Rayliant's Ashby expects a lingering 'Mama Bear' of a market
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Ben Ashby, head of investments at Rayliant Global Advisors, says that the U.S. stock market may be better positioned than the rest of the world right now, that's mostly because the outlook for almost all global markets right now is grim. He's anticipating trouble -- and sparse to no growth for the U.S. market and economy -- with little reason for optimism expected until the end of next year. Meanwhile, he described three types of bear markets -- apa Bear, Mama Bear and Baby Bear -- and says he thinks current problems will lead to the middle ground, but notes that a Mama Bear can be deep and difficult. Jack Kleinhenz, chief economist for the national Retail Federation and a member of the National Association for Business Economics Outlook Survey Committee discusses the results of the latest poll of economists, released today, showing that the researchers aren't holding out much optimism for 2023. Plus, Kyle Guske, investment analyst at New Constructs, puts another 'zombie stock' into The Danger Zone and in the Market Call, Andy Braun, portfolio manager for the Pax Large Cap fund, talks about stocks.