Money Life With Chuck Jaffe Daily Podcast

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. 

Jonathan Clements, editor of HumbleDollar.com, talked about the lessons he has learned from the five market crashes he has lived through, most notably the 30-year crash in Japan that forever changed how he invests so that no matter what the next big downturn looks like, he is prepared to get through it. Also on the show, Ruth Gretz and Peter Lang of HighTower Advisors discuss the importance of correctly setting up beneficiary designations, Mike Foy of J.D. Power discusses his firm's most recent survey of self-directed investors, and James Abate of the Centre Funds talks infrastructure stocks in the Market Call

Bill Stone, chiefinvestment officer at Avalon Advisors in Houston, said that the frothy sentiment visible on the market now makes a decline seem likely in the near term, but noted that there is plenty of reason for longer-term optimism, including that earnings globally will begin to pick up. Also on the show, author Hugo Munier discusses his months spent as a WalMart employee, Amanda Dixon of Bankrate.com discusses how finances are changing the dating world, and Chuck answers a question on paying down credit-card debt

David Trainer of New Constructs warned in the Danger Zone segment that investors who rely on enterprise value-to-EBITDA as a measure of how cheap a stock is can be easily mislead, and he used ADT Corp. as an example, showing how the stock looks cheap but is actually overpriced. He also showed that Kilberly Clark had the opposite situation, with ratios suggesting it was overpriced but underlying fundamentals that make it cheap. Also on the show, Kelly Anne Smith on BankRate.com's latest survey, Sal Gilbertie of Teucrium Trading talking commodity investing, and John Barr of Needham Growth Fund with the Market Call.  

Chris Maxey, director of research at Bronfman Rothschild, said that everything on the stock market looks to have moved back toward average, to where the market is neither over- nor under-valued, making it a good time for investors to rebalance portfolios back to target allocations, and to temper their expectations until it shows more strength or weakness later this year. Also on the show, Chris Horymski of MagnifyMoney.com talks about the record credit-card debt in America, Chuck answers an audience question about a Twitter campaign that has been smearing him, and, in a rebroadcast, Bob Auer of the Auer Growth Fund has the Market Call.

Brian Frank, manager of the Frank Value Fund, said in the Market Call that the market decline of last year barely registered on stock valuations -- it only moved one security to where he would buy it using his absolute-value methodology -- and that the pricing and profits picture will have to change before there's real value for sale in the market. Frank's fund -- which topped the performance charts for his peer group during the late-2018 decline -- is roughly 80 percent in cash. Also on the show, Tom Lydon of ETFTrends.com makes a commodity ETF his 'ETF of the Week,' Glenn Williams of Primerica discusses his company's latest survey of investors, and Kim Catechis of Martin Currie talks emerging-markets investing.

Lou Harvey, president of Dalbar Inc. discussed his firm's latest survey showing that the moves investors make ultimately put them behind the market and the funds they own, noting that the problem was particularly acute in 2018 when a market downturn shaved more than 4 percent off the Standard and Poor's 500 but took more than twice that amount out of the portfolio of the average investor who made moves hoping to avoid potential losses. Also on the show, Peter Lang and Jeffrey Corliss of HighTower Advisors discuss longevity planning and financial stress tests, Eric Satz of AltoIRA discusses the use of alternative investments in retirement-savings vehicles, and Stuart Ritter of T. Rowe Price covers the surprising savings habits of gig-economy workers.

Jeffrey Hirsch, editor of the Stock Trader's Almanac, said he is bullish for the remainder of 2019, despite believing the market is due for a brief correction. With no major downturn in the offing this year, Hirsch said he would wait through the downturn he sees coming late in the third quarter and to expect a fourth-quarter rally. While he expects that late ounce to be a buying opportunity, Hirsch warned that election years have become market battlegrounds, so 2020 could be where the market gets ugly. Also on the shhow, Keshav Rajagopalan of PGIM Investments talks active ETFs, David Kushner discusses his fascinating new book 'The Player's Ball,' and John Bartlett of Reaves Asset Management discusses energy and utility stocks.

Tom McInyre, president of McIntyre, Freedman and Flynn, said in the Market Call that the market is set up for a mixed bag of results in the just-started earnings season, an environment that she thinks will create the chance for opportunistic buying, especially in the energy sector. Also on the show, Chuck talks financial literacy and education with Brian Portnoy of Magnetar Capital, Sam McBride of New Constructs puts a popular stock in the Danger Zone, and Chuck covers the latest Weird Financial News.

William Delwiche, investment strategist at Baird, said that technical analysis shows slowing action and suffering small-cap stocks even as the market itself nears new highs. He said if the market can't break through to new highs and confirm the bull market, it would raise a red flag that he expects would lead to a temporary setback. Also on the show, Ben Phillips of EventShares discusses investing based on government policies, Mark Hamrick of BankRate.com discusses the outlook around today's jobs report, and Simon Lack of the American Energy Independence fund talks energy stocks in the Market Call.

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.