Research Affiliates' Masturzo: Now, it's 'Don't fight the Treasury'

Jim Masturzo, chief investment officer for multi-asset strategies at Research Affiliates, says that despite the uncertainty surrounding tariff policies and geo-politics, international markets remain attractive and with a better valuation than domestic markets. But those global markets may also get a boost from the Trump Administration's plans to weaken the dollar — a dollar that Masturzo says his firm believes is currently 25 percent overvalued — so he emphasized that investors should not "fight the Treasury," and should instead follow its actions to more international exposure in their portfolios. Lester Jones, chief economist for the National Beer Wholesalers Association, discusses the latest Beer Purchasers Index, which shows that forward-looking demand for beer is contracting, a sign that consumers may be looking to pull back on spending. Plus, Taylor Krystkowiak, vice president and investment strategist for the Themes ETFs discusses some popular investment themes — and the stocks that best represent them — in the Money Life Market Call.