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Podcast: Money Life with Chuck Jaffe
Episode: Manulife's Thooft: Underweight U.S. stocks until you see 'value destruction'
Description: Nate Thooft, chief investment officer at Manulife Investment Management, says that the strength of domestic stocks has been such that they are overpriced relative to international issues, which is why he has been light on U.S. equities of late. Thooft expects equity conditions to change at some point in the next year as a recession sets in, bringing with it "value destruction" that . Once that happens and there's been some "value destruction," it will be time to be more excited about stocks, but particularly the domestic issues. Also on the show, Tom Lydon, vice chairman at VettaFi, makes...