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Podcast: Money Life with Chuck Jaffe
Episode: Schwab's Coffey: Since turmoil, it's a two-sided market and the bears are winning
Description: Alex Coffey, senior trading and derivative strategist at Charles Schwab, says that since the conflict in Iran began, there has been more of a tug-of-war market and that the bears have been winning the battle, and while the decline has not been swift, the longer duration of the turmoil the more traders and investors are on edge. Coffey notes that the market's short-term trend is bearish, but the market is testing the longer-term 200-day moving average and the longer-term uptrend may be breaking. Karl Mills, partner at Cerity Partners, says in the Big Interview that investors need to...