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Podcast: Money Life with Chuck Jaffe
Episode: Robinhood's Guild: 'Things are fully discounted at the S&P level'
Description: Stephanie Guild, chief investment officer at Robinhood, says that the stock market has ridden earnings growth to the record highs it has set this year, but she is worried that with valuations at high levels, earnings growth can't sustain higher price-earnings multiple to push the market up further. Guild notes that Robinhood's customers have changed some of their investment habits as market conditions have evolved in the post-Covid market; they're still buying dips, but more on a single-name basis rather than buying broad markets and riding indexes. Further, Guild says she will be watching investor buying behavior during dips...