Pinebridge's Kelly: Buckle up and enjoy the ride
Money Life with Chuck Jaffe · Money Life with Chuck Jaffe
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Show Notes
Michael Kelly, portfolio manager and global head of multi-asset for PineBridge Investments, says the market is like Star Trek, "going into a world where no one's been before," seeing new technologies like artificial intelligence become dominant, observing changes in geo-political lines and watching profits continue a trend of being high but going higher as the United States keeps getting stronger relative to the rest of the world. As a result, so long as growth continues, "the markets will come through ... so keep the seatbelt on and enjoy the ride." Author Tim Falconer discusses his new book, "Windfall: Viola MacMillan and Her Notorious Mining Scandal," reviving a tale of stock fraud from the 1960s that feels like a precursor to illegal actions seen in the markets today. Plus Jennifer White discusses J.D. Power research showing what banking and savings consumers are doing trying to get a handle on — and goose the financial performance of — accounts that seem stuck in neutral.