Money Life With Chuck Jaffe Daily Podcast

Darren Kottle, manager of the Catalyst Multi-Strategy Fund, said in the Market Call that investors need to expect higher levels of volatility and lower overall market returns because the market has turned a corner, not ending its bull run but heading into a changing environment. Also, Brad Lamensdorf of the Lamensdorf Market Timing Report said that if the Standard and Poor's 500 can't hold the 2,600 level, it is looking at a 10 percent drop before it will turn around and start any sort of recovery, Deborah

David Trainer, president at New Constructs, continued to deconstruct popular investment metrics in the Danger Zone today, this time singling out accounting book value as not presenting a true picture. He noted a few stocks -- like Allergan and Qualcomm -- where the valuations mislead investors into thinking there is trouble ahead or good times on the horizon when the underlying numbers suggest the opposite. Also on the show, Chuck gives another of his tips for financial chores to do before the year ahead, S

Buck Klintworth, portfolio manager at Chase investment Counsel, said that the market's recent attempts to rally feel more like the last gasps of a dying bull market than true attempts to advance because the market's technicals won't support a sustained push back to highs. Moreover, he said investors should expect that Santa Claus isn't coming to town to rally for more than a day this year, and that there will be more sell-offs before any real rebound. Also on the show, author Danny Iny discusses the real va

Crit Thomas, global market strategist at Touchstone Investments, suggested that investors rebalance their portfolio and add exposure to emerging markets as they look ahead to 2019 and beyond, an environment where returns on domestic stocks are likely to be muted compared to the last decade. Thomas also noted that the yield curve is likely to invert at this point, but said that should not sour investors on the market, as that won't lead to recession or downturn immediately. Also on the show, Tom Lydon of ETF

Lawrence McDonald of the Bear Traps Report, said that the forecasting community seems to be changing its expectation of how the Federal Reserve is going to handle interest rates, and believes that is because the Fed is starting to show signs that it will not hike rates as high or as far as most experts have expected. That should be good news for the economy and markets, but McDonald expects muted domestic returns and suggested overweighting emerging markets to take advantage of what's next. Also on the show

Jerry Parker, head of Chesapeake Capital Management and co-manager of the Equinox Chesapeake Strategy fund, said that even with increased volatility, investors should be looking to follow trends with their stock purchases, and noted that household and brand-name stocks like WalMart, Starbucks, Coke and Pepsi are worth buying right now. Also on the show, Charles Rotblut of AAII Journal recommends selling Texas Roadhouse, Michael Doshier of Franklin Templeton discusses changes to the retirement-savings landsc

Neel Mukherjee, head of portfolio strategy for the chief investment office at Merrill Lynch Wealth Management, said investors have no reason to be freaked out by the return of volatility to the market, and said he expects the market to head back up but for returns to be muted in 2019. That said, he did say that despite the rising interest-rate environment, returns on stocks are likely to be worth taking for the extra return they will deliver over even the enhanced bond yields. Also on the show, Rick Redding

Alan McKnight, chief investment officer at Regions Asset Management said that investors should be planning to stay the course because the market is not being whipsawed and changed as much as many nervous people think. McKnight said that investors should re-tool their expectations for 2019-20, but not thinking they are getting defensive because a recession is coming in that time. Also on the show, Jeffrey Hirsch of the Stock Trader's Almanac said he is expecting a Santa Claus rally, David Du Val of TaxAudit.

Jason Thomas, chief economist at AssetMark said the investors have good reason to be nervous now -- though he conceded they should always be a bit anxious regardless of market conditions -- he does not see a recession in the offing next year and probably not in 2020 either. Thus, while a bear market certainly is possible, he warned against making big allocation changes based on current headlines. Also ont he show, Tom Lydon of ETFTrends.com highlights a China fund as his 'ETF of the Week,,' Chuck takes yet

Sam Stovall, chief investment strategist at CFRA said that earnings and inflation are implying that 2019 could be a good year, but that because of an 'earnings-peak environment,' investors should adjust their expectations to something in the low-to-mid single-digit range for 2019. By comparison, in the day's other Big Interview, Craig Callahan of ICON Advisors and the ICON Funds said that, based on valuations, the market is about to end its 'temporary setback' and should be up five to 10 percent a year fro

Cliff Hodge, director of investments at Cornerstone Wealth said that the recession indicators he follows are not flashing warning signs yet, noting that the yield curve, consumer confidence and wage inflation are all below the tipping point that says trouble is coming soon, even as the market environment is changing and slowing. Also, Charles Rotblut of AAII Journal makes a brand-name oil cmopany with a big yield his 'Stock of the Week,' Meg Vorhes discusses trends in sustainable and social investing, and K

Kristina Hooper, global investment strategist at Invesco, said that Fed tightening and trade wars have put investors into more dangerous territory, and yet she does not expect a dramatic drop in the market but instead sees more volatility, and particularly downward momentum and spikes occurring despite economic expansion and a strong fundamental environment. Also, David Trainer of New Constructs heaps shame on investors who have ventured into the Danger Zone, Omar Aguilar of Charles Schwab Investment Manage

Tom Lydon of ETFTrends.com made the Invesco Standard and Poor's 500 Low Volatility ETF his 'ETF of the Week,' noting among many reasons that it is a good hedge against future volatility for investors who found October particularly uncomfortable. Also on the show, Simeon Hyman of ProShares talks retails stocks, Adam Falcon of Princeton Asset Management dicusses the bond market, Adrian Garcia evaluates BankRate.com's latest survey on holiday giving, and Gerry Frigon of Taylor Frigon Capital Management says th

David Molnar, Joseph Klein and Patrick Fruzzetti of HighTower Advisors agreed during the Collective Wisdom segment that while the market has been slowing and has signaled some rough times ahead, they see domestic markets more as a buying opportunity right now than as something that has fallen without immediate prospects for getting up. While they cited different economic underpinnings, all noted that the numbers remain favorable, even if they are not quite as good as in the recent past. Also, Brett Arends d

Jim Kee, chief economist at South Texas Money Management, said he believes the economy can avoid any sort of recession induced by the actions of the Federal Reserve through next year, but noted that geopolitical strife is a wildcard that could create trouble if it stunts growth and business spending. Also, Charles Rotblut makes a former 'Sell of the Week' his 'Stock of the Week,' Jeffrey DeMaso of Adviser Investments discusses Vanguard's fee cut, a response to recent moves from Fidelity Investments, and Eri

Sandy Rufenacht, co-manager of the Aquila Three Peaks High Income and Growth Opportunity funds, said that investors need to be balancing their desire to buy low and to take advantage of the market's recent downturn against a changing landscape of market opportunities, noting that there is a hiehgtened sense of potential trouble for the market now. Also, Nate Clements of MagnifyMoney.com discusses a study showing when certificates of deposit are a better bet than stocks, David Trainer of New Constructs puts

Adam Grimes of Talon Advisors said that the type of volatility we have seen recently has always presaged a bear market in the past, and while he isn't expecting a downturn until after at least six months of complacency -- and potentially one more round of market highs -- he believes investors should start thinking defensively and should take any market increase as a chance to take profits. Also, Lindsey Bell of CFRA Research was sounding bearish, noting that there is a good chance that Santa Claus won't be

Jonathan Clements, editor of HumbleDollar.com discussed the FIRE movement -- Financial Independence/Retire Early -- and said that detractors and naysayers are missing the point that efforts to save aggressively while young always pay off, so encouraging the ideas without necessarily embracing them all is good for everyone. Also, Tom Lydon makes a Warren Buffett-like ETF his 'ETF of the Week,' Greg McBride of BankRate.com discusses record high ATM fees and other heavy banking costs, and we rebroadcast a rece

Sam Stewart, founder of the Wasatch Funds, now with Seven Canyon Advisors said that for all of the market's volatility and histrionics in October, it was simple business as usual, and that we're now living in a Goldilocks situation with the Federal reserve trying to get interest rates just right to avoid making the market too volatile in response. Also on the show, Jimmy Hausberg and Michael Sheldon of HighTower Advisors discuss the factors that go into their equity decisions, author Thomas Oppong talks abo

Three years ago, Charles Rotblut of AAII Journal made Deckers Outdoor Corp.his 'Stock of the Week,' three years after the last time he featured the stock. In that time, DECK is up 190 percent, and Rotblut said in spite of that increase, he sees room for the stock to gain another 15 to 20 percent from here. Also on the show, author Haleh Moddasser talking gray divorce, Andrew Moore-Crispin of Ting on how 2018 will be the holidays with a price-check, and a rebroadcast of a recent Market Call interview with Bi