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Podcast: Money Life with Chuck Jaffe
Episode: Wells Fargo's Cronk: The full (negative) impact of Fed moves hasn't hit yet
Description: Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment Management, says the slow-developing impacts from the Federal Reserve's monetary tightening policy 'still lies before us,' putting the market 'in a vulnerable spot' as it enters August, September and October, historically the toughest months of the year. As a result, he expects a 'tactical correction' late this year, and urges patience while that plays out. Also stressing patience on this show is Jason Brown of The Brown Report, who notes that the market has hit a band of resistance short of returning to all-time highs and he...