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Podcast: Money Life with Chuck Jaffe
Episode: Boston Partners' Mullaney sees correction and rate cuts creating buying opportunity
Description: Michael Mullaney, Director of Global Markets Research at Boston Partners, says that the stock market is trading far enough above moving averages that it's due for a correction on the short term. As that pullback happens, he expects the Federal Reserve to kick in with rate cuts beginning in September, driven more by the jobs report than inflation numbers, but he notes that may not have more than a short-term stimulative effect. Mullaney says that while the broad economy may be able to put off any sort of landing until next year, the bottom quintile of consumers is already...