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Podcast: Money Life with Chuck Jaffe
Episode: XG Capital's Gray: 'The larger correction is looming on the horizon'
Description: Xander Gray, founder and chief executive officer at XG Capital Strategies, says that a bear market is coming, with a number of potential catalysts contributing to trigger the downturn. He says that while he expects a downturn of up to 30 percent, he does not expect it to take long. Further Gray says that for investors who have not been buying now likely want to wait until next year, with the market around record highs but likely to have at least a minor blow-off before the real bear market shows up. Jeff Clark, head of defined contribution research at Vanguard...