IAA's Cofrancesco: Fed will cut, but questions if they'll be felt on Main Street

Money Life with Chuck Jaffe

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5d ago 1:03:08

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Ed Cofrancesco, chief executive officer at International Assets Advisory, says there is a disconnect between Wall Street and Main Street, where the economy has been great for stocks but consumers have been feeling the pain. He is hoping to see rate cuts from the Federal Reserve, with the impacts trickling down to Main Street in ways that might perk up some of the soft data and consumer sentiment, and that could help people avoid falling into the trap of spiraling debt.

Stefan Sharkansky, creator of The Best Third, discusses his research, which shows that the classic "4% Rule" — where retirees expect to be set for life financially if they can live by spending no more than 4 percent of their retirement nestegg annually — has two bad potential outcomes, either premature depletion of their portfolio or unnecessary underspending. He dials in on how savers can better view their savings to make more efficient use of their nestegg.

Kyle Guske, investment analyst at New Constructs, revisits Warby Parker in The Danger Zone, noting that the eyeglass maker and retailer is popular but that brand-recognition alone isn't enough to make a good stock, particularly if it leads to greater sales without any signs of profits. New Constructus first put Warby Parker in the Danger Zone when it was going through its IPO in 2021.

Plus Lester Jones, chief economist for the National Beer Wholesalers Association, discusses the latest Business Conditions Survey released today by the National Association for Business Economics, which showed that economists believe the likelihood of a recession is shrinking, at least for now.

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