Money Life with Chuck Jaffe

A recent study by Fidelity Investments found that money and healthy living are the two greatest concerns that women have, and each often affects the other. Lorna Kapusta from Fidelity said that the surprise in the study was not that 85 percent of women are stressed about finances, but that the high level of stress exists across all age groups of women, meaning that women always feel like they are not doing enough to save and prepare for retirement. Also on the show, Ethan Powell, chief executive officer at Impact Shares, a not-for-profit ETF provider, Sam Mcbride of New Constructs leads a trip to the Danger Zone and the Market Call is a rebroadcast of a recent chat with Michael Roomberg of the Miller-Howard Drillbit-to-Burner.

In a wide-ranging, free-flowing 'no-pants Friday' show, Chuck talks with Tom Lydon of ETFTrends, who makes an innovative new fund his 'ETF of the Week,' he discusses the future of exchange-traded funds and the evolution of more active funds with John Swolfs, chief executive officer at Inside ETFs, he covers one of his favorite topics -- allowances for children -- with Bankrate.com's Ted Rossman, and then chats value investing, the state of the market and international opportunities with Nick Kaiser, chief investment strategist at Saturna Capital.

Christopher Davis, chairman of Davis Advisors and portfolio manager for the Davis Funds, said in the Big Interview that financial companies now represent 'growth stocks in disguise,' and he said the financial sector is positioned to deliver oversized gains for at least the next decade. Also on the show, Peter Lang and Cory Bittner of highTower Advisors discuss the many non-financial ways they interact with clients to achieve life goals as well as financial targets, Elyse Cherry of BlueHub Capital discusses impact investing and how investors can find ways to invest that make a real difference in communities they love, and Greg McBride from BankRate.com talks about how everyday Americans and financial experts don't see eye-to-eye on the state of the economy and stock market.

Kevin Mahn, president and chief investment officer at Hennion and Walsh Asset Management, said that while the economy is strong and still growing and the market is constructive toward stocks, investors should be focusing on quality, favoring companies with strong balance sheets, entrenched management, a history of growing earnings and dividends and more, noting that as the economy slows and election-year headlines take over it will be the issues with those qualities that stand out. Also on the show,Ted Rossman of CreditCards.com talks about how stressed Americans are over money, Mandi Woodruff of MagnifyMoney.com covers the places where someone might earn six figures but still go broke, and Mark DeVaul of the Hennessy Equity and Income fund talks stocks in the Market Call.

Jill Gonzalez, spokesperson for WalletHub, said that her site's annual 4th of July survey found that millions of Americans are feeling more financial freedom this year, but that nearly one-quarter of Americans wish they could be free of credit-card debt, second by a hair only to over-eating as something people want to cut back on. The study also showed that Americans believe that the federal government is watching their spending, tracking their credit-card activity, despite no real proof or reason to believe it is. Also on the show, author Michele Cagan talks about real-estate investing to generate income streams, Sam McBride of New Constructs puts the Securities and Exchange Commission in the Danger Zone over a recent rules change, and we rebroadcast a recent Market Call with Charlie Bobrinskoy of the Ariel Funds.

Ron Sanchez, chief investment officer at Fiduciary Trust International, said that the current market environment is not great for taking risks, but it also isn't terrific for avoiding risks. That means investors should stay neutral on buying stocks and bonds, putting their portfolios at their basic, starting-level allocations, not overweight or underweight anything while waiting for signs from the market about what will happen next. Also on the show, Jeffrey Hirsch from the Stock Trader's Almanac talks technical analysis, Catherine Yoshimoto from FTSE Russell discusses the reconstitution of Russell's indexes -- which happens after today's market close -- and Doug Cartwright of the Buffalo Emerging Opportunities fund makes his debut in the Market Call.

In a show that covers a wide range of investment types and strategies, Tom Lydon discusses fallen-angel investing -- buying junk bonds from companies that used to be of investment-grade calibar -- in the ETF of the Week, Nick Kalivas of Invesco ETFs talks about the inner workings of low-volatility investing and the types of market conditions when it works best, and Joe Barrato of the Arrow Funds talks about the "Dogs of the World" strategy for investing in the worst-performing countries hoping for a return to average market performance, a gigantic global twist on the classic 'Dogs of the Dow' strategy. Also ont he show, Ted Rossman of BankRate.com on a recent survey showing how much credit debt many parents get into when school is out and they must provide summer child care.

Bob Browne, chief investment officer at Northern Trust, said in the Big Interview that the market is acting in ways that make it easy for the Federal Reserve to cut rates and he expects three rate cuts before year end, a response to what he called 'stuckflation' combined with modest economic growth. Also on the show, Peter Lang and Cory Bittner of HighTower Advisors discuss value investing and when or if it will really work again, Ted McCarthy of LendEDU talks about per-capita lottery spending, and David Brady of Brady Investment Counsel talks growth stocks in the Market Call.

Jim Welsh, macro strategist for Smart Portfolios and author of the Weekly Technical Review newsletter said that the market's various benchmarks are diverging, so that while the public attention has been on recent highs for the Standard and Poor's 500, they have been ignoring the mixed and dangerous signals coming from things like the Dow Transports. He expects the market to enjoy its current highs but to for the S-and-P to challenge recent support levels of 2,800 before Labor Day, noting that if the benchmark can't hold that level it could fall to around 2,350 quickly. Also on the show, author and attorney Michael Hackard discusses protecting your loved ones from financial fraud, Roch Polimeni of the College Savings Foundation talks about their annual survey of how high school students are now viewing college through the financial lens, and Brian Andrew of Johnson Financial Group covers funds and ETFs in the Market Call.

Sam McBride, investment analyst at New Constructs, said that misleading operating lease discount rates -- a statistic that is now more widely available and which is a big red flag for many companies, especially retailers -- are masking real trouble at J.C. Penney, making the struggling retailer's problems worse than most people surmise. As a result, McBride thinks the company is likely headed to bankruptcy. Also on the show, Chuck answers a question about Coca-Cola stock, Adam Peck of Riverwater Partners talks social investing and small-cap stocks in the Big Interview, and Michael Roomberg of the Miller/Howard Drill-Bit-to-Burner-Tip fund has the Market Call.

Adam Grimes of Talon Advisors, say that with the market having reached new highs, it's now getting more complex. He's still bullish, but he does see potential troubles down the line, making this a time when investors can be 'rewarded handsomely' for being aggressively long on stocks. John Sarson of the Sarson Funds explains in the Big Interview why 'The Internet and cryptocurrency go together like peanut butter and jelly,' Chuck explores the latest weird financial news, and Mike Bailey of FBB Capital Partners covers stocks in the Market Call.

Doug Roberts of Channel Capital Research -- author of 'Follow the Fed to Investment Success' -- said the central bank's announcement Wednesday that it did not expect to cut rates in 2019 but does expect to drop them next year was the start of trying to create a perfect landing, a situation he suggested will not be easy given the countervailing forces affecting the market and the economy. Also on the show, Tom Lydon of ETFTrends.com picks his 'ETF of the Week,' professor Andrea hasler discusses a recent survey about how educators feel when it comes to teaching personal finance in schools, and Brian Lockhart of Peak Capital Management discusses stocks and ETFs in the Market Call.

Regis Dale, chief executive officer at Harvest Global International -- the largest institutional asset manager in China -- said investors should worry about the impact of trade and tariff skirmishes between China and the United States, but noted that investors who are willing to be patient for the next several years should find that current headlines are mostly creating buying opportunities. Also on the show, Jeremiah Riethmiller and Steve Tresnan of HighTower Advisors disagree about the proper use of alternative investments now, Chuck rebroadcasts a recent question on 7702 plans that was tied to yesterday's question on life insurance retirement plans, and Patrick Healey of Caliber Financial Partners talks stocks in the Market Call.

Tracie McMillion, head of global investment strategy for the Wells Fargo Investment Institute, said her firm remains neutral on stocks overall -- but favorable on emerging markets and domestic mid-caps -- due to heightened risk factors, but she noted that with no recession on the horizon for the rest of the year, investors should be looking to buy on dips and take advantage of opportunities created by market uncertainty in a time when a big, long-lasting downturn seems unlikely. Also on the show, Amanda Dixon of Bankrate.com discusses Americans' side-gig habits, Chuck takes another question on insurance plans for retirement savings, and Charlie Bobrinskoy, vice chairman of the Ariel Funds, talks stocks in the Market Call.

Barry James, chief investment officer at the James Advantage Funds, said the market is not functioning properly because companies with no earnings have been up by 20 percent this year, while, by comparison, companies with real earnings are down, a situation that creates the potential for a big downturn when the broad market wakes up to what is happening. James has been slowly raising cash and becoming more defensive in response. Also on the show, Kelley Knutson of Netspend on Americans' fluctuating incomes, Steve Lipper of the small-cap team at the Royce Funds talks the market, and David Trainer says a soon-to-launch IPO belongs in the 'Danger Zone.'

Frank Holmes, chief executive at U.S. Global Investors, said he sees the market currently in a good place, helped by the changing tide of interest rates, but he noted that investors should be looking to diversify into gold and fixed-income to take advantage of that shift as it occurs during a time of slowing economic growth that will make for tougher sledding for stocks. Also, Danielle Shay of SimplerTrading.com said that the resolution of trade issues with Mexico was a strong short-term win for the market, which she now expects to settle into a range until the next earnings season in July, which could prove to be a catalyst for a move higher. Cather Golladay of Schwab Retirement Plan Services discusses the magic number that Americans think they need to amass for a secure retirement, and we rebroadcast a recent Market Call interview with Mike Larson of Weiss Ratings and Weiss' Safe Money Report.

Allison Schrager, author of 'An Economist Walks Into a Brothel ... ' joins Chuck in a discussion about risk and how poorly most people evaluate is when it comes to decisions. Also, Tom Lydon of ETFTrends.com has the ETF of the Week, Terry Jones of Investor's Business Daily discusses how investor optimism turned away from peak levels in May, Michael Gayed of The Lead-Lag Report gives his technical take on the market, Guy Benstead of the Cedar Ridge Unconstrained Credit Fund discusses the bond market, and Chuck celebrates his borthday!

Michael DiCecco, an asset finance expert with Huntington Commercial Bank, is worried that the transportation and trucking sector could be headed for a recession, and if that sector slows down, it has the potential to lead the rest of the economy into a downturn. Also on the show, Jeremiah Riethmiller and Steve Tresnan of HighTower Advisors discuss very different ways to use fixed-income as an equity hedge now, at a time when traditional bond strategies are less effective than in the past, and Stephen Mathai-Davis of Quantamize does a super-sized Market Call with two helpings of 'Hold It or Fold It,' one covering ETFs and a second for stocks.

Cam Harvey, senior advisor to Research Affiliates and Duke University professor, said that the inverted yield curve model that he discovered -- and which has correctly called major recessions dating back through history -- is poised to trigger at the end of June, a sign that recession is about 12 months off. Also on the show, Chuck takes a question about insurance, Jason Hargraves of InsuranceQuotes.com discusses the value and usefulness of credit-card travel protection, and Malcolm Polley of Stewart Capital Advisors talks stocks and 'business-perspective investing' in the Market Call.

Michael Mullaney, director of global markets research at Boston Partners, said that he expects the Federal Reserve to make one rate cut before the year is over, a move that he expects will help to drive the market higher, but despite that potential move to the upside, he recommended that investors get increasingly defensive, looking for high-quality names with stronger balance sheets. Also on the show, Greg McBride of Bankrate.com discusses his site's most-recent study, David Trainer puts a popular brand-name stock in the Danger Zone, and Matt King of King Wealth Advisors covers stocks and ETFs in the Market Call.

Dan Zanger of ChartPattern.com said that while he sees plenty of weakness and many bearish technical indicators, he believes the market is headed up barring some sort of significant interest-rate policy or political change. Zanger said he expects the Standard and Poor's 500 to reach 3,300 by year's end, after just barely holding at its current support level of roughly 2,800. Also on the show, Jason Browne of Alexis Invests said that the market has been going through a bear market within a secular bull market, and he said the bear -- which no one wanted to acknowledge -- is nearly done, leaving the market poised for an upturn as the rest of the bull market plays out. Beyond those two extended interviews, Chuck also talks with author and financial planner Clark Kendall about his new book 'Middle-Class Millionaires.'

Sandy Rufenacht of the Aquila Three Peaks High Income Fund, said that a flat credit quality curve -- one that seems to be confusing real junk from safer high-yielding investments -- could turn dangerous if the stock market and the economy get into trouble. He warned that investors need to temper their expectations in high-yield bonds, and prepare for potential trouble ahead. Also on the show, Chuck discusses the legacy of the late John Neff, legendary manager of the Vanguard Windsor fund, it's all Greek to Tom Lydon of ETFTrends.com with the 'ETF of the Week,' Mike Foy of J.D. Power discusses Americans' retirement confidence levels, and tactical money manager Michael Ball of Weatherstone Capital Management covers ETFs in the Market Call.

Janet Brown, chief executive at the FundX Investment Group and publisher of the No-Load FundX newsletter, said in the Market Call that fundamentals 'still look decent,' which has meant that the market has only started to move away from the large-cap growth story that has driven the bull run towards more defensive funds, value-oriented funds and small- and mid-cap funds, but she expects that trend to grind on as the market slows down. Also on the show, Jeremiah Riethmiller and Steven Tresnan of HighTower Advisors discuss how to read and interpret economic data and current headlines, Ted Rossman of Bankrate.com discusses the potentially negativei mpact of closing old credit-card accounts and, in a rebroadcast, Craig Callahan of ICON Advisors talks about the market and how it stands below fair value right now.

Chuck tackles an audience question about a purported retirement investment pitched as a 7702 plan and he points out why this insurance contract generally is a bad idea for consumers, how it is sold in misleading ways and why it's not all that it's cracked up to be. He also talks with author Ken Honda, whose new book 'Happy Money: The Japanese Art of Making Peace With Your Money' is out today, discusses changing long-term mutual fund track records with William Frank of Markov Processes International, and revisits a recent Market Call interview with Justin Carbonneau of Validea.

Lacy Hunt, chief economist at Hoisington Investment Management, said that both the domestic and global economies are becoming increasingly frail, raising the risk of recession occurring sooner rather than later. He fears that slower growth will not be able to sustain positive momentum, noting that too many key economic indicators are showing danger signs. Also on the show, Greg McBride of Bankrate.com discusses Americans' greatest financial regret, author John Quiggin discusses his book 'Economics in Two Lessons,' and Kyle Guske of New Constructs puts a small-cap mutual fund in the Danger Zone.

Kristina Hooper, global market strategist for Invesco, said that while she does think the market is facing potential troubles as the economy slows down, she does not anticipate either a recession or a bear market now, just because the market has pulled away from recent highs. Also on the show, Benjamin Bailey of the Praxis Impact Bond Fund said investors should not be stretching for yield right now and should be as defensive in their fixed-income portfolio as they are being with equities. Author Jean Chatzky discusses her book, 'Women With Money,' which used conversations about money and investing to help tackle the issues that stand between individuals and financial success, and John Busby of BroadbanNOW talked about a survey showing that summer is the best time to change Internet service and save.

Larry McDonald, publisher of The Bear Traps Report, said that he is expecting a bear market in the next six months, with the market falling by 15 to 25 percent during a downturn, noting that he does believe the decline could end with a recovery occurring during the election season next year. Mike Larson of Weiss Ratings -- editor of that firm's Safe Money Report -- said in the Market Call that he, too, sees trouble ahead, noting that the market 'is telling you to be defensive right now' and that he is roughly 40 percent in cash currently. Also on the show, Tom Lydon of ETFTrends.com made a fund that pays investors to own it -- thanks to a negative expense ratio -- his ETF of the Week, and Rob Scheinerman of AIG Retirement Services discusses how the student-loan debt burden is affecting new graduates.

Charles Biderman, founder of Trim Tabs Investment Research, said that many of the conditions that have kept the market happy and frothy during the latter stages of the bull run are now mostly mirages, creating the potential for a major correction that he could see happening despite 2020 being an election year. Also on the show, it's May 29 -- the day to celebrate 529 college-savings plans -- and Chuck discusses thos plans and how few people understand and use them with Deborah Goodkin of First National Bank of Omaha, he talks alternative investments in a rebroadcast of a Collective Wisdom from HighTower Advisors segment, and he covers funds and ETFs in the Market Call with Kevin Miller of the E-Valuator Funds.

In a wide-ranging show, Chuck chats with Dawn Gilbertson of USA Today about discount airlines and whether they are worth flying, chats with Robert Frick of Navy Federal Credit Union about the potential for recession before the presidential election, answers an audience question about couponing, and discusses brand-name stocks with Eric Clark of the Rational Brands fund.

J.J. Kinahan, chief market strategist at TD Ameritrade, said investors need to be worried about trade and tariff wars, should not forget about Brexit fallout and should be wary of the domestic market, but he still believes the current bull market has some room to run and that it remains the best place to search for strong returns. Kinahan appeared after Zach jonson of Stack Financial Management, who was less optimistic about the domestic market, warning that some of the market's technical indicators -- especially some that he believes most people overlook -- show the potential for a significant drop-off. Also on the show, Paula Fleming of the Better Business Bureaus talks about scams tied to veterans and Memorial Day, and Tom Plumb of the Plumb Funds talks growth stocks in the Market Call.

Craig Callahan, president of the ICON Funds, said that his measures show the current domestic stock market as standing roughly 9 percent below fair value, which translates into the market having that much room to grow roughly over the next year. Callahan said that financial stocks are the best bargains now, along with industrials and consumer discretionary issues. Also on the show, Tom Lydon of ETFTrends.com makes his pick for the ETF of the Week, Margaret Raymond of T. Rowe Price discusses new retirement-savings legislation proposed in Washington, and Justin Carbonneau of Validea discusses 'guru investors' in the Market Call.

Crit Thomas, global market strategist for Touchstone Investments, said that record profit margins for many companies here in the United States -- plus declining GDP growth -- raise questions on what kind of upside the domestic stock market has, so while he expects it to continue moving up modestly, he noted that investors seeking higher returns should look to emerging markets. Also on the show, the HighTower gang discusses a key, often-overlooked aspect of financial planning, Chuck answers a question appropriate for celebrating bitcoin Pizza Day, and Louis Navellier of the Navellier Funds talks growth investing in the Market Call.

Jack Ablin of Cresset Capital Management said that the market's daily ups and downs wind up looking like a straight line when investors back away and look at them through a long lens, rather than focusing on the daily news. With that in mind, he suggested tuning out the daily headlines on China and tariff wars, focusing on big-picture factors like economic growth and anticipating a market that can keep moving in a positive direction, although he did note that he believes there are better money-making opportunities in Europe and emerging markets than in the United States right now. Also on the show, Lawrence McMillan of McMillan Analysis gave his technical take on why the market may be due for a short-term decline, Ted Rossman of CreditCards.com discussed the perks that card shoppers are going for these days, and Harvard Business School professor Victoria Ivashina discussed her new book 'Patient Capital,' covering the benefits of very long-term thinking to solve the public's greatest challenges.

David Trainer of New Constructs said that investors might want to consider rotating away from small-cap growth stocks and funds because the space is over-run with unattractive stocks. In the 'Danger Zone' segment, Trainer noted that less than 10 small-cap growth funds -- and very few individual stocks too -- are earning his firm's very attractive rating, with the entire space of the market overpriced and do for an adjustment. Also on the 'National Be a Millionaire Day' show, Richard Carter of Fidelity Investments discusses ignorant ways that savers are leaving yield on the table when certain investments roll over, Tom Gandolfo of Three Bridges Financial Group talks markets, tariffs and trade, and Bill Smead of the Smead Value fund has the Market Call.

Two technical analysts -- Jim Welsh of Smart Portfolios and Avi Gilburt of Elliott Wave Trader -- said they expect the market to have a corrective rally from here, only to then fall to where the Standard and Poor's 500 is in the 2,600 range. Both suggested selling into rallies and becoming more defensive, and said it looks like gold is bottoming out and could be worth buying soon, though Gilburt ultimately expects the decline to be deeper and last longer. Also on the show, Matt Dreith of the Wasatch funds talks India, China and emerging markets, and Chuck discusses lasting lessons taught by the passing of his brother Rob, who would have turned 66 today.

James Abate, chief investment officer at the Centre Funds, said that conditions exist right now which could justify a correction of as much as 30 percent, but he noted that because market valuations are a big part of those dangerous conditions, any big decline is likely to be a long-term buying opportunity, as the strong underlying economy should ultimately keep the market buoyant. Moreover, while Abate can see a potential decline, he is not sure there is a current catalyst to spark it. Also on the show, Tom Lydon of ETFTrends.com talks about IPOs, Nalika Nanayakkara of EY Americas discusses how many financial-planning clients want to change their advisers, and Jean Young of the Vanguard Center for Investor Research discusses why so many people are moving into ETFs.

Alan Gayle of Via Nova Investment Management said he does not expect the trade and tariff battles between the US and China to derail the market for the long haul, but he noted that the market will keep taking no more than two steps forward with one step backwards for as long as it is in the headlines. Meanwhile, Jake Falcon and David Hartness of HighTower Advisors discussed their big investment themes for the rest of the year -- without even mentioning China -- Tom Gearing of Cut Wines Asset Management talked about wine as a completely alternative investment choice, and author Mathias Doepke of 'Love, Money and Parenting' talked about the economic conditions that, among other things, might have led to the recent college admissions scandal.

Karl Mills of Jurika, Mills and Kiefer said that Monday's losses should not have investors worried so long as they have properly adjusted their time horizons, and he said he expects most investors to realize down the line that whatever move the market is making now is forgotten short-term noise. Also on the show, Leo Leydon of Financial Focus Advisory Services said he expects the market to hold at current support levels of roughly 2,800 for the Standard and Poor's 500, noting that it could drop to 2,600 if he is wrong, although he also thought the market's next move is most likely up, in his case to recent highs of roughly 2,950. Dan LaPlante of Citizens Bank Wealth management discussed using the current downturn as an opportunity to rebalance a portfolio and how to deal with taxable gains, and Matt Schulz discussed the latest survey from CreditCards.com.

It's another banner line-up of experts from the Morningstar Investment Conference, as Chuck talks to Kari Droller from Charles Schwab, deep-value manager Amit Wadwhanney from Moerus Capital, alternatives expert Josh Vail of 361 Capital, Brian Milligan from Ave Maria Growth fund, quantitative analyst Joe Mallen of Helios, income specialist Bryce Fegley of Sextant global High Income, muni-bond manager Bob DiMella of Mackay Shields, Natixis' chief market strategist David Lafferty, and a special surprise guest to wrap it all up.

A colossal lineup from the Morningstar Investment Conference in Chicago features Judy Ward of T. Rowe Price, Mona Mahajan of Allianz Global Investors on the markets, Alex Pire of Seeyond talking minimum-volatility investing, Beini Zhou of Matthews Asia Value discussing his reaction to recent presidential tweets about trade wars, Ira Rothberg of Hennessy Focus Fund on valuations and patience, Jeff Holt of Morningstar discussing the firm's latest study of target-date fund, Michael Falk of Focus Consulting Group on the evolution of the Morningstar event itself, Alan Adelman of Frost Investment Advisors talking mid-cap stocks, and value investor Abhay Deshpande of Centerstone Investors discussing why Europe may be worth buying now, when most market observers hate it..

On the first day of interviews from the Morningstar Investment Conference, Chuck covered a wide range of subjects with five different experts, highlighted by Brian Levitt of OppenheimerFunds, who was bullish on the domestic and emerging markets, but realistic about the upcoming election year posing potential problems. Still, he noted that investors should not be swayed by election-related news, as 'Hating the government is not an investment strategy.' Also on the show, Tom Lydon of ETFTrends doing a live variation on his ETF of the Week, Mary Ellen Stanek of Baird Funds, Rich Woodworth of PGIM Investments, and Kristen Mierzwa of FTSERussell.

Jeff Davis , chief investment officer at LMCG Investments said he expects a potential 'revaluing' of the market, noting that it's a good time to lock in gains, rebalance and get defensive as he expects some short-term pain ahead, with a correction of 20 percent or slightly more likely to happen over the next year. Also on the show, David Hartness and Jake Falcon of HighTower Advisors discuss how they resolve conflicts between advisors working with the same clients, Andrew Chanin of Procure ETFs discussed UFO, the first pure-play space ETF, and Dr. David Krueger talked about his new book, which helps investors and savers change their money attitudes and behaviors.

Jason Thomas, chief economist at AssetMark, said that optimistic investors need to recognize that there is always a reasonable scenario that could result in bumpy markets, but that they need to ignore the noise and look through it to be able to capture long-term trends. 'If you can't get comfortable investing in this environment,' Thomas said, 'it's going to be difficult to be successful over time, because there just aren't many environments that are more hospitable from an economic perspective.' Also on the show, Ken Shreve of Investor's Business Daily gives his take on the market's technicals, Chuck answers a question about diversifying life-cycle retirement holdings, and the Market Call is a rebroadcast of a recent chat with Lamar Villere of the Villere Funds.

Hope Manion of Fidelity Investments joined Chuck to discuss the firm's recent research showing that couples will spend, on average, $285,000 on health-care protection in retirement, and discussed how that large burden will only be met by people who understand and plan for the real cost of medical coverage for seniors. Also, Peter Lipsett of DonorsTrust discussed how charitable giving defied expectations in the wake of tax-law changes, Sam McBride of New Constructs out a $16 billion mutual fund on blast in the 'Danger Zone,' and Maury Fertig of Relative Value Partners discussed closed-end funds in the Market Call.

Two different experts talking technical analysis agreed that the inability of the Standard and Poor's Index to reach new highs has made them cautious now, in a slightly defensive posture waiting to see the market's next move. John Kosar of Asbury Research said that most technical measures are strong, but he wants to see the market confirm its strength by reaching new highs, while Michael Sincere -- author of 'Understanding Options' - was more cautious, feeling like the market has reached an inflection point and that a decline back to at least recent lows would not be a surprise. By comparison, Gary Bradshaw of Hodges Blue Chip Equity fund said in the Market Call that the market was encouraging investors to sell their bonds and buy stocks. Also on the show, Kerry Pechter of Retirement Income Journal discussing why index-annuity sales are so strong right now.

Rod Griffin of Experian explained the company's new Boost program, a free method for adding recurring bill payments for mortgages, utility bills and more to credit files, allowing them to be factored into credit scores. Griffin explained that while the service is designed to help consumers with thin credit files, even people with solid scores should consider signing up. Also on the show, Tom Lydon of ETFTrends.com makes a regional bank fund his 'ETF of the Week,' Peter Kellner of Richmond Global Compass fund talks sustainable global investing, and Jason Herried of Johnson Financial Group makes his debut in the Market Call, talking stocks.

Ron Kaliebe, portfolio manager for the Mairs and Power Balanced Fund, said that the current interest rate environment globally is not normal, and that Corporate America has taken advantage of low rates and leveraged up, a strategy that could create trouble down the line, but not until or unless America gets caught in a global economic slowdown, which he does not foresee happening in the near future. Also on the show, Jake Falcon and David Hartness of HighTower Advisors discuss how planning customers need to know the inner workings of the firm they hire, Nicholas Jasinski of Barron's covers the latest 'Big Money' poll, and Josh Stewart of Seven Canyons Advisors talks stocks in the Market Call.

Chuck celebrates the 7th anniversary of Money Life by talking with a new guest, Leigh Goehring of Goehring and Rozencwajg Associates, who says the commodities market is at the very bottom of the cycle, talking markets with return guest Talley Leger of OppenheimerFunds, who makes a case for investing in emerging markets, and for believing that the Federal Reserve is done raising rates for this year, and with Maura Cassidy of Fidelity Investments discussing the disconnect between how many Americans are confident about their current financial health compared to the number of people who are confident about their retirement future.

Ted Rossman of BankRate.com said that the millions of Americans who have little saved for retirement or emergencies also can't afford a summer vacation, citing new research showing that 39 million Americans simply can't afford a trip this summer. Rossman noted that more than one third of all workers will not just pass on the summer trip, but will fail to use their full vacation time this year. Also on the show, Dr. Rainer Zitelmann discusses his book on capitalism around the world, David Trainer puts two momentum stocks in the Danger Zone, and Lamar Villere of Villere and Co. covers stocks int he Market Call.

Joe Quinlan, chief market strategist for U.S. Trust, said that while the European Union has significant troubles, investors should not ignore it from either a political or an investment standpoint, noting that it is a place to find relative values right now, as well as a place that could trigger other issues with world markets. Also on the show, Ken Berman of Gorilla Trades said that the market's technicals are strong and looking like they can carry the bull run and recent rally further along for the remainder of the year, Jason Hargraves of InsuranceQuotes.com discussed how bundling strategies don't always save consumers as much as might be expected, and Chuck Carlson of The DRIP Investor talked stocks in the Market Call.