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Podcast: Money Life with Chuck Jaffe
Episode: Weatherstone's Ball: 'Priced-in' soft landing limits bonds' potential now
Description: Michael Ball, president and lead portfolio manager at Weatherstone Capital Management, says that while the economy appears to be headed for a soft landing, that smooth ride and the first rate cuts have already been priced into the bond market, which means that bonds are not giving much cushion right now against any softness that could lead to a recession. He notes that higher quality bonds in floating-rate bank loans, short-term high yield and other niches are strong values in current conditions, especially when deriving income from sources like dividends is pricey, given stock market valuations. George Kinder, president...