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Podcast: Money Life with Chuck Jaffe
Episode: Chase's Klintworth: 'Few glimmers of hope' in today's 'Fear Factor' market
Description: Buck Klintworth, senior vice president and portfolio manager at Chase Investment Counsel, says there "are very few glimmers of hope out there" in the stock market right now, noting that the market currently resembles 2007 when it was reaching highs ahead of the major downturn of 2008. With high inflation and rising interest rates, Klintworth says that "We are sort of playing 'Fear Factor, Stock Market edition,' and when that happens, nothing good happens for people." Klintworth acknowledges that the market might be able to avoid big trouble, but says investors need to recognize that the market currently may be...