Audio Podcast with Chuck Jaffe & Zach Jonson
Zach Jonson, Chief Investment Officer at Stack Financial Management, says that inflationary pressures that haven’t been seen in over 40 years and the tightest labor market in history mean that what has worked in recent years will not be panning out so well going forward. That means “This is not your father’s market,” and investors need to go old school and get more defensive. Jonson also notes that while index returns have yet to show substantial drawdowns, a lot of investors have already suffered serious pain, which is likely to get worse from here before the market gets positioned for a long-term recovery.
Check out Money Life with Chuck Jaffe at http://moneylifeshow.com/