Money Life with Chuck Jaffe

David Dowden, portfolio manager at MacKay Municipal Managers, said he expects the Federal Reserve to do one more rate hike -- during the first half of the year, or earlier than many other observers expect -- but he said that the bond market holds a lot of challenges for investors, like an abundance of muni-bond options that are creating a buying opportunity while alos potentially creating value traps. Also on the show, Kelly Anne Smith of BankRate.com discussed how much money people expect to spend for Valentine's Day, Marc Schneider of Zebit.com discussed how his unique shopping site -- which charges no interest and no late fees on payments -- actually works, and David Trainer of New Constructs put a mutual fund in the 'Danger Zone.'

In his first appearance on the show in more than two years, Brian Yacktman of YCG Enhanced Fund discussed how enduring pricing power and industry leadership and innovation makes for stocks that investors that can deliver superior long-term results in all market conditions, and he singled out a few stocks that make the grade in the Market Call. Also on teh show, we rebroadcast a recent interview with Ben Hunt of Epsilon Theory, Dick Burns of the NHP Foundation discusses seniors' financial fears and Chuck takes a long lottery-filled journey through the weird financial news

Warren Pierson, senior portfolio manager at the Baird Funds, said the markets currently are re-calibrating after the December fall and the January rebound, getting used to more reasonable levels of growth in both earnings and gross domestic product. The result should be market that sustains a slow-but-steady positive course for 2019. Also on the show, Tom Lydon of ETFTrends.com makes an emerging-markets bond fund his 'ETF of the Week,' Chuck discusses how investors need both an iron will and iron stomach to ride out current market times, and Bernie Horn of the Polaris Global Value Fund has the Market Call.

David Marcus of Evermore Global Advisors said investors need to be pruning and enhancing their portfolio during times like these -- when markets are shifting and corporate fortunes are changing quickly -- to maintain a portfolio of investments they love, rather than settling just for things they like. Owning investments you love lets you stick with them through tough times in the market. Also on the show, Terry Jones of Investor's Business Daily discusses investors' flagging level of optimism, we rebroadcast a recent Collective Wisdom segment focused on market volatility and Chuck discusses what investors should remember about the reign of bond king Bill Gross, who just announced his impending retirement

Brent Schutte, chief investment strategist at Northwestern Mutual Wealth management Co., said that while the market has plenty of reasons to get nervous, it also has plenty of impetus to move up throughout the year, largely due to strong underlying fundamentals. He also said that he expects emerging markets and large-cap domestic securities to outperform in the year ahead. Also on the show, Charles Rotblut of AAII Journal is in a selling mood with his 'Stock of the Week,' Ted Rossman of CreditCards.com discusses a recent survey covering how many credit-card customers expect to die with their debt still in place, and Ben Johnson, director of global ETF research at Morningstar Inc

David Trainer of New Constructs put three stocks -- Landec Corp., Brooks Automation, and Host Hotels and Resorts -- in the Danger Zone noting that all three had misleading price-earnings ratios that could lead investors to think the stocks were rising in value when in fact he feels their true worth is collapsing. Also on the show, Greg McBride of Bankrate.com discusses American's financial security, we rebroadcast a recent chat on the market with Patrick O'Hare of Briefing.com, and Eric Marshall of the Hodges Funds has the Market Call.

Tendayi Kapfidze, chief economist at LendingTree, said in the Big Interview that he thinks the Fed may have overreacted to increased market volatility by signalling that it may put off further rate hikes. Now the market is reacting like they won't happen, which could lead to trouble later in the year when he thinks the central bank will resume its upward trend. Also on the show, comedian Gaby Dunn talks about her new book on being bad with money, Leonard Wright of the AICPA discusses Americans' level of personal financial satisfaction, and Chuck takes an audience question about target-date and life-cycle funds.

Tom Lydon of ETFTrends.com made the VanEck Vectors Semicnductor ETF his 'ETF of the Week,' noting that the industry has been on the rise and -- despite recently volatility caused by high-profile earnings misses this week -- remains a worthwhile play for as long as it stays above its long-term average. Also on the show, Dan Keady, chief financial planner at TIAA, discusses volatility, Mark Hamrick of Bankrate.com covers a survey on how Americans don't expect their finances to improve this year, and Brock Moseley of Miracle Mile Advisors talks ETFs in the Market Call.

Alan Levenson, chief U.S. economist at T. Rowe Price & Associates, said in the Big Interview that while investors should not expect the big returns they have seen through much of the bull-market run, they also should not expect a recession. He noted that the poor end to 2018 was a downturn that occurred despite continued economic growth and said he does not expect market declines to be the dominant story for the year ahead. Also on the show, Greg McBride gives his take on the Fed meeting, Lauren Pearson and Jim Ewing of HighTower Advisors discuss better planning through technology, Mike Brown of LendEDU discusses complaints consumers have over cryptocurrencies and Garvin Jabusch of Green Alpha Advisors has the Market Call.

Charles Rotblut of AAII Journal made O'Reilly Automotive his 'Stock of the Week,' noting that the auo-parts supplier has outperformed 88 percent of all stocks over the last six months and saying that the momentum could easily propel the stock 20 percent higher in short order. Also on the show, author Conor Richardson of 'Millennial Money Makeover,' Ken Shreve of Investor's Business Daily looking at the market's technicals, and Patrick Healey of Caliber Financial Partners with the Market Call.