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Podcast: Money Life with Chuck Jaffe
Episode: NewEdge's Nick: Despite current woes, don't start rooting for rate cuts
Description: Brian Nick, head of portfolio strategy at NewEdge Wealth, says nervous investors should not be rooting for interest rate cuts, because they would be cheering for the economy to get worse, and the stock market would likely suffer as that happens. On the current suffering, Nick is not cowed by the last few days, noting that the "abrupt switch" in markt mentality is not the end of the bull market and economic growth cycles. He says the chances of recession are up, but that investors should diversify their way through the bumpy road ahead. Gregory Harmon, founder and president...