Money Life With Chuck Jaffe Daily Podcast

Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., says that while the stock market has done well at the index level — where a few big names carried the benchmarks to big years — the fuller story has been told at a lower level, where the market has had more struggles and there have been rolling recessions in various areas of the economy without triggering a full-blown, broad-based downturn. She says those conditions will persist for at least the first half of 2025, with the market continuing to roll on if earnings remain strong; to that end, she noted that the market's current expectations — calling for 14 percent earnings growth — seem high, which should make investors cautious at least until they see forward-looking estimates. Mark Gatto, co-founder and co-chief executive officer at CION Investment Group, says that global infrastructure spending estimated at as much as $3 trillion annually worldwide is creating an asset class that can overcome political challenges and that has signifi