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Podcast: Money Life with Chuck Jaffe
Episode: 3EDGE's Folts: With U.S. markets overvalued, favor foreign stocks
Description: Fritz Folts, chief investment strategist at 3EDGE Asset Management, says the domestic stock market "Has to go down a lot more from here to be considered at fair value," which is why he has more money working in international stocks, particularly in Japan, where markets are more fairly valued and central bankers have not had to tighten up monetary policy the way the Federal Reserve has had to in the U.S. He gives his most optimistic, pessimistic and realistic look-aheads to 2024. Ron Lieber, money columnist at The New York Times, goes off the news on his recent story...