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Podcast: Money Life with Chuck Jaffe
Episode: Glenview Trust's Stone: Good news is baked into market, making it easy to disrupt
Description: Bill Stone, chief investment officer at Glenview Trust, says that the stock market has priced in so much good news that it makes him want to be more cautious, looking into headline risks for potential value opportunities. Stone notes that the stock market has had previous periods with three strongly positive, consecutive years — and it could complete that process again this year — but it makes him nervous that the market could adjust and re-set. That's not pushing him out of stocks, but has muted his expectations. Charles Rotblut, editor at AAII Journal, discusses the organization's investor-sentiment survey, which shows that...