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Podcast: Money Life with Chuck Jaffe
Episode: Fiduciary Trust's Sanchez: Bonds are the value play now
Description: Ron Sanchez, chief investment officer at Fiduciary Trust Company International, says that stock valuations are running high right now, making it that "the compensation for equity isn't nearly as good as it has been for the better part of a decade," which has made fixed-income investments look like a better bargain. Moreover, while Sanchez is calling for a soft landing economically and believes that the Federal Reserve is done raising interest rates, it is creating opportunities for bond investors now. Jeff Muhlenkamp, portfolio manager at the Muhlenkamp Fund does the Market Call, noting that the fund has put some...