The Investopedia Express with Caleb Silver

Over the past 100 years, Edward Jones has become a ubiquitous financial advice business with over 15,000 locations in North America overseeing $2 trillion in household assets. Penny Pennington, CEO and Managing Partner of Edward Jones joins The Express to talk about what American families are doing with their money, what they are worried about, and how they intend to transfer their wealth to their kids and grandkids. Plus, Volatility is back after a long nap, and it is shaking up individual stocks and the major averages. Is this the beginning of a correction, or just the natural cycle of capital markets in the 21st century? LINKS FOR SHOW NOTES https://www.investopedia.com/terms/v/vix.asp https://www.costco.com/1-oz-gold-bar-pamp-suisse-lady-fortuna-veriscan-new-in-assay.product.4000186760.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8630573 https://www.edwardjones.com/us-en/why-edward-jones/news-media/thought-leadership/firm-leadership/penny-pennington https://www.cfraresearch.com/insights/

Sam Stovall, Chief Investment Strategist at CFRA, rejoins The Express to put stock market pullbacks in perspective, and why the recent declines are to be expected and relatively minor given historical averages. Plus, there is a growing chorus of Fed presidents who don't think interest rate cuts are warranted at all this year given the hot labor market and persistent inflation. Do investors and savers need to get used to, "higher until whenever", for interest rates, which might explain the heaviest inflows into money market funds that we've witnessed all year? Also, glam-metal legends KISS sells its catalogue and its NIL for $300 million as Name, Image and Likeness moves from the field to the recording industry. https://www.bespokepremium.com/ https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_040524A.pdf https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8624383 https://www.sifma.org/people/sam-stovall/ https://www.investopedia.com/name-image-likeness-8558991 https://pophouse.se/news/pophouse-acquires-the-music-catalogue-brand-name-and-ip-of-legendary-rock-band-kiss/ https://www.cfraresearch.com/about/ https://www.amazon.com/Books-Sam-Stovall/s?rh=n%3A283155%2Cp_27%3ASam+Stovall

Claudia Sahm didn't coin the "Sahm Rule", but she has taken on the responsibility that comes with having an economics rule and recession indicator named after her. The macroeconomist who worked at the Federal Reserve and the White House Council of Economic Advisers joins The Express with her forecast for the U.S. economy, including what could go very right, and what could go very wrong. Plus, divergences across the stock market make this recent run to all time highs even more interesting. Happy financial literacy month! Links for show notes: https://www.investopedia.com/terms/d/dowtheory.asp https://allstarcharts.com/blog/ https://dogwifcoin.org/ https://www.investopedia.com/bitcoin-halving-4843769 https://restorethemagic.com/wp-content/uploads/2024/03/Disney-Trian-White-Paper-2024.pdf https://stayathomemacro.substack.com/ https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8622016

Ryan Detrick, Chief Market Strategist at The Carson Group, climbs back aboard The Express to break down the recent 'Everything Rally', and why history and recent economic data suggest that this trend in motion should stay in motion. Plus, companies are piling on the dividends and the share buybacks to entice investors and jolt their earnings. Investors are scooping up those benefits and are as confident in future returns as they've been in a long time. Links for show notes: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20240320.htm https://www.investopedia.com/individual-investors-optimism-grows-albeit-cautiously-as-stocks-back-off-highs-8611333 https://www.investopedia.com/articles/02/041702.asp https://www.janushenderson.com/en-us/advisor/insights/global-dividend-index/ https://www.spglobal.com/spdji/en/corporate-news/article/sp-500-q4-2023-buybacks-increase-180-compared-to-q3/ https://www.carsongroup.com/insights/ https://www.carsongroup.com/insights/blog/why-high-interest-rates-havent-hurt-the-consumer-and-maybe-even-helped/ https://www.investopedia.com/terms/a/antitrust.asp https://www.investopedia.com/terms/s/sherman-antiturst-act.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-march-25-2024-8613096

Cannabis sales and prices are falling apart in the Golden State as overproduction and a glut of dispensaries have far outpaced demand. Can cannabis tourism rescue the industry, or will the stigma of the Schedule 1 controlled substance linger over a state that has been built on family fun destinations like Disneyland and Universal Studios? From the Visit California Outlook Forum in Palm Springs, a panel conversation with Peter Gamez, the President and CEO of Visit Oakland, Wendy Hasse-Roberts, the President and CEO of Travel Santa Ana, and Brian Applegarth of Destination Cannabis. Plus, sector rotation is under way in the stock market as energy stocks take the lead and tech stalls. Is this a sign of lower lows for the market, or just a reset and a wink back at the year 1995? LINKS FOR SHOW NOTES: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8609500 https://www.investopedia.com/terms/c/committee-foreign-investment-united-states-cfius.asp https://industry.visitcalifornia.com/events/past/outlook-forum-2024 https://www.linkedin.com/in/brian-applegarth/ https://theemeraldcup.com/ https://www.investopedia.com/marijuana-legality-by-state-4844504

Gold prices are at all time highs as the precious metal is having another moment in the sun amid geopolitical uncertainty, sticky high inflation and the highest interest rates in over 20 years. Louise Street of the World Gold Council, a membership organization of some of the biggest gold miners and companies in the world, explains why investors are leaning back into this historical store of wealth. Plus, the biggest stocks in the market are fading as the rest of the market plays catch up. Is this the sign of a healthy bull market, or a late-cycle fade in this historically strong bull market. LINKS FOR SHOW NOTES: https://www.investopedia.com/why-did-gold-prices-hit-all-time-highs-8604361 https://www.garzarelli.com/ https://www.investopedia.com/feb-2024-jobs-report-8606247 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8606449 https://thegoldenthread.gold.org/ https://www.gold.org/what-we-do https://www.gold.org/news-and-events/press-releases/geopolitical-and-economic-uncertainty-bolster-gold-demand-and-prices https://www.upjohn.org/labor-leverage-ratio

Markets are setting record highs across sectors and asset classes and investors get even more comfortable taking on risk. Matt Hougan, the Chief Investment Officer of Bitwise joins The Express with a front row seat inside the storm of assets flowing into those new spot Bitcoin ETFs, including Bitwise's BITB. Hear why Matt thinks this surge in inflows is just the beginning, and how big the Bitcoin ETF market can be in the next five years. LINKS FOR SHOW NOTES https://business.bofa.com/en-us/content/market-strategies-insights/weekly-market-recap-report.html https://www.aaii.com/sentimentsurvey https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8603107 https://bitwiseinvestments.com/crypto-market-insights https://bitbetf.com/

Jim Bianco, the President and Macro Strategist at Bianco Research, tells us why Wall Street might be very wrong about rate cuts, inflation, crypto ETFs and the bond market. Plus, he compares the rise of A.I. stocks and crypto with other frothy periods in history and explains how these usually play out. Plus, the meteoric rise of Nvidia and other chip stocks has brought out the options army in full force. They are calling for much higher prices. Will they be 'in the money'? LINKS FOR SHOW NOTES https://www.investopedia.com/berkshire-hathaway-fy2023-earnings-key-takeaways-8599175 https://www.investopedia.com/terms/a/average-daily-float.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8599318 https://www.biancoresearch.com/visitor-home/ https://twitter.com/biancoresearch https://www.berkshirehathaway.com/2023ar/2023ar.pdf

JC Parets of AllStarCharts rejoins the show to help us identify the weaknesses across the capital markets as the major equity indices dance around all time highs. Why we need to pay attention to the strengthening Dollar, the Polish Zloty, Copper prices and tumbling Treasuries to know what will happen next to the stock market. Plus, are we witnessing Meme Stock 2.0 as stocks like Abercrombie & Fitch, Super Micro Computer, Texas Roadhouse and WingStop have been on head-spinning rallies? What's similar, but very different about this recent bout of irrational exuberance. LINKS FOR SHOW NOTES: https://www.cftc.gov/sites/default/files/idc/groups/public/@swaps/documents/file/hr4173_enrolledbill.pdf https://www.investopedia.com/terms/b/buyback.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8584380 https://allstarcharts.com/blog/ https://www.welcomeuruguay.com/vinos/uruguayan-tannat.html

Sonia Dumas, a futurist and co-founder of Campaign Coach A.I., joins the show to explain how A.I. is being used across industries from real estate to financial planning to enhance productivity and profitability, and why we there is nothing 'artificial' about it. Plus, more record highs for the stock market despite very thin breadth is just one reason doubters don't think this rally can last. Also - it's been a tough market for cheap stocks as investors keep favoring the biggest, most expensive companies. LINKS FOR SHOW NOTES https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8575023 https://www.investopedia.com/what-you-need-to-know-ahead-of-closely-watched-cpi-inflation-report-8575435 https://www.investopedia.com/terms/f/form-13f.asp https://www.investopedia.com/terms/r/russell_1000index.asp https://www.investopedia.com/terms/a/artificial-intelligence-ai.asp https://www.linkedin.com/in/soniadumas/

Matt Garland, aka 'MG The Mortgage Guy', on what to expect for the U.S real estate market this Spring as mortgage rates fall and demand comes storming back. Whether you are a potential buyer, seller, investor, or broker, Matt shares his best advice on how to prepare to capitalize on the real estate reawakening. Plus, the stock market tops more record highs, but there are rising rumblings about the strength of one of the narrowest bull markets in history. And, why investors should hope for a blowout in Sunday's Super Bowl. LINKS FOR SHOW NOTES: https://www.investopedia.com/what-we-learned-from-big-tech-earnings-enterprise-ai-is-paying-off-8557870 https://www.investopedia.com/individual-investors-warming-to-the-rally-as-markets-touch-new-highs-8556574 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-feb-5-2024-8557875 https://www.super.social/ss/mgthemortgageguy https://www.investopedia.com/terms/s/superbowlindicator.asp

Peter Oppenheimer, the Chief Equity Global Strategist and head of Macro Research at Goldman Sachs in Europe, explains the new Post Modern Cycle investors are living in, and what it means for our future returns. Plus, we are investing in the land of giants again as Microsoft tops the $3 Trillion in market value and several other companies join the Trillionaires Club. But that's not stopping them from cutting jobs at an alarming rate. LINKS FOR SHOW NOTES: https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_012624A.pdf https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8550235 https://www.goldmansachs.com/media-relations/in-the-news/current/oppenheimer-oped-folder/bio-oppenheimer.pdf https://www.goldmansachs.com/intelligence/topics/economic-outlooks.html https://www.amazon.com/Long-Good-Buy-Analysing-Markets-ebook/dp/B086Z82KRW https://www.investopedia.com/terms/i/idiosyncraticrisk.asp

Peter Mallouk, CEO of Creative Planning, joins The Express to help us see the future of financial planning and wealth management as firms like his continue to consolidate the industry. Plus, the S&P 500 finally made it back to new highs after a two year battle with inflation and rising rates. While some investors may feel vertigo, history suggests the good times may keep on rolling. LINKS FOR SHOW NOTES: https://www.barchart.com/stocks/highs-lows?timeFrame=alltime https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8546676 https://creativeplanning.com/peter-mallouk/ https://creativeplanning.com/insights/ https://www.amazon.com/Money-Simplified-Peter-Mallouk/dp/B0CLZ1W9RD/ref=sr_1_1?crid=2Z8DWE6F66HXN&keywords=money%2C+simplified&qid=1705971993&s=books&sprefix=money%2C+simplified%2Cstripbooks%2C102&sr=1-1 https://www.investopedia.com/trading/continuation-patterns-introduction/

Sam Ro, the author of TKer, comes back aboard to help us discern what we should be paying attention to, and what we should be ignoring as investors to start the year. From the approval of spot Bitcoin ETFs to the Fed's pivot, the outcry for active management to the unaffordability of the housing market, Sam helps us filter the headlines to focus on what's really important. Plus, CEOs are still worried about inflation and a recession despite decent signs around the economy. Should we also be concerned? LINKS FOR SHOW NOTES https://layoffs.fyi/ https://www.conference-board.org/publications/C-Suite-Outlook-2024-leading-for-tomorrow https://www.sofi.com/article/investment-strategy/liz-looks-at-market-signals-so-far/ https://www.tker.co/ https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8425873 https://www.investopedia.com/terms/o/opportunitycost.asp

Anastasia Amoroso, the Chief Investment Strategist at iCapital, rejoins the show to help us identify unusual opportunities in the capital markets this year as the economy slows and rates come down. Plus, the Santa Claus Rally never happened, but investors were piling into ETFs in December like they were sure it would. Was the herd late to the rally, or is the recent retracement in the stock market just a speed bump on the track to higher highs? LINKS FOR SHOW NOTES: https://etfdb.com/compare/market-cap/ https://www.pgpf.org/infographic/the-national-debt-is-now-more-than-34-trillion-what-does-that-mean https://www.investopedia.com/the-national-debt-hit-a-record-usd34-trillion-how-much-should-you-worry-8421976 https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_010524.pdf https://www.investopedia.com/terms/r/retracement.asp https://icapital.com/about-us/anastasia-amoroso/ https://icapital.com/insights/investment-market-strategy/2024-market-outlook/

Joe Davis, Vanguard's Chief Global Economist, explains why the return of "Sound Money", with interest rates higher than the rate of inflation, will be good news for long-term investors, but will mean more muted returns for stocks than the past ten years. Plus, why he fears the Fed may cut too soon in 2024, bringing back memories of 1967. And, 2023 delivered some banner returns for certain stocks across sectors. Is this the beginning of new leadership in the stock market, or were those just last year's charms? LINKS FOR SHOW NOTES https://www.investopedia.com/what-can-investors-expect-for-the-economy-stock-market-bonds-and-crypto-in-2024-8414327 https://insight.factset.com/sp-500-cy-2024-earnings-preview-analysts-expect-double-digit-earnings-growth https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8420755 https://www.investopedia.com/terms/j/januarybarometer.asp https://investor.vanguard.com/investor-resources-education/news/vanguard-economic-market-outlook-2024-global-summary https://corporate.vanguard.com/content/corporatesite/us/en/corp/what-we-think/bios.html

Liz Ann Sonders, the Chief Investment Strategist at Charles Schwab, tells us what to expect next year for the markets and the economy, and how investors should prepare. Plus, the Fed gave investors an early holiday gift by indicating three rate cuts in 2024, which sent the stock market soaring. But the recent rally hasn't totally convinced individual investors that these gains are here to stay. What are they waiting for? LINKS FOR SHOW NOTES https://www.youtube.com/watch?v=hQYXqwNDA88 https://www.investopedia.com/what-to-expect-in-the-markets-this-week-dec-18-8416490 https://awealthofcommonsense.com/2023/12/what-happens-after-a-20-up-year-in-the-stock-market/ https://www.investopedia.com/individual-investors-feel-emboldened-by-the-rally-leaning-more-into-stocks-and-etfs-8416125 https://www.investopedia.com/terms/s/santaclauseffect.asp https://www.schwab.com/learn/story/market-outlook-whats-store-2024 https://www.schwab.com/learn/story/us-outlook-one-thing-leads-to-another https://www.investopedia.com/terms/g/garp.asp https://www.investopedia.com/terms/s/santaclauseffect.asp

It's been a year unlike any other for investors with a bear market in bonds, bank failures. the rise of A.I., and a reality check for the so-called "American Dream". We bring you Investopedia's Most Searched Terms of 2023, and what that Dream costs in today's dollars. Plus, Bitcoin is on another one of its magnificent rallies, up more than 180% in 2023. Ric Edelman of DACFP climbs back aboard The Express to explain the enthusiasm, and why it could get even bigger next year. LINKS FOR SHOW NOTES https://www.investopedia.com/2023-investopedia-terms-of-the-year-8409161 https://www.investopedia.com/the-american-dream-now-costs-over-usd3-million-8409951 https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/terms/e/equityriskpremium.asp https://www.investopedia.com/what-to-expect-in-the-markets-this-week-4584772 https://dacfp.com/

Vivian Tu, aka Your Rich BFF, joins The Express to talk about how she became one of the most followed Fin-fluencers on social media, and shares the personal finance and wealth building secrets no one ever bothered tell us. Her new book, “Rich AF, The Winning Money Mindset that Will Change Your Life”, is full of those tips, and available for order now. Plus, investors are going to miss November which was just as sweet for bond investors as it was for stock bulls. Should we be curbing our enthusiasm about the Fed possibly cutting rates sooner than expected? LINKS FOR SHOW NOTES https://www.atlantafed.org/cqer/research/gdpnow https://www.fidelity.ca/en/insights/market-updates/timmermarketreport/ https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8409428 https://www.instagram.com/your.richbff/?hl=en https://www.yourrichbff.com/richaf https://www.investopedia.com/charlie-munger-buffett-s-right-hand-man-dies-at-99-8407672

A four-week run for the stock market has a few strategists calling for a time out, just in time for one of the seasonally strongest two week periods for the market. Amid this year's recovery, and following last year's plunge, retirement investors have mostly maintained their composure, according to Anne Ackerley, the Head of Retirement at Blackrock. She joins The Express to talk about how we have been behaving inside the $8.5 Trillion Asset Managers retirement plans and ETFs, and how those in or nearing retirement need to consider additional asset classes to make their money last. LINKS FOR SHOW NOTES: https://www.investopedia.com/terms/r/russell_3000.asp https://www.bespokepremium.com/interactive/posts/think-big-blog/happy-thanksgiving-2023-ytd-winners https://sentimentrader.com/company https://www.blackrock.com/us/individual/biographies/anne-ackerley https://www.blackrock.com/us/individual/insights/retirement/2023-read-on-retirement-survey https://www.investopedia.com/terms/o/okunslaw.asp