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Podcast: Money Life with Chuck Jaffe
Episode: Commonwealth's MacMillan: Believe the bond market, which is calling for recession
Description: Brad McMillan, chief investment officer for Commonwealth Financial Network, says thatthe bond market tends to have the most accurate message for investors, noting that the bond market tends to be the dog while the stock market is the tail. Thus, the market is reacting to headlines, but the bond market tends to be more steady in its actions. MacMillan says the bond market currently is signalling a coming recession, with the inverted yield curve signalling it could happen in the next 12 to 18 months. Also on the show, Tom Lydon, vice chairman at VettaFi.com, talks about international cash-cows as h...