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Podcast: Money Life with Chuck Jaffe
Episode: Fort Washington's Sargen: No landing looks likely, but isn't all good
Description: Nick Sargen, senior economic advisor at Fort Washington Investment Advisors, doesn't see a recession as imminent but he says a lot of the good news has already been priced into the stock market, which will lead to slower gains or sideways performance moving forward. Sargen says that market observers expecting a soft landing were thinking that situation would allow the Federal Reserve to aggressively cut interest rates; in a no-landing scenario, however, investors should not expect the rapid rate cuts or the big rally that typically comes with a rate-reduction cycle. Todd Rosenbluth, head of research at VettaFi, makes...