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Podcast: Money Life with Chuck Jaffe
Episode: Crossmark's Fernandez: Elements of a soft landing 'are not in play right now'
Description: Victoria Fernandez, chief market strategist at Crossmark Global Investments, says it typically takes about a year from the start of a rate-hike cycle to impact the revenues of companies and then another nine months before layoffs and other fallout hits home. She says soft landings require increases in government spending, banks to ease lending requirements and labor costs coming down, and those factors aren't in the cards. Coupled with higher energy costs, the continuing strain on consumers and more, Fernandez says the economy and market is likely to take a hit early next year. Also on the show, Tom L...