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Podcast: Money Life with Chuck Jaffe
Episode: ICON's Callahan: The rotation to small caps 'is for real'
Description: Craig Callahan, chief executive officer at ICON Advisers, says that since mid-July the market has been entering a "new market with a new theme and new leadership," rotating towards small-cap stocks and broadening out. Beyond small companies, Callahan's value-driven analysis currently favors dividend-paying stocks, gas utilities, life and health and property/casualty insurers too. In the NAVigator segment, Duncan Farley, portfolio manager on the Developed Markets Special Situations team at RBC BlueBay Asset Management — the manager of the BlueBay Destra International Event-Driven Credit Fund — says "We're looking at a multi-year high in default rates" and discusses how that will change...