Money Life With Chuck Jaffe Daily Podcast

Charlie Bobrinskoy, vice chairman of Ariel Investments, said in the Market Call that the stock market is acting like there is real trouble ahead, and it is turning a lot of names into bargains. He suggested buying stocks that are somewhat tied to the economy -- meaning their values have been shaken -- but with good long-term prospects that you can ride out any downturn or recession with. Also ont he show, Chuck finishes his list of five tasks to complete before the new year starts, Keith Bernhardt of Fideli

Dan Zanger of ChartPattern.com said that the stock market is entering bear-market terriotry and that he will be staying on the sidelines in cash at least until earnings season, noting that without a Santa Claus rally and with limited January effect, the market's volatility will make it too tough to trade well at least until the next round of earnings releases. Meanwhile, Kevin Mahn of Hennion and Walsh is taking a very different approach, saying that the market has overvalued headwinds and undervalued the t

Tom Lydon of ETFTrends.com made Aberdeen Standard Physical Palladium Shares his ETF of the Week, noting that it is trending -- above its 200-day moving average -- at a time when most investments have been hurting, and that it expands the alternative holdings in an investor's portfolio. Also, Chuck talks about how he set's goals for the New Year, Joe Boroff discusses Fidelity Investment's 10th annual Financial Resolutions Survey, and David Snowball of MutualFundObserver.com has the Market Call.

Frank Holmes, chief executive officer at U.S. Global Investors said his funds are currently 20 percent in cash and getting more defensive because he does not believe the economy and stock market can manage any sort of meaningful turnaround until trade and tariff battles have ended and the Federal Reserve signals an end to the rate-hike cycle. Also on the show, Laurie Kamhi, Richard Flahive and Jake Falcon of HighTower Advisors discuss appropriate goals for 2019, Joe Whitchurch of Creditwise talks about prot

Michael Power, strategist at Investec, said that China is changing from a production-based economy and market to one that is driven by the consumer, and he said the growing consumer class there will drive economic growth worldwide for the future. In the short run, however, Power is expecting a 'rollicking' market in the first half of 2019. Also on the show, Charles Rotblut of AAII Journal has his final 'Stock of the Week' pick for 2018, and Jason Browne of the FundX Investment Group has the Market Call.

Scott Wren, senior global market strategist for the Wells Fargo Investment Institute said he expects the Standard and Poor's 500 to gain roughly 10 percent in 2019, though he warned investors to underweight utilities, real estate, energy and communications services sectors. Also on the show, David Trainer of New Constructs talked about two high-flying stocks in the 'Danger Zone,' Chuck talked about an insurance check-up in his tips for the year ahead and Matt Hanna, portfolio manager at Summit Global Invest

Jeff Bishop, co-founder of RagingBull.com said that the market is experiencing 'broken technicals,' patterns that have made it hard on traders amid heightened volatility. He suggested cutting back on trade sizes and setting looser stops as ways to deal with the increased turmoil. William Delwice, investment strategist at Baird also talked about technicals, saying he expects the market to experience another bounce down, though not necessarily until after a small Santa Claus and/or year-end rally. David Wrigh

Markus Schomer, chief economist at PineBridge Investments said investors should expect just two rate hikes from the Federal Reserve next year and 2 percent economic growth, keeping domestic stocks the place to be, goosed with some exposure to emerging markets. Schomer noted that the market is not so much poised for either a rebound or a fall as it is for muddling along. Also on the show, Tom Lydon with the ETF of the Week, a rebroadcast of a recent interview with Buck Klintworth of Chase Investment Counsel

During 'Collective Wisdom' from HighTower Advisors, Jake Falcon of Falcon Wealth Advisors said he would avoid the FANG stocks for 2019 but noted that he likes consumer discretionary, financial and health-care issues for the year ahead. Meanwhile, his HighTower partner, Ed Terwiliger of the Nulman Group likes the looks of telecom and engineering stocks and says he will avoid companies with large capital expenditures that will be facing tougher financing in a rising-rate environment. Also on the show, Chuck g

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