Money Life with Chuck Jaffe

College professor Emily Gallagher discusses her recent research looking at the amount of emergency savings that appears sufficient to allow individuals to overcome standard emergencies and avoid falling into significant financial distress, disclosing just how much to keep on hand. Also, Chuck talks with Tom Lydon of ETFTrends.com about a housing fund, covers the best mortgage lenders with Gina Pogol of HSH.com, and talks stocks in the Market Call with Leon Wilfan of Lahardan Financial.

Matt Harris, head of investment strategy at HighTower Wealth Management, says that while people are nervous about economic, market and political headlines, that's not showing up in how they act as measured by technical analysis. Harris says that indicators like breadth, the spread of companies rising and falling and more are not typical of a market top or indicating a price drop over the next few months. Also on the show, Chuck talks with author Devon Powers about the business of forecasting the future, discusses Halloween spending with Matt Schulz of CompareCards.com, and revisits his recent chat with Nobel Prize-winning economist Robert Shiller.

Lawrence McMillan, head of McMillan Analysis, said that the current range-bound market has indicators that can work for short-term trades, but nothing that really allows him to look out more than a few weeks. He is looking for the market to break through resistance at 2,993 on the Standard and Poor's 500 and hold beyond that level, but noted that if a rally falls short, the market could see a double- or triple-top, which is a sign of trouble ahead. Also on the show, Sylvia Jablonski of Direxion Investments says there is still growth left in the market and she highlights good ideas for trading in a sideways market, Mike Brown of Lendedu highlights the huge amount newlyweds paid to hold their wedding, and we revisit a recent Market Call with Ed Shill of QCI Asset Management.

Aaron Glantz, author of the new book 'Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream," discusses how a story looking at the financial crisis of 2008 led to massive profits for several leading players,including members of the current administration in Washington. Also, Catherine Collinson of the Transamerica Center for Retirement Studies talks about why employers don't believe their workers are ready for retirement, David Trainer of New Constructs talks about the danger of believing ordinary earnings reports and Bill Matson of Oyster River Financial covers data-driven investing in the Market Call.

John Blank, chief equity strategist and chief economist at Zacks Investment Research, gives a compelling look at what he believes are key numbers to draw the conclusion that investors won't have to worry about a recession in the United States for at least a year and more likely into 2021 and beyond. With little to no growth around the world right now, Blank suggests that investors -- especially those with shorter time horizons -- focus more on domestic stocks because despite a slowing economy the best growth opportunities remain here. Also ont he show, Patrick Shaddow of S-Network Global Indexes talks about ETFs made up entirely of closed-end funds, Toni Turner of Trendstar Trading Group discusses the market's potential to reach a triple top, which is a technical indicator of trouble ahead, and Manny Weintraub of Integre Asset Management covers growth-at-a-reasonable price stocks in the Market Call.

Bernie Horn, portfolio manager at Polaris Global Value, says that while the U.S. stocks have sharply outperformed international stocks since the financial crisis of 2008, the situation has now gotten to where foreign valuations are increasingly attractive, and he noted that if you can find the right valuations in businesses that are able to grow cash-flow over time, the stock should ultimately pay off no matter where in the world it is based. Also on the show, Tom Lydon of ETFTrends.com makes an actively managed municipal bond fund his ETF of the Week, Pat Rowan of TIAA discusses Americans' confidence in retirement, and Craig Curlop of biggerpockets.com talks about his new book on 'house-hacking,' a strategy where you buy multi-unit properties, live in one unit and rent the others, uing the rent to pay your mortgage and effectively letting you live without having to make a monthly housing payment of your own.

Chuck talks about the twist he is putting in place for his annual 'trade or treat' Halloween tradition that lets children choose between money and candy while learning about risk, return, rewards and more every year. He's hoping you will come up with your own twist on cash or candy this year. Also, Ray Baraldi and Richard Flahive of HighTower Advisors discuss real assets' role in a portfolio during volatile times, Terry Jones of Investor's Business Daily covers the latest IBD Investor Optimism Index and Trip Miller of Gullane Capital Partners covers value investing in the Market Call.

Nobel Prize winning economist Robert Shiller joins Chuck to discuss his new book on 'narrative economics' and notes that the current narratives generating viral stories and affecting the economy are the stories about trade and tariff wars and the future of free trade with China. Also on the show, Eleanor Laise of Kiplinger's Personal Finance discusses the importance of shopping around during the open enrollment period to see if you should change Medicare Plans, and Leah Bennett of Westwood Wealth Management talks quality socks in the #MoneyLifeMarketCall.

Tom Stringfellow, chief investment officer at Frost Investment Advisors, says that the current mix of good and bad news -- a 50-year-low in unemployment,impeachment headlines, interest rates and much more -- has confused investors and is pushing them some of them to seek shelter, making a mistake of not being fully invested at a time when the market continues going up despite all of the conflicting data and information. Also on the show, Greg Daco of Oxford Economics and the National Association for Business Economics, talks about the economist survey released today which shows that leading financial minds feel that recession isn't likely until late 2020 or beyond, David Trainer of New Constructs puts a pot stock in the Danger Zone, and Ben Johnson, director of ETF research, covers exchange-traded funds in the market Call.

Adam Grimes, president of Talon Advisors, said that while news headlines and market volatility might give investors pause for the near term, long-range investors should not be concerned about the market's technicals, and should view downturns cautiously as buying opportunities. He noted that when the market is range-bound -- as it has been -- but generally staying near the top level of the range, that typically bodes well going forward. Also on teh show, Kimberly Flynn of XA Investments talks about alternative investments available in closed-end funds in The NAVigator, Pat keon of Lipper at Refinitiv discusses why investors flooded junk-bond funds with money in recent weeks, and Brian Gahsman of the AlphaCentric Robotics and Automation fund has the Market Call.

Richard Sapertein, chief investment officer, Treasury Partners, gives a surprising take on how bond investors -- facing negative interest rates on international treasury securities and falling interest rates at home -- should actually extend maturities on the fixed-income instruments they are using, even though that could put them on the short end of the inverted yield curve. Also on the show, Tom Lydon of ETFTrends.com says value is coming back into vogue with his pick for the 'ETF of the Week,' Rich Polimeni of the College Savings Foundation discusses about how parents may know the value of saving for college but still are over-reliant on debt, and Oliver Pursche, chief market strategist at Bruderman Asset Management talks growth at a reasonable price in the Market Call.

George Schultze of Schultze Asset Management says in the Market Call that investors should not be afraid of bankruptcy and other troubling corporate situations because they are running away from opportunities rather than seizing on them. Also on the show, Chris Mamula, a leader in the "Financial Independence" realm talks about the new book he helped to write, 'Choose FI: Your Blueprint to Financial Success," plus Michael Sheldon and Peter Lang of HighTower Advisors discuss the benefits of mixing active and passive management in a portfolio.

Everett Millman, precious metals specialist at Gainesville Coins, says that he expects gold to be range-bound and move sideways for as long as the big macro issues like he trade war with China and interest rates domestically go unresolved, but he expects gold to mostly hold to current, recently inflated values because there isn't much on the horizon to drive prices down. Also on the show, Gina Pogol of AmOne.com discusses a survey on big personal-finance mistakes, Sa El of SimplyInsurance.com joins Chuck to answer an audience question, and we rebroadcast a recent interview talking global markets with Giorgio Caputo of J.O. Hambro Capital Management.

Mark Hamrick of Bankrate.com chats with Chuck about his firm's latest research, which showed that despite a decade of economic expansion, nearly 40 percent of Americans still list catching up on bills as their biggest financial priority, followed by saving more and paying down debt. Also on the show, Sally Outlaw of Worthy Financial discusses how her firm's crowd-funding of small-business bonds has created a higher-yielding alternative to money-market accounts, Kyle Guske of New Constructs puts a high-cost technology fund in the Danger Zone and Ed Shill of the five-star QCI Balanced fund talked stocks and valuations in the Market Call.

Money Life adds a new regular feature today with the debut of The NAVigator, a segment that will cover the ins and outs of avtice investing in closed-end funds, today featuring John Cole Scott of the Active Investment Company Alliance and Closed-End Fund Advisors. Also, Bill Kornitzer of the Buffalo International Fund says the world is on hold waiting for US-China dispute to end, but he expects the countries to reach temporary agreements as this is a skirmish in a battle for global economic dominance. Veteran personal finance journalist John Waggoner talks the potential impact impeachment proceedings will have on the stock market, and Brian Bollinger of Simply Safe Dividends makes his debut in the Market Call.

Katherine Renfrew of the TIAA-CREF Emerging Markets Debt fund discusses how the bond market in China and around the world is reacting to headlines about trade wars and interest-rate hikes, while Yung-Yu Ma of BMO Wealth Management talks about how today's low-rate, high-volatility market should have investors considering yield-driven alternatives like structured notes and preferred stocks for a small part of their portfolio. Also,Tom Lydon of ETFTrends.com has his 'ETF of the Week' and Michelle Kryger of AIG chats about her firm's newly released survey on how seniors are scammed and exploited by family members and strangers and how you can help aging parent avoid those troubles.

Kristina Hooper, chief global market strategist at Invesco, said that while the domestic market is overpriced relative to historical prices, while international markets are underpriced, a condition which suggests that investors might want to seek more opportunities even as they ride the current long bull market out. Hooper noted that cuts to interest rates will likely determine just how long the market can avoid a real downturn, but she noted that most of the signs remain positive heading into the presidential election year. Also on the show, Rupal Bhansali of Ariel Investments talks about 'non-consensus investing,' the subject of her new book, Jake Falcon and Joe Klein of HighTower Advisors discuss the sector rotation they see coming in the fourth quarter of 2019, and Chuck answers a listener's question about rewards credit cards.

Joe Quinlan of Merrill Lynch and Bank of America Private expects a truce, rather than any 'grand deal' on China, but despite those concerns he believes the market is headed higher so he suggests that investors view downturns as buying opportunities -- 'especially in large-cap, dividend-paying stocks' -- for the foreseeable future. Also on the show, Gene Peroni of Peroni Portfolio Advisors expects the Dow Jones Industrial Average to hit 33,000 before the current market cycle ends, which he says could be 18 to 24 months away. Anne Marie Levin of Key Private Bank discusses her firm's recent study of philanthropy disagreements in wealth families, and we revisit a recent chat with Eddy Vataru of the Osterweis funds.

Omar Aguilar of Charles Schwab Investment Management joins Chuck to talk about BeFi 2019, a new behavioral-finance study which shows that focusing on recent events, being too adverse to losses and more can wreck solid financial plans. Also, Scott Lynn of Masterworks discusses investing in fine art in ways not possible until recently, Sam McBride of New Constructs puts another popular IPO in the Danger Zone, and Chuck revisits a recent interview with Noland Langford of Left Brain Capital Management.

Neil Hennessy, founder of the Hennessy Funds says the Dow Jones Industrial Average is going to 30,000 'before we have any worries,' making the case that the market is well-positioned to continue its long run of growth with only minimal disruptions. Jurrien Timmer, head of global macro at Fidelity, meanwhile, is focused on those disruptions and the yellow warning signs in the form of the inverted yield curve, money supply growth, the Federal Reserve and trade wars, but he made it clear that 'This is a market I don't want to bet against,' noting that Dow 30,000 could be a 2020 story. Also on the show, Chuck takes a question about investing in Estonia, and Doug Roberts of Channel Capital Research discusses the fallout and next moves from this week's Fed moves.

Josef Schuster, founder of IPOX Schuster -- which tracks the market for initial-public offerings -- said that the IPO market in 2019 has held up, with start-up numbers generally being similar to a year ago and then pushed beyond those levels thanks to the debut of Uber. Also on the show, Tom Lydon of ETFTrends.com discusses palladium with his ETF of the Week, John Sweeney of Figure Technologies chats about how much money Americans are overpaying -- more than $100 billion -- by not playing interest rates properly, and value manager Michael Campagna or Moerus Capital talks stocks around the world in the Market Call.

Allan Sloan, award-winning business columnist for the Washington Post, said that while interest-rate cuts are being talked about as good for the market and the economy, there are long-term negative impacts to protracted periods of low rates, affecting pension plans, Also on the show, Giorgio Caputo of J.O. Hambro Capital Management says that the Federal Reserve is 'helicopter parenting' the market, and it can't protect the public from all evils, Jake Falcon and Joseph Klein from HighTower Advisors discuss the things beyond trade wars that top their current list of concerns, and Dan Mahr of Federated Investors talks quantitative stock investing in the Market Call.

Greg McBride, chief financial analyst at Bankrate.com, said that the Federal Reserve will cut rates again at its meeting that starts today, but he noted that savers who have been doing reasonably well now need to expect to lose ground and consumers who have debts need to aggressively pay them down before there is any long-term bounce back in rates, something he says will happen the next time rates rise. Also on the show, Lou Harvey from DALBAR Inc. discusses a strategy that should help investors stay put, literally, in the next market downturn, and Bill Hench of the Royce Funds talks small- and micro-cap stocks in the Market Call.

David Wright, lead portfolio manager for the Sierra Funds, said that the market has mixed fundamentals and technicals that individually might scare investors but that ultimately are no cause for worry in the short run, because they aren't pointing to a recession in the near-term. That said, he did discuss taking a defensive posture for the current markets, using preferred-stock mutual funds and municipal-bond funds as safe haven that should produce above-average income going forward. Also on the show, author Liz Frazier discusses her new book on teaching kids about money, 'Beyond Piggy Banks and Lemonade Stands,' Sam McBride of New Constructs puts all new initial public offerings in 'the Danger Zone' and we rebroadcast a recent chat with Andrew Foster of Seafarer Capital Management.

Eddy Vataru, portfolio manager for Osterweis Total Return Fund, said that while the market is pricing in the high probability of a recession, he thinks it has been too aggressive and that there won't be a protracted economic slowdown in the near future. He noted that the inverted yield curve may be less of an indicator than in the past because rates currently are so low, which was not the case with past inversions. Also on the show, technical analyst Michael Sincere said the market is in a trend-less trend, with limited upside, some good potential moves to the downside but a rising trend that he doesn't want to fight. It has him mostly on the sidelines now, figuring there will be a clearer trend after the next Federal Reserve meeting. In the Market Call, Aash Shah of Summit Global Investments talked low-volatility stocks, and Chuck also answered an audience question about the value of frequent-flyer miles.

Tom Lydon, editor at ETFTrends.com, said that with interest rates going down andcentral bankers working to manage inflation, many investors should be looking towards gold, both for its traditional role as an inflation hedge but also because it can turbocharge results. He made GOAU, the US Global GO GOLD and Precious Metals Miners ETF his 'ETF of the Week,' noting that the fund has shot up but that the market gives it room for even more growth. Also on the show, author Michael B. Horn talks about keeping perspective while making appropriate college choices, Jill Gonzalez of WalletHub.com covers a survey on how consumers expect to spend less on their cell phones, even with the new iPhone coming out, and Tom McIntyre of McIntyre, Freedman and Flynn mixes news and fundamentals as he talks stocks in the Market Call.

Ed Cofrancesco of International Assets Advisory said in the Big Interview that it's a sideways market with factors that could push it significantly out of the range it has traded in towards new highs or recent lows, but that investors should not be over-reacting to news and to headline risk. Cofrancesco said he ultimately expects the market to move higher once a trade deal is agreed upon with China. Also on the show, Jake Falcon and Joseph Klein of HighTower Advisors discuss how the ongoing trade war with China is trickling down into their thinking and planning on behalf of their clients, Chuck takes an audience question about his personal portfolio, and Chris Retzler from the Needham Small-Cap Growth Fund has the Market Call.

Lorna Kapusta, head of women and investing at Fidelity Investments, said that recent research by her firm showed that more than half of women keep nearly all of their savings in cash or bank accounts, compared to about 30 percent of men. Those staggering numbers show why it is hard to anyone to grow their savings into an appropriate retirement nest egg. Also on the show, author Dana Look-Arimoto talks about smart settling, Jill Gonzalez of WalletHub.com discusses the site's latest research and we rebroadcast a recent chat with leading value investor Joel Greenblatt of Gotham Asset Management.

Chuck closes out his coverage of #FinCon19 by chatting with five FinCon stars, including Doug Nordman of The-Military-Guide.com, Philip Taylor, the founder of both Fincon and of ptmoney.com, Andy Hill of the Marriage, Money and Kids blog and podcast, Sarah Li-Cain, writer and host at Beyond the Dollar, and Steve Stewart, podcast editor and the community leader of FinCon's Podcast Network.

Chuck is at FinCon 2019, the giant meeting of podcasters, bloggers, writers and other content creators from throughout the personal-finance world. His guests today cover a wide range of subjects and programming. You'll hear from Gwen Merz of Fiery Millenials, Stephanie McCullough of Sofia Financial, Dustin Heiner of MasterPassiveIncome.com, Kent Brown of the Daily Money Show, Australian Paul Benson of Financial Autonomy, Kelly McKillip of Couch Cents, Whitney Hansen of The Money Nerds, and Logan Allec of Money Done Right.

Tom Lydon of ETFTrends.com made the PIMCO 25+ Year Zero Coupon US Treasury Index ETF (ZROZ) his ETF of the Week saying it's that -- despite the inversion in the yield curve -- it's an appropriate investment response to today's common investment concerns, because long-term bonds stabilize a portfolio in low-rate, recessionary environments. Also on the show, author James Pattersenn looks at stocks a young Warren Buffett would buy, Brooklyn Lowery of CardRatings.com discusses credit-card churning, and Joe Saul-Sehy of the Stacking Benjamins podcast helps Chuck prepare for FinCon 2019 by discussing the good, bad and ugly of the podcast world and the blogosphere.

Jim Welsh, macro strategist and portfolio manager at Smart Portfolios, said he expects the market to rally to rpughly 2,950 on the Standard and Poor's 500 ahead of the next Fed meeting, only to have the central bankers issue some sort of disappointing news around a rate cut that puts the market into a short tailspin down to the 2,750 range. From there, Welsh said, expect an oversold bounce that helps to fuel the next rally. Also on the show, author Caitlin Zaloom discusses the lengths parents go to in order to pay for college educations, we rebroadcast an interesting disagreement between Jeremiah Reithmiller and Steve Tresnan of HighTower Advisors on how to use alternative investments in a portfolio, and Michael Robinson of Money Map Press stops by to talk stocks in the Market Call.

Ted Rossman of Bankrate.com said that more than two-thirds of people with credit-card debt are making a financial mistake by trying to maximize credit-card rewards rather than forgoing the bonuses for a card with a lower rate and fewer costs that will help them eliminate debt faster, noting that gaining a few percentage points in cash back or airline miles is not worth the average credit card's 18 percent rate. Also on the show, author Rita McGrath talks about identifying transformative changes in business ahead of the crowd, Noland Langford of Left Brain Capital Management talks stocks in the Market Call, and Chuck answers a question about home-purchase offers you might get in the mail.

Vincent Reinhart, chief economist and macro strategist at Mellon, is not forecasting a recession in the United States but he said that trade uncertainty has been a drag on economic activity worldwide, creating a global recession. Moreover, even when the trade and tariff disputes are resolved, he said things will not be better than before, as it will take time to recover from the damage being caused by the slowdown in trade. Also on the show, Chuck answers a listener's question about an investing strategy espoused by Jim Cramer, Sandy Block of Kiplinger's Personal Finance talks about ways to simplify your finances, and Mike Liss of American Century Value has the Market Call.

Jerry Parker of Chesapeake Capital Corp. -- an original member of the famous Turtle Traders -- said in the Market Call that he'd rather find the most-diversified portfolio than simply trying to find the best stocks, noting that investors need to be taking a defensive posture -- using precious metals, commodities and betting against stocks with short positions -- to be well positioned in today's uncertain markets. Also on the show, author Kendall Rose discussed how step-parents can avoid the financial issues that are often a problem for blended families, financial planner Judith Ward of T. Rowe Price discussed how parents and children fail to communicate on college costs, and Tom Lydon of ETFTrends.com checked in his pick for ETF of the Week, a specialty fund that loves the online retailers and shorts traditional big-box brands.

Brent Wilsey of Wilsey Asset Management said in the Market Call that his form of value investing -- which relies heavily on the PEG ratio -- has seent he number of bonafide investment opportunities shrink as the market has slowed down. He expects the trend to continue, even as he does not expect the market to hit a full-blown recession soon. Also on the show, Richard Flahive and Ray Baraldo if HighTower Advisors, discussing the distribution phase of life, Jean Statler of the Alliance for Lifetime Income on how people need to consider setting up income streams to reduce retirement worries, and Zack Friedman, author of 'The Lemonade Life.'

Brad lamensdorf of the Ranger Equity Bear ETF said that the market has been getting weaker with every correction, recapturing old highs more slowly and showing signs that a real downdraft with longer-lasting results could be on the way, particularly once sentiment turns ugly. He noted that if the Standard and Poor's 500 breaks through current support levels, it would likely fall at least 200 points further. Also on the show, financial adviser and author Ed Butowsky talks about scary financial advisers, Andrew Crowell of D.A. Davidson discusses the real benefits of saving when you are young, and lamensdorf returns to talk stocks in the Market Call.

Andrew Foster of Seafarer Capital Partners said that trade and tariff wars have not stopped growth in emerging markets, but they have exacerbated a slowing trend, particularly in China, that will make developing and emerging markets harder to profit from in the near future. Foster noted that valuations in emerging markets are reasonable, but without growth to help drive the market, investors should expect muted returns from emerging markets for the long-term future. Also on the show, Greg McBride of Bankrate.com talks about how many workers are not increasing their set asides to retirement plans, Sam McBride of NewConstructs.com -- no relation -- discusses a stock that is headed for trouble and Greg Woodard of Manning and Napier covers stocks in the Market Call.

Dan Zanger of ChartPattern.com said the Standard and Poor's 500 seems headed down to about 2,700 now as it pushes through what he called an 'ABC pattern' that started recently, has gone through the first two steps and is awaiting the third move, which traditionally will be down. Zanegr right now is only 10 percent invested in the market, and he warns that while the market has been in a range, the volatility has been hurting a lot of traders. Also on the show, Sir John Hargrave talks his new book about blockchain and bitcoin, Ken Tumin of DepositAccounts.com says that Americans are losing billions of dollars to misplaced loyalty to their bankers, and Chuck talks about a media-darling investment expert who turned out to be a fake.

Joel Greenblatt of Gotham Asset Management -- arguably the leading light along with Warren Buffett when it comes to value investing -- said that reports that value investing has stopped working are exaggerated and wrong, so long as you have the right definition of value investing. Most investors don't. Yann Cornil of the University of British Columbia talked about something else investors don't do right, namely diversify. James Hickey of H.D. Vest Financial Services said he doesn't expect a recession in the near-term despite headline risks, and Tom Lydon of ETFTrends.com covers a hot trend with a trendy new fund.

Peter Vanderlee of ClearBridge Investments said that between low payout ratios and reasonable rates of growth, investors in dividend-paying stocks should have a positive outlook as they play defense against the slowing economic and market conditions likely to be in place over the next few years. Vanderlee noted that while there has been a flight to safety among investors, they have not bid up dividend-payers to where investors can't get fair values and the occasional bargain. Also on the show, Ray Baraldi and Richard Flahive of HighTower Advisors discussed the processes they believe investors should be following during the 'accumulation phase' of their lifetimes, Matt Schulz of CompareCards.com talked about how many consumers now find back-to-school shopping more stressful and costly than holiday shopping, and Randy Bateman of Balcones Investment Research returned to the Market Call to talk top-down investing and the companies that will benefit from robotics

Justin Hance, director of research for the Oakmark Funds, said that valuations in Europe remain attractive despite slower economic activity and perceived problems there, noting that on a stock-by-stock basis, investors are able to find quality businesses at reasonable prices more easily than in other markets around the globe. Also on the show, Megan Greene of the National Association for Business Economics discussed the group's most recent survey showing when economists believe we will see a recession, Mark Hamrick of Bankrate.com talked about the things many people have felt they can not afford to spend their money on this summer, and Simon Lack of SL Advisors and the American Energy Independence ETF covered energy stocks in the Market Call.

Brandon Nelson, senior portfolio manager at Calamos Investments, said small-cap stocks are the cheapest they've been in many, many years relative to large-caps, noting that investors could win playing them on different levels, as an asset class in general but also making bets on individual securities. He favors technology, health care and consumer-discretionary stocks while mostly avoiding industrial materials, energy and utility issues. Also on the show, Ted Rossman of CreditCards.com talks consumers using cash versus plastic, Sam McBride of NewConstructs.com says that WeWork is an IPO that makes other new-stock follies look almost sane, and we rebroadcast a recent interview with Les Nanberg of Cornerstone Wealth, who -- unlike most experts -- expects to see recession sooner rather than later.

John Kosar, chief market strategist at Asbury Research, said that while the market is stuck between a major support level of roughly 2,800 and resistance at 2,950 on the Standard and Poor's 500, it remains in a bullish trend, which he expects to resume after economic cross-currents like trade wars, the inverted yield curve and slowing global growth are worked out. Also on the show, Tadas Viskanta of AbnormalReturns.com discusses who, if anyone, is trustworthy these days in the world of online financial advice and commentary, and David Snowball of MutualFundObserver.com chats about fund investing in an extended Market Call.

A day after the stock market suffered its worst loss of the year and the Dow Jones Industrial Average fell by 800 points, Chuck hosts Chris Zaccarelli of Independent Advisors Alliance and David Goerz of Strategic Frontier Management for two extended Big Interview sessions. While the pair disagreed on how and whether to use the current decline as a buying opportunity -- with Zaccarelli saying he will buy secondary dips, but not this one and Goerz looking for mispricings to take advantage of -- both expect the market to rebound and be above current levels by year's end. Also on the show, Tom Lydon of ETFTrends.com looks to Europe with his ETF of the Week.

Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, said that with large-cap stocks near fair value, he doesn't think there is much room for stocks to run over the rest of the year, though he does think they will finish the 2019 up from current levels. With that in mind, Wren suggested that investor play the range-bound market, buying when the Standard and Poor's 500 goes below 2,800 and looking to take profits when the market again reaches new highs and maintains 3,000. Also on the show, Collective Wisdom from HighTower Advisors, Todd Grossman of TalkWalker USA discusses social media marketing campaigns, and Dan Brady of TrendRating.com talks stocks in the Market Call.

Rusty Vanneman, president at CLS Investments, said that despite an outlook for heightened volatility, the stock market looks poised for a 'nice move into year end,' and he warned nervous investors that heading to the sidelines means missing out on the fun. Vanneman noted that while investors are right to be concerned about trade and tariff wars, those situations typically end with a positive resolution, making most of the interim movements little more than market noise. Also on the show, Chuck answers an audience member's question about physical-gold funds, Gina Pogol of AmOne.com talks about consumers' summer spending habits and money needs, and there is a rebroadcast of a July chat with Chris Davis of the Davis Funds.

David Trainer, president of New Constructs, put Netflix stock back in the Danger Zone, noting that the company has overcome troubling analysis that has called for a big decline for a long time, but he said that the stock's underlying circumstances have grown worse as it the share price has defied gravity, and he expects a crash to Earth soon, spurred in part by heightened competition and worrisome spending. Also on the show, Jason Reposa of MyBankTracker.com discusses the billions of dollars Americans are wasting on bank fees, author Carl Frey talks 'The Technology Trap' and changes in the labor market in the modern age of automation, and Mark Travis of Intrepid Capital Management is all about value investing and beaten-up small-cap stocks in the Market Call.

Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more difficult. He expects to see a recession start before the year is up, and has had clients go 10 percent lighter than normal on equities as they play defense; he is also mostly in Treasuries on the bond side, noting that he fears weakness in rates too. While Nanberg's analysis was based on fundamentals, D.R. Barton jr. of 10MinuteMillionaire.com talked technicals and he believes the market will actually go higher over the rest of the year, and Charles Rotblut of AAII.com discussed his group's investor sentiment survey, which showed a lot of bearishness that he suggested might represent a buying opportunity. Amid all of those market disagreements, Chuck also chatted with Kimberly Clausing, author of 'Open: The Progressive Case for Free Trade, Immigration, and Global Capital.'

Gary Bradshaw of the Hodges Fund discusses how the changing interest-rate environment and growing nervousness about the stock market is making blue-chip, dividend-paying stocks like Verizon and Coca-Cola ideal defensive positions, providing safe, rising yields at times when income is harder to generate. Also on the show, Tom Lydon of ETFTrends.com makes a high-yielding municipal-bond fund his 'ETF of the Week,' Odeta Kushi, deputy chief economist at First American, talks the real estate market in a declining-rate environment, and Richard Barrington of MoneyRates.com discusses the best cities to downsize and retire in.