FYI: (Slide mouse to 36:40 minutes for Sam Stovall interview,)
Sam Stovall, chief investment strategist at CFRA said that earnings and inflation are implying that 2019 could be a good year, but that because of an 'earnings-peak environment,' investors should adjust their expectations to something in the low-to-mid single-digit range for 2019. By comparison, in the day's other Big Interview, Craig Callahan of ICON Advisors and the ICON Funds said that, based on valuations, the market is about to end its 'temporary setback' and should be up five to 10 percent a year from now. Also on the show, Patrick Fruzzetti, Joseph Klein and David Molnar of HighTower Advisors discuss whether they believe Santa Claus is coming to town this year, and Matt Schulz of CompareCards.com talks about how the biggest stress of the holidays centers around shopping.
Regards,
Ted
https://www.stitcher.com/podcast/moneylife-with-chuck-jaffe/e/57445076?autoplay=true
