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Podcast: Money Life with Chuck Jaffe
Episode: 3Edge's Folts: Diversify to counteract 'overvalued' market
Description: Fritz Folts, chief investment strategist at 3EDGE Asset Management, sees "unprecedented degrees of overvaluation" in the market, and he says the market is "dramatically overvalued" and at risk of a severe correction, but he notes that economic and fundamental models are pretty good, and investor behavior keeps driving momentum, so the positives continue to drive the market more than the overvaluation does. That means the market can rise from here, but Folts thinks investors should use "targeted diversification" over many asset classes to make it work. David Trainer, founder and president at New Constructs, also thinks the market is...