Wells Fargo's Cronk: You can depend on the market and economy to bounce back
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment Management, said that while the stock market is struggling and not yet showing compelling values, he is confident that a rebound is coming globally and that the United states -- and specifically domestic large-cap growth stocks -- will lead the way for investors looking to climb out of the hole put in their portfolio by the market's recent draw down. Also on the show, Jason Brady, chief executive officer at Thornburg Investment Management , suggests that income and dividend investors will need to be cautious during the recovery because income investments will be changed by and reflect current market conditions for the foreseeable future. Also on the show, Tom Lydon of ETFTrends.com makes an intermediate muni-bond fundtime his ETF of the Week, and Mike Brown of LendEDU.com is back to give an update on his site's survey of consumers' financial reaction to the COVID-19.