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BNY's Reinhart preaches caution, patience against continuing uncertainty

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Manage episode 482528286 series 30363
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Vincent Reinhart, chief economist and macro strategist at BNY Investments, says that Monday's temporary halt to the tariff battle between the United States and China significantly reduces the potential for a recession, but it doesn't create the clarity that investors and business leaders are seeking. He believes the U.S. will continue to deliver solid results long-term, but warns that the road to those long-term gains is likely to be bumpy, and even notes that "for now, cash looks pretty attractive." Larry Tentarelli, editor at Blue Chip Daily Trend Report, says that the market's gains Monday continue a trend that has been building since the market bottomed after "Liberation Day." He says the recent moves have crossed trend lines and moved the Nasdaq out of bear-market territory and the recent gains have more room to run. Plus, Paula Fleming, chief spokesman for the Better Business Bureau of Eastern Massachusetts, Maine, Rhode Island and Vermont, talks about avoiding summer scams around roofing, home construction and more.

  continue reading

2118 episodes

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iconShare
 
Manage episode 482528286 series 30363
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Vincent Reinhart, chief economist and macro strategist at BNY Investments, says that Monday's temporary halt to the tariff battle between the United States and China significantly reduces the potential for a recession, but it doesn't create the clarity that investors and business leaders are seeking. He believes the U.S. will continue to deliver solid results long-term, but warns that the road to those long-term gains is likely to be bumpy, and even notes that "for now, cash looks pretty attractive." Larry Tentarelli, editor at Blue Chip Daily Trend Report, says that the market's gains Monday continue a trend that has been building since the market bottomed after "Liberation Day." He says the recent moves have crossed trend lines and moved the Nasdaq out of bear-market territory and the recent gains have more room to run. Plus, Paula Fleming, chief spokesman for the Better Business Bureau of Eastern Massachusetts, Maine, Rhode Island and Vermont, talks about avoiding summer scams around roofing, home construction and more.

  continue reading

2118 episodes

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