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Podcast: Money Life with Chuck Jaffe
Episode: 'This is where millionaires are made, in these kind of markets'
Description: Jeffrey Bierman, chief market technician for TheoTrade and founder of TheQuantGuy.com, says that "much of the dirty work is behind us," with the market now reaching a point "where the values are the most compelling I have seen in 25 years." Bierman last appeared on Money Life in December of 2021, and was extremely cautious, expecting the market to hit a low of between 3,600 and 3,800 on the Standard & Poor's 500 within six months. Bierman's model projects the S&P to drop to the 3,300-3,400 range, before building a base for recovery. "If interest rates can peak at some point and if mon...