Dan Fuss: 'The bond market is not a safe haven right now'
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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In an extended Big Interview, Dan Fuss -- vice chairman of Loomis Sayles and Co., and a leading bond fund manager for more than half a century -- says that investors should not feel that bonds can play their traditional role as a portfolio safety net right now because fixed-income investments can't provide the level of yield investors typically expect. Fuss says the market 'is far more dangerous on the credit side than people know.' Also on the show, Catherine Yoshimoto of FTSE Russell discusses the 'Russell Reconstitution' process, which will reshape Russell's indexes while making this Friday one of the biggest volume days of the year, and Charles Norton of the Vitium Global Fund discusses sin stocks -- alcohol, gaming, tobacco and defense companies -- in the Market Call.