Money Life with Chuck Jaffe

John Bellows, portfolio manager for Western Asset Management, says that he believes the Federal Reserve is done hiking interest rates for 2019, and the market -- while not likely to continue its torrid first-quarter growth path -- is poised to avoid significant meltdowns this year. Unlike Will Nasgovitz --The Big Interview from Wednesday's show -- Bellows doesnot see corporate debt growing dangerously on balance sheets, but he did say the bond market needs continued growth in order to stabilize. Also on the show, Tom Lydon of ETFTrends.com has the 'ETF of the Week,' Chuck answers a follow-up questions on credit-card use, and Elliott Gue of Energy and Income Advisor has the Market Call.

Will Nasgovitz, chief executive at Heartland Advisors, said that he sees trouble ahead for companies carrying a lot of corporate debt, especially as the market cycle changes. Still, he is not expecting the long wave of stock buybacks -- which added to corporate debt in many cases -- to trigger some type of massive market sell-off. Also on the show, the gang from HighTower Advisors -- Ray Baraldi, Jimmy Hausberg and Jeff Kelly -- discusses the proper use of strategically active ETFs, Josh Franzel of the Center for State and Local Government talks about employee participation in retirement plans, and Bob Auer of Auer Growth Fund has the Market Call.

Brad Lamensdorf of the Lamensdorf Market Timing Report said he expects to see some pain in the summer and fall as we did near the end of last year. He noted that the markets are up double-digits after one quarter, but that no one should expect that kind of quarterly performance to be repeated without big downdrafts to even things out. Also on the show, Chuck talks his recent foray to a free-dinner seminar, Jill Gonzalez of WalletHub.cmo looks at the new Apple credit card, and John Cole Scott of Closed-End Fund Advisors has the Market Call.

David Trainer of New Constructs put 'growth investors' in the Danger Zone, saying that the expected slowdown in earnings growth -- which he expects to become evident when first-quarter earnings are announced -- should send growth stocks for a tumble. He singled out United Technologies as an example of a company whose stock is likely to crater when the market realizes the growth outlook is less rosy than currently assumed. Also on the show, Chris Larkin of E*Trade returns to help Chuck answer an audience member's question, Mark Riepe of the Schwab Center for Financial Research discusses behavioral mistakes common to many investors, and more.

Dan Kemp, chief investment officer for Europe, the Middle East and Africa for Morningstar Investment Management, said investors should beware of vivid, attention-grabbing forecasts because the ingredients that get your attention are not necessarily the most valid when it comes to the market. He noted that boring forecasts about the future looking mostly like the past tend to be more accurate. Also on the show, Buck Klintworth of Chase Investment Counsel said he expects the stock market to be flat to slightly down during the summer before going on a run, meaning that any near-term pullbacks should be buying opportunities. Matt Hougan of Bitwise Investment Management discusses his recent research showing that most Bitcoin trading statistics are wildly fake, with 85 percent of reported trades not being real, and Ernie Cecilia of Bryn Mawr Trust Co. talks stocks and ETFs in the Market Call

Chris Larkin, senior vice president at E*Trade said in The Big Interview that while the market appears to be slowing and many experts are talking about the potential for a recession, the market looks like it can continue to push forward for a while. Just the same, he suggested that investors want to adjust their strategies to accept heightened volatility and slower growth. Also on the show, Tom Lydon of ETFTrends.com makes a short-term bond fund his ETF of the Week, Chuck answers a listener question about the right number of credit cards to have, and Stephen Yacktman of the Yacktman Funds talks stocks in the Market Call.

College professor and author Robin Feldman said that secret deals and strategies used by the drug industry has medicine costs rising even when they shouldn't be. The system, she explained, favors higher-cost drugs at the expense of more-affordable care. Also on the show, the gang from HighTower Advisors -- Jimmy Hausburg, Jeff Kelly and Ray Baraldi this week -- identify the emerging industries they are most intrigued by now, and Ryan Jacob of the Jacob funds has the Market Call.

Jeff Bishop of RagingBull.com and WeeklyMoneyMultiplier.com, said that he is looking to trade the downside and bet against the big gainers of the market's recent rally because he believes the market has topped out for a while. Bishop noted that he expects a choppy sideways market through much of earnings season, followed by a downward trend as earnings numbers reveal slow or declining growth. YAlso on the show, Mike Foy on J.D. Power's latest full-service investor survey, author Doug Lynam on his journey from monk to money manager, and Kiplinger's columnist Steve Goldberg of TG Investing, talking funds in the Market Call.

Sam McBride, analyst at New Constructs, put TrueCar Inc. in the Danger Zone, noting that the stock had been there in 2017, and it lost roughly 60 percent of its value thereafter. That doensturn hasn't made the stock look better, McBride noted, and he made a strong case for hy the stock is still significantly overpriced. Also on the show, Thomas O'Shuaghnessey of Clever Real Estate discusses his firm's survey of thousands of credit-card users, Richard Smith of TradeMmith talks trading today, and Jeffrey DeMaso, director of research at Adviser investments, has the Market Call

Jim Welsh of Smart Portfolios said he expects the market to reach a near-term high -- propelled by a window-dressing rally as fund managers try to make their portfolios look like winners with moves at the end of the first quarter -- but that the optimism that comes with that move will also bring about the rally's end and lead to a modest pullback. After that, he believes the market's direction is likely to be determined by the outcome of trade concerns in China, Europe, and England. Also on the show, Brett Arends of MarketWatch.com discusses a study which shows that the music you listen to while making investment decisions could impact how well you do in the market, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how heavy lifting in your job could impact your ability to retire comfortably, and we rebroadcast a recent interview with Mike Liss of American Century Value.