon of ETFTrends.com puts a specialty fund back in the picture as 'ETF of the Week,' Chuck talks about the quiet end of the Wintergreen Fund, and Oliver Pursche of Bruderman Asset Management covers stocks in the Market Call.

Scott Opsal, director of research at Leuthold Weeden Capital Management, said that his firm's measure of the market and its potential direction is, for the first time, dead neutral and not leaning in any way, but he noted that 'It's a good period for the business world' and there's not much out there that would bring the market down for any significant length of time. Thus, despite having no inkling about where the market might go next, Opsal believes the long-term direction remains up. Also on the show, Peter Land and Ruth Gretz of HighTower Advisors discuss the non-financial elements of long-term planning, Ted Rossman of CreditCards.com talks about the taboo subject of debt, and Todd Rosenbluth of CFRA Research covers funds and ETFs in the Market Call.

Toni Turner of Trendstar said the market has been sideways and low on volumes as it waits for second-quarter results from the biggest names in stocks. But with the FANG stocks set to report this week, she thinks the market is due for a big move that should carry it to new highs, she warned that the Russell 2000 is not confirming the signals of other indexes which could keep the benchmarks range-bound a little longer. Also on the show, Chuck discusses a recent column, John Moninger of Eaton Vance covers thei firm's latest survey on the issues that are top-of-mind with financial advisers, and Kathy Boyle of Chapin Hill Advisors covers ETFs in the Market Call

David Trainer, president of New Constructs, put the Uber initial public offering in the 'Danger Zone,' calling the new offering a scam and saying that the company's growth projections are fictitious. He noted that Uber's projections would have it capturing 15 percent of all global economic activity,while the company is 'losing absurd amounts of money ... without any path to profitability.' Also on the show, University of Maryland professor Russ Wermers discusses the importance of active managers in maintaining an efficient market, and Jack Bowers of the Fidelity Monitor and Insight newsletter talks funds and ETFs in the Market Call.

Danielle Shay, director of options at SimplerTrading.com, said the market is in 'Hurry up and wait mode' over next week's release of earnings for the FANG stocks plus Microsoft, noting that she expects the flat market to break out once those big names release their numbers. That breakout could lead to new highs, but Shay said she expects the market to settle and re-test lows before really moving on later in the year. Also on the show, Michael Campagna of Moerus Capital Management talks value investing around the world in current market conditions, Rob Scheinerman of AIG Retirement Services covers new data on consumers planning to live and make their finances last to age 100, and Peter Tuz of Chase Investment Counsel talks growth stocks in the Market Call.

Tom Lydon of ETFTrends.com made the ProShares Pet Care ETF ($PAWZ) his ETF of the Week, noting that the new, specialty niche fund is tapping into a growth industry that should be unaffected by the market and the economy. He did recommend using a trend-following strategy with the fnud. Also on the show, Harvard University professor Mihir Desai discussed how finances work, Paula Fleming of the Better Business Bureau covered travel scams ahead of the summer vacation efforts, and we rebroadcast a recent Market Call interview with Simon Lack of SL Advisors.