Tom Lydon, chief executive officer at ETFTrends.com, says that the ProShares Bitcoin Strategy ETF launched this week will be one of the biggest new ETF launches of all time and is worth the hype, even though the fund is built around bitcoin futures rather than tied directly to the cryptocurrency. Lydon explains how the new fund works and the prospects for new and different crypto funds coming out of the registration pipeline soon. Also on the show, author Becky Hall discusses 'The Art of Enough' and building a balanced life, LendingTree's chief credit analyst, Matt Schulz, discusses their latest take on retail credit cards and why consumers will sign up for less of them this year and what they will do instead, and Darren Chervitz, manager, of the Jacob Discovery Fund, talks bottoms-up, growth-oriented stock-picking in the Market Call.

Money Life with Chuck Jaffe

Is the first bitcoin-linked ETF worth buying? Tom Lydon says yes

Marshall Stocker, co-director of the emerging market team for Eaton Vance Management, says that in the face of global inflation and a waning pandemic, emerging markets countries are addressing issues in a more conventional or orthodox manner than developed countries, which he sees as bullish as it should help those countries to sidestep the fallout from a decade of zero-rate policies from the last decade. It has emerging markets, Stocker says, looking much more like a traditional asset class and less like a volatile new frontier than ever before. In another Big Interview, Gregg Fisher, portfolio manager, Quent Capital discusses global small-cap investing and the growing opportunities he sees in nascent companies. There are also two different surveys discussed on today's show, first with Eric Wagatha, head of consumer life for GfK discussing how Americans are putting off major life decisions post-pandemic, and then with Michelle Delgado of Clever Real Estate on how the housing market is so hot that even haunted houses are moving, and how homebuyers find a lot of things to be more frightening than ghosts.

Eaton Vance's Stocker: Emerging markets look, act like developed countries

Willie Delwiche, investment strategist for All Star Charts, says that the messy, sloppy range-bound market that we've seen since February is going to continue sideways for a while but ultimately will resolve itself to the upside, confirming a consolidation that is healthy for the long term. Delwiche believes the next rally will be led by different types of stocks -- financials instead of tech stocks, mid- and small-caps instead of large-caps -- plus commodities and more. Also on the show, Amy Arnott of Morningstar discusses the firm's annual 'Mind the Gap' research showing how badly investors perform relative to the mutual funds they are buying, John Cole Scott of Closed-End Fund Advisors helps Chuck answer some questions that dig into the inside baseball of closed-end investing, and Ed Slott of IRAhelp.com gives his tax tips on moves investors might want to make before the year ends.

All Star Charts' Delwiche: 'Sloppy' range-bound market should resolve higher

Jared Bibler, author of 'Iceland's Secret: The Untold Story of the World's Biggest Con' discusses the collapse of the frontier market's economy and market in 2008, a chapter in financial history largely unnoticed in the US because America was going through its own financial crisis, caused by the collapse of Lehman Brothers. Bibler notes that the three Icelandic banks that imploded at that time were -- to the small country's economy -- ' the size of 300 Lehman Brothers' representing about 90 percent of Iceland's stock market as a result of stock buy-backs that are similar-yet-different to the ones Americans see happening domestically every day. Also on the show, Ted Pulsifer discusses a Piplsay.com study on how buy-now/pay-later programs are becoming increasingly popular, which may also be making them financially hazardous, investment analyst Kyle Guske of New Constructs puts a mutual fund in 'the Danger Zone," and Chuck discusses the latest twist in his annual 'Cash or candy' Halloween experiment.

World's biggest market collapse hinged on stock buybacks

Market strategist Larry McDonald, creator of The Bear Traps Report, says that with inflation holding at a higher trajectory than the last 10 years, investors need to move away from growth stocks and head towards commodities and hard-asset companies plus value stocks moving forward. In another Big Interview segment, real estate expert Brian Icenhower of Icenhower Coaching and Consulting says the nation isn't facing a housing bubble -- which will burst and dissipate -- so much as a housing crisis, that will dramatically impact home prices for the foreseeable future. Also on the show, investment strategist Matt Harris of Aperture Research Partners talks technical analysis and the current range-bound market, and Sam Brothwell of Energy Income Partners discusses energy infrastructure investing and why renewable energy doesn't make legacy energy stocks a bad investment.

'You want to be long a totally different portfolio' in the coming decade

Veteran journalist and market observer Herb Greenberg -- now senior editor at Empire Financial Research -- says that investors have a distorted view about returns, fueled by the market's post-pandemic rise, that has resulted in a loss of selling discipline. 'Everybody thinks they are entitled to these gazillion percent returns,' he says, and they have lost sight of what it means to have a 'good investment.' As a result, he fears that 'A lot of people will learn a very hard lesson who probably can't afford to learn that lesson.' Also on the show, Tom Lydon, of ETFTrends.com names an entire suite of funds that are built to give investors more control his 'ETF of the Week,' and Gary Black of The Future Fund Active ETF talks Tesla and other game-changing stocks in the Market Call.

Herb Greenberg: Investors must change their expectations

Giles Coghlan, chief currency analyst at HYCM, says that bond rates have been moving higher because investors expect central banks to raise interest rates as a response to inflation. He worries, however, that the central banks are ill-equipped to combat inflation caused by supply-chain problems rather than inflation as an offshoot of a normal economic cycle. That could create stagflation, a situation when inflation is high while growth is low, which would be bad for the global economy. Also on the show, Noland Langford, chief executive officer at Left Brain Investment Research talks about energy as an income play and identifies a stock, bond, preferred stock and ETF worthy of consideration, Chance Finucane of Oxbow Advisors discusses stocks in the Market Call, and Chuck pays tribute to his friend -- and our guest at the end of every quarter -- Michael Falk.

HYCM's Coghlan: Inflation could keep rising because it's a supply-chain issue

Warren Pierson, deputy chief investment officer for the Baird Funds, says that while the Federal Reserve initially suggested that 'transitory' inflation would be here for a matter of months, it's now a much longer definition as the pace of recovery is slower than expected. Still, Pierson says that inflation will abate and eventually give the Fed what it has been hoping for, a level slightly north of 2 percent. Pierson also gives his outlook for fixed income -- covering virtually every bond type from mortgage-backed securities to junk bonds -- in a wide-ranging chat. In the Book Interview, author Eswar Prasad discusses 'The Future of Money,' and his expectation that the world will become a cashless society sooner than later, but not necessarily in ways that cryptocurrency experts expect. Also on the show, Jill Gonzalez of WalletHub.com talks about a survey showing that more than 40 percent of consumers would pay more for flights and/or hotels that only allowed customers vaccinated against Covid-19, and John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance helps Chuck answer a listener's question about whether closed-end funds are appropriate for younger investors and taxable accounts.

'Transitory' will be here for awhile, ending with inflation above 2 percent

Michael Kelly, global head of multi-asset at PineBridge Investments, says that the global economic recovery has changed its shape -- going from the V-recovery that many people hoped for -- to something more gradual but longer-lasting, largely following the path of vaccination around the world. Kelly also discusses how he is responding to the challenges of a low-yield/rising-inflation fixed-income market. Also on the show, David Trainer of New Constructs identifies five companies that he expects to have big misses in the upcoming earnings season, Doug Milnes, head of data analysis at MoneyGeek.com, discusses some of the dichotomies between consumer optimism and behavior, and top-down investor/trader Leon Wilfan talks stocks in the Market Call.

PineBridge's Kelly: 'Where the vaccine goes, recovery follows'

Everett Millman, precious metals specialist at Gainesville Coins, says that while investors traditionally turn to gold to act as a hedge against inflation, precious metals haven't been as good of a hedge as stocks and other assets. Millman says the market seems to be buying the narrative that inflation is transitory, noting that money has been flowing out of precious metals at a time when most people would expect demand to be high; it has also limited gold's effectiveness in these inflationary, rising-rate times. In The NAVigator segment, Eric Chadwick, president at Flaherty & Crumrine, says that preferred securities are the 'sweet spot' in this market, offering relatively attractive yields without adding significant risk to a portfolio. Also on the show, Catherine Golladay discusses how workers are more stressed about their finances now, but also more optimistic that they are moving in the right directions, and the Market Call is a rebroadcast of a recent chat with Nancy Tengler, chief investment strategist at  Laffer Tengler Wealth Management.

Gold hasn't been doing a great job as an inflation hedge

Historian Kyle Harper, author of 'Plagues Upon the Earth; Disease and the Course of Human History,' says in the Book Interview today that the coronavirus is just the latest worldwide disease phenomenon and that those past events have spurred positives like developments and negatives like inequality. He discusses the outcomes from history and how current events will impact society and the markets for years. Also on the show, Tom Lydon of ETFTrends.com makes a brand new fund with an eye on frontier markets his ETF of the Week, Bruce Monrad of Northeast Investors Trust talks the bond market and the hunt for yield in a rising rate/inflation market, and Chuck answers a listener's question about dividend investing.

Covid is following the time-worn path of past plagues

Joseph Brusuelas, chief economist at RSM, says that the economy has turned the corner from recovery to expansion, and says that concerns over slowing growth miss the point that growth rates will continue to be well above historic rates. Brusuelas says that the Delta variant and its ability to disrupt global supply chains remains the biggest worry for the global economy moving forward, but he notes that he expects talk of inflation and supply chain issues to subside by early 2022; meanwhile, he expects the economy to be growing at a 5 percent clip in the second half of the year, more than double historic norms, meaning that any slowdown is mostly about changing the shape and duration of the rebound, not ending it. Also on the show, Ryan Kelley, chief investment officer at the Hennessy Funds, talks about investing in the utilities and energy sector at a time when prices have been popping as demand rebounds, and Chuck talks about determining who you can trust for your financial advice.

RSM's Brusuelas: 'We're no longer in recovery, the economy is expanding'

Chris Vermeulen, chief market strategist for The Technical Traders, says the market's frothy September has pushed it to where he's headed for cash, at least for the short term, avoiding what he thinks will be a short downturn leading into a sideways market and ultimately a buying opportunity, as he expects the market to rebound into a strong bull run that could last six to eight months. At that point, however, Vermeulen says the market's years-long rally could be running out of steam and on its last legs. Also on the show, David Meyer, president of the Public Investors Advocate Bar Association talks about why consumers are never paid in 30 percent of the arbitration victories against rogue brokers, Washington Post columnist Allan Sloan discusses the debt-ceiling debate's negative impact on the bond market and borrowing -- even if it ultimately gets passed -- and Chuck answers listener questions about gold and bitcoin, and selling stocks.

TechTraders' Vermeulen: Go to cash now, ready to buy later

Syed Ejaz, financial policy analyst for Consumer Reports, joins Chuck to talk about the magazine's report released last week which showed that popular apps providing access to credit scores may not offer all of the benefits users expect and come burdened with hidden costs. Ejaz says that, aside from some measure of convenience, consumers would mostly be better off keeping tabs on their credit reports and credit scores on their own. Also on the show, author Dorie Clark, talks about 'The Long Game: How to Be a Long-Term Thinker in a Short-Term World,' David Trainer of New Constructs says a very hot stock is headed for trouble and belongs in the Danger Zone, and Justin Carbonneau, vice president and partner at Validea.com and Validea Capital Management, @jjcarbonneau

Credit-score apps are more costly and risky than they seem

Julius de Kempenaer, senior technical analyst at StockCharts, says that the long-term trend for the stock market and for nearly every sector still looks strong, but he says the relationship between stocks and bonds needs fixing, which is why he expects a technical correction to give the market some time to breathe and digest the action of the last two years. De Kempenaer expects limited upside potential for a while, but says the downside could be a long slow sideways move or a steeper-but-shorter downturn. Also on the show, Bryce Doty of Sit Investment Associates says that a diversified portfolio of closed-end funds can make it possible to safely stretch for more yield, financial planner and blogger Jessica Weaver discusses how wasted time may actually be the biggest  money loser for most people, and Gerry Frigon of Taylor Frigon Capital Management talks growth stocks in the Market Call.

Long-term trends are good, but 'technical correction' is in the offing

Money Life with Chuck Jaffe is leading the way in business and financial radio. The Money Life Podcast is a daily personal finance talk show, Monday through Friday sorting through the financial clutter every day to bring you the information you need to lead the MoneyLife.

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Money Life with Chuck Jaffe

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