Jurrien Timmer, director of global macro for Fidelity Investments, says that investors are betting that the current market can be a replay of 1994 -- when the Federal Reserve was raising interest rates to offset inflation and shooting for a proverbial soft landing -- which could mean a sideways path or a holding pattern while the central bank is tightening. Timmer says that while earnings are growing, the market can avoid a more significant downturn. David Trainer of New Constructs explores comp...
Apr 11, 2022•1 hr
Jeff Bishop of RagingBull.com says that gold is setting up on a technical basis for a strong rally over the next year. While gold is often used as a hedge against inflation -- and it has struggled in that role as inflation across the country has reached its highest levels in 40 years -- Bishop says it is currently poised to go "well above $2,000" in the next year. Bishop, who is not typically a gold bull, says that rising inflation and interest rates and other fundamental issues are combining wi...
Apr 08, 2022•58 min
Kathy Boyle, president of Chapin Hill Advisors, says she expects the stock market to go through a "very bad period" ahead, the result of a recession that she thinks is brewing right now, a hunch that is supported by an inverted yield curve, high inflation and other conditions. As a result, she says investors don't want to hold long-maturity bonds, and need to be careful about dividend-focused funds and broad market exposure. Also on the show, Tom Lydon of ETFTrends.com says that the JETS ETF has...
Apr 07, 2022•1 hr 1 min
Bryce Doty, senior portfolio manager at Sit Fixed Income, says that a miserable first quarter and the threat of more interest-rate hikes have bond investors feeling miserable, but he believes that the worst is over for bonds, noting that the rate hikes have already made it that investors can now generate at least a small amount of income from short-term bonds, something that wasn't possible at the start of the year. Doty says that he doesn't think the Federal Reserve will be able to take rates a...
Apr 06, 2022•1 hr
Chris Vermeulen, chief market strategist at The Technical Traders, says that 'the red flags are in the air that the market is ready to roll over,' and while he sees the current rally continuing for another month or two, any upward moves right now are setting up for a bear market, a downward move of more than 25 percent. "Somebody putting money into almost anything right now is carrying a ton of risk," Vermeulen says. "Everything is very overpriced." Also on the show, Chuck looks back at the comp...
Apr 05, 2022•1 hr 2 min
David Trainer, president at investment-research firm New Constructs, says that 80 percent of the Standard & Poor's 500 companies are overstating earnings, and he highlighted Illumina as topping the list, saying the company is overvalued as a result. The company is currently trading for about $350, but Trainer put it in "The Danger Zone" because it has an economic book value of "negative two dollars." Also on the show, Ron Ruffinott of Toluna discusses their recent survey showing that one-thi...
Apr 04, 2022•1 hr
Brad Lamensdorf, editor of the Lamensdorf Market-Timing Report and chief executive officer of Active Alts, says that investors can expect a lot of 'sub-surface volatility throughout the entire year," but all of that chop amounts to the market getting past the bigger-than-expected gains of 2020 and 2021. Lamensdorf says that most market sentiment gauges and indicators are negative but that is creating some pockets of opportunity, though they are hard to spot amid bear-market bounces. Also on the ...
Apr 01, 2022•59 min
Edward Yardeni, president and chief investment strategist at Yardeni Research, says that the current wage-price-rent spiral is likely to spur businesses to spend money to increase the productivity of workers. If that innovation and change occurs -- and Yardeni believes there will be a 'productivity boom' -- a decade that started out pretty badly could instead turn into the Roaring 2020s. Yardeni says that solid economic underpinning will make it that inflation and interest rate hikes will not tu...
Mar 31, 2022•1 hr
There is nothing about inflation hitting its highest levels in 40 years that makes anyone feel good, but Chuck looks beyond the big number to talk about the actual impact that higher prices are having on people, and concludes by noting that the costs and the choices inflation is creating are uncomfortable but manageable. As a result, while he understands the grumbles -- saying he complains himself every time he fills up his gas tank -- his bigger message remains that 'Higher inflation is not goi...
Mar 30, 2022•59 min
Matt Hougan, chief investment officer at Bitwise Asset Management, says that the cryptocurrency market's fear over regulation is misplaced, and while threats of regulation send the market into a tizzy, he thinks that worry is misplaced and directed toward heavy-handed regulatory efforts. He thinks the potential for regulation will turn from a headwind to a tailwind, because decentralized finance goes mainstream through regulatory guidance that makes consumers more comfortable with digital assets...
Mar 29, 2022•1 hr
David Trainer, founder and president of New Constructs, says that HubSpot is worth only about 15 percent of what its stock currently is trading for, and he's putting it in 'The Danger Zone' because it faces stiff competition in an industry that is being commoditized, leaving it littel room to grow profitably, let alone at the incredibly high valuation the market has given the stock for now. We've also got Mike Bailey of FBB Capital partners, back to discuss his new book 'Stop. Think. Invest: A B...
Mar 28, 2022•1 hr 1 min
Joe Kalish, chief global macro strategist at Ned Davis Research, says that longer-term inflation will be what determines whether the economy can continue to avoid a recession and the market can sidestep a protracted downturn. With that in mind, Kalish expects the Federal Reserve to raise rates repeatedly until it can be confident that inflation has peaked, is passing through temporary troubles and gets to long-term target levels at 2.1 percent. Kalish, says, though, that he believes that goal wi...
Mar 25, 2022•59 min
Hank Smith, head of investment strategy for The Haverford Trust Co., says that rising volatility and heightened uncertainty shouldn't push investors out of the market, because times like these prove the value of being fully invested in all conditions, and having money in the market whenever a bottom is reached. In the Market Call, Smith talks about how owning great companies with long histories of dividend payments creates the confidence to ride out tough times en route to long-term success. In ...
Mar 24, 2022•1 hr 2 min
Jeffrey Cleveland, chief economist at Payden and Rygel, says that he expects inflation to settle down and for the economy to reach full-employment levels by the end of the year, creating earnings and economic growth that sidesteps any potential recession. Cleveland expects the market to recover its early-year losses and show modest profits by the end of the year. Also on the show, Shelly-Ann Eweka of TIAA discusses survey results showing that women's finances in retirement make them much more fi...
Mar 23, 2022•58 min
Jeffrey Kleintop, chief global market strategist at Charles Schwab & Co., says that earnings will continue to power the stock market which he expects to overcome current concerns about high inflation and rising interest rates to finish the year with the kind of high single-digit gains he was expecting several months ago when he posted his annual outlook. Kleintop says he expects inflation to calm quickly enough that investors might forego the traditional hedges in favor of international inve...
Mar 22, 2022•59 min
Terri Spath, founder and chief investment officer at Zuma Wealth, says that stock market and economic conditions have her lightening up on technology stocks but adding to commodities, going up to her traditional limits on commodities because that's where managers can deliver a better return in markets currently affected by the war in Ukraine and more. Spath notes that she is moving away from bonds, most notably floating-rate bonds -- despite a rising-rate environment that has many experts expect...
Mar 21, 2022•1 hr
Matt Harris, chief investment officer at The Hausberg Group, says that it has been a market year of extremes, a polarizing year where the stock and bond markets have been oversold, gold has been overbought and investors and their emotions have been whipsawed by the moves. Yet he sees many of the factors creating those conditions as mitigating and calming down now, and as those factors stabilize he notes that things will get 'less bad,' which should be enough to keep the market on solid footing a...
Mar 18, 2022•1 hr
Craig Callahan, founder of ICON Advisers and author of a new book, 'Unloved Bull Markets,' says that investors who have relied heavily on price-earnings ratios to evaluate stocks have been fooled. He says that p/e ratios are 'totally worthless in predicting future returns, and notes that stocks were never overvalued in the long bull market run after the 2008 financial crisis, nor are they overvalued now, in a bull market that has only been stalled by current events. He adds that investors who fo...
Mar 17, 2022•1 hr
Michael Power, strategist at NinetyOne, says that investors might be tempted to run away from the market, but there is no real place to hide with high inflation and low yields making it that the traditional safe-havens are losing purchasing power. Power says that there is a possibility of recession arriving late last year or early in 2024, which makes diversification across asset types and around the globe prudent. Also on the show, Lou Harvey, president at DALBAR Inc., discusses the firm's rese...
Mar 16, 2022•1 hr
Meb Faber, co-founder and chief investment officer at Cambria Investments, says that investors aren't just dealing with headline issues of war, inflation and rising interest rates, but he notes that the market has turned to what he called an 'expensive downtrend,' which is historically a time when returns tend to be zero or negative. Faber says he worries that this could be a moment where investors could blink and turn around to say 'Wow, when did all of these stocks go down 75 percent.' He says...
Mar 15, 2022•58 min
George Kinder, president of The Kinder Institute of Life Planning -- generally recognized as the biggest moving force behind the life-planning approach to personal financial management -- says that investors need to look at where they can minimize risks in current conditions, but do that without blowing up financial plans because they are better off holding to their plans than changing them just because of current or even persistent economic and global events. Kinder says that the pandemic and o...
Mar 14, 2022•1 hr
Joe Terranova, chief market strategist at Virtus Investment Partners, says 'the enemy right now for investors in the market is time,' and understanding how to be patient, because the market's current troubles are masking economic strength and the likelihood of a U-shaped recovery. He expects that a record year for corporate buybacks and an investing public that is flush with cash should buffer the market against any prolonged downturn, creating a recovery for patient investors who ride it out. I...
Mar 11, 2022•59 min
Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Co., says that war, inflation and more are changing the narrative for the market, but mostly for the short term. He still believes the domestic stock market is positioned to outperform later this year and into 2023 as the strong economy is able to flex its muscle and have influence that overcomes the headlines. He suggests looking for companies in areas that are becoming undervalued now, like small-cap stocks. A...
Mar 10, 2022•1 hr 1 min
Ed Carson, news editor at Investor's Business Daily says that current conditions are worrisome enough that investors may not be able to adjust their attitudes quickly, as they do in more normal times. Discussing the IBD/TIPP Economic Optimism Index, Carson discusses how the big decline this month was caused by gas prices as much or more than by war in Ukraine, but he notes that given how fast prices have risen at the pump, the decline in confidence may just be getting started. Also on the show, ...
Mar 09, 2022•1 hr
Stephen Dover, chief market strategist at Franklin Templeton Investments, says that the experts have been off the mark in forecasting how the market would respond to the war in Ukraine, to rising inflation and more, which has him focusing on individual stocks and their fundamentals rather than letting the macro-economic outlook determine investment positions. Turning to the market's technicals, Michael Kahn, senior market analyst at Lowry Research Corp., says the current decline is not yet a buy...
Mar 08, 2022•58 min
Jeff Weniger, head of equity strategy at WisdomTree Asset Management, says he expects unemployment to drop potentially below the 3 percent level -- which is better than so-called 'full employment' -- which takes 'the stag' out of stagflation possibilities. With the jobs market not being stagnant, Weniger says the economy can power through rising inflation and interest-rate concerns to keep moving forward, even if consumers and investors suffer some discomfort along the way. Also on the show, Dav...
Mar 07, 2022•59 min
Katie Stockton, founder at Fairlead Strategies, says the market appears to be in a long-term trading range for 2022, not because of the geopolitical concerns over war in Ukraine or the worrisome inflation numbers or pressure on interest rates at home, but instead based on technical reasons which show that the major indexes have lost upside momentum and will struggle to get it back. In the Big Interview, Scott Knapp, chief market strategist for CUNA Mutual Group, says that the conflict in Ukraine...
Mar 04, 2022•1 hr
Greg Valliere, chief U.S. policy strategist at AGF Investments, says that several interest rate hikes will not sour the economy now, so that if the Federal Reserve doesn't go too far on tightening, there's no reason for a recession. Valliere says that he does expect more recession concerns at the start of 2023, as the economy digests the protracted impact of not just rate hikes but inflation, waning economic stimulus and the offshoots of the war in Ukraine. Also on the show, Tom Lydon of ETFTren...
Mar 03, 2022•59 min
Mark Luschini, chief investment strategist for Janney Montgomery Scott, says that the market is working its way through a correction -- troubles exacerbated by the war in Ukraine -- but that hasn't dampened the economic underpinnings or deflated the spending desires of consumers, which should help growth in corporate earnings pick up and push the market higher later this year, leading to 'pretty flattering returns for investors' this year. Likewise, Brian Dress of Left Brain Investment Research ...
Mar 02, 2022•58 min
Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors, says that the war in Ukraine has become integrated along with other concerns -- most notably heightened inflation -- which may not stop the Federal Reserve from going ahead with planned interest rate hikes this month, but make it likely that any rate moves will be smaller and more controlled. Mish Schneider, director of trading education at MarketGauge.com says that while the stock market has been volatile throughout the...
Mar 01, 2022•1 hr 1 min
