MoneyShow MoneyMasters Podcast

David Rosenberg is Founder and President of Rosenberg Research. Brian Belski is Chief Investment Strategist of BMO Capital Markets. They both sat down with me for separate interviews at The 2023 MoneyShow Toronto to share their take on markets – and their outlooks could NOT be more divergent. to get the latest investing and trading guidance from dozens of top MoneyShow experts like these, don’t forget to join us at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more details.

Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence. In this interview, the fund expert and author of The Bogle Effect discusses how and why investors continue to flock to ETFs versus traditional mutual funds and other investment vehicles. Even in a year where many investors remained shell-shocked for a while after 2022’s lousy market performance, ETF flows are up to around $250 billion because Exchange Traded Funds offer 6-10 major advantages. Still, what Eric calls the “Bull Market Subsidy” has ensured mutual funds retain a 2-to-1 advantage over ETFs when it comes to total assets. Eric next discusses the SEC’s fight with fund issuers over spot Bitcoin ETFs, noting that the regulatory agency just lost a key lawsuit. He believes there’s a 75% chance a round of 5-7 crypto-focused funds will hit the market in coming months, providing “a bridge from the normal, especially Boomer, world, and the crypto underground”. He also covers the growth in single-stock ETFs, funds that allow investors to go long or short individual names like Tesla (TSLA) on a leveraged and unleveraged basis. He notes “The marketplace is just responding to what the investors are demanding” and says critics shouldn’t compare “hot sauce” to their “main dinner.” Finally, Eric gives a sneak peek at what he’ll discuss at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit OrlandoMoneyShow.com for details.

Sam Stovall is Chief Investment Strategist at CFRA Research. In this interview, the author of The Seven Rules of Wall Street and expert on market momentum, valuation, and sector analysis explains why investors likely face a slippery slope in the markets this September. He discusses the reasons behind the seasonal weakness, while also explaining why investors are better served by rotating their holdings rather than retreating from markets entirely. Plus, he reiterates his call for a strong year overall, in part because S&P 500 earnings trends should improve in Q3, Q4, and beyond.Furthermore, Sam covers why the Federal Reserve is likely done hiking interest rates, why the latest employment and inflation trends are so encouraging, and how the presidential election cycle should benefit stocks. Finally, he gives a sneak peek at what he’ll discuss at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit OrlandoMoneyShow.com for more info.

Barry Ritholtz is Founder and CIO of Ritholtz Wealth Management. He is also a long-time market analyst, commentator, and expert on behavioral economics principles as they apply to investing. In this insightful interview, Barry discusses the perils of paying too much attention to “hair on fire” headlines like recent ones about China’s credit issues, rising interest rates, and the risk of recession. He notes that “The clickbait stuff is entertaining, but it’s not how we manage assets and it’s not how individuals should manage their own assets.” Barry also discusses how humans are wired to make quick judgments, use pattern recognition, and overreact to certain stimuli because that aided in our evolution and survival as a species. The problem? “Things that worked great on the savannah, they don’t really work well in capital markets.” Our talk then pivots to Barry’s outlook for Federal Reserve policy, why he thinks a higher inflation target than 2% makes sense, how the 60/40 portfolio didn’t really “fail” last year, and what investors can do now to adapt to a higher-rate, higher-stimulus market environment. Finally, Barry gives a sneak peek at what he’ll discuss at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more information.

eff Hirsch is Editor-in-Chief of The Stock Trader’s Almanac. In this interview, the long-time researcher of stock market seasonals and historical trends explains why the “Worst Months” are striking again on Wall Street, and how the action in 2023 is following the typical annual pattern. Hirsch warned of exactly this occurring recently, explaining that stocks would likely go on “summer vacation” in August and September – and advised investors to be less aggressive as a result. The good news? It’s still a pre-election year, and Jeff believes his forecast of a “plus 15%-20%” advance for stocks is still on target. He also thinks the Federal Reserve is just about finished hiking interest rates (if not done already). Plus, he says the economic backdrop isn’t too bad, the market pullback is fixing the frothy sentiment problem, and the political cycle is favorable for stocks in the fourth quarter and potentially beyond. Finally, Jeff gives a sneak peek at what he’ll discuss at the MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more info.

Charles Payne is Host of Making Money with Charles Payne, as well as author of the new book, Unbreakable Investor. In this interview, the Fox Business anchor talks about the lessons that investors will take away from his newest work, set to be released in Fall 2023. He also explains how the stock market and the investor education process has changed over the decades he’s been investing, as well as writing and talking about the markets on television, in print, and online.Charles further expands on the subjects he covered during his keynote address and panel discussions at the MoneyShow’s 2023 Investment Masters Symposium in Las Vegas, including “The Roaring 2020’s” and the “Fourth Industrial Revolution.” Finally, he discusses recent economic developments and financial news, as well as their potential impact on markets. Topics include Federal Reserve policy choices, higher interest rates, consumer lending risk, the Fitch Ratings credit downgrade, and more. If you want to learn more from Charles, he will be speaking at The MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more info.

Lindsey Piegza, Chief Economist of Stifel Financial, sits down with us at the Investment Masters Symposium in Las Vegas to discuss the current economic outlook and the Federal Reserve's actions. She mentions there is optimism about avoiding a significant downturn in the labor market despite potential rate increases. But there are also signs of uncertainty and potential challenges ahead, especially if consumer momentum continues to weaken.Lindsey highlights the Fed's goal of achieving price stability, suggesting it might continue its efforts with one or two rate hikes by the end of the year — and noting that while there has been progress on the inflation front, the targeted 2% inflation level hasn't been reached. She also touches on employment data, acknowledging that hiring has cooled somewhat, but that hundreds of thousands of Americans are still finding jobs each month. Finally, Lindsey addresses potential scenarios related to credit conditions that could influence policy decisions. If you want to learn more from Lindsey, she will be speaking at The MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more info.

Danielle Shay is VP of Options at Simpler Trading. In this interview, the options and directional swing trading specialist discusses the tactics, methodologies, and indicators she uses to help maximize results for traders who follow her in her live trading sessions, through her newsletter, on social media, and more. She discusses the “Squeeze” tool, an important consolidation breakout signal that she uses. She also covers the nuts and bolts of trading options around earnings announcements, including which options strategies have proven most (and less) effective in the current market environment. Danielle further emphasizes the need for preparation – and how that can make you a more successful options trader. Plus, she shares her take on which market sectors might offer the most promising earnings-related trades moving forward AND how she views hedging in light of Fitch Ratings’ downgrade of the U.S. “AAA” debt rating. Finally, she gives a sneak peek at what she’ll discuss at The MoneyShow/TradersEXPO Orlando, set for Oct. 29-31, 2023 at the Omni Orlando Resort at ChampionsGate. Visit www.OrlandoMoneyShow.com for more info.

Mitch Roschelle is Managing Director at Madison Ventures+. In this interview, the long-time real estate market analyst, consultant, and commentator shares his view on the current state of the residential and commercial real estate markets...and how conditions will evolve later in 2023 and beyond. He breaks down the housing affordability crisis, covering the role that rising mortgage rates, rising house prices, household growth, and insufficient construction activity all play. Plus, he explains how new construction techniques, as well as an increased focus on manufactured and mobile homes, can help provide solutions. Mitch further explains why commercial real estate losses should NOT cause enormous economic and banking sector problems like residential mortgage losses did in the 2007-2009 cycle. And he gives a sneak peek at what he’ll discuss at our upcoming Investment Masters Symposium in Las Vegas, set for Aug. 8-10, 2023 at the Paris Las Vegas.

David Rosenberg is Founder and President of Rosenberg Research. In this MoneyShow MoneyMasters Podcast segment, the noted strategist and economist warns that the risk of recession is much higher than markets and many investors appreciate. He compares the current environment to past periods of (misguided) pre-recession optimism like 1989, 2000, and 2007. David also explains why both the U.S. Federal Reserve and the Bank of Canada will have to change their interest rate tune soon due to a deteriorating economic and credit environment. David further outlines his THREE primary strategies for investors, the main reason why you shouldn’t let “FOMO” guide your actions, and the key forces that make Canadian equities much more attractive than U.S. stocks. Finally, he gives a sneak peek at what he’ll discuss at our upcoming MoneyShow Toronto, set for Sept. 8-9, 2023 at the Metro Toronto Convention Centre North.