Money Life With Chuck Jaffe Daily Podcast

Simeon Hyman, global investment strategist at ProShares, says that with inflation running above the Federal Reserve's targets — forcing both the Fed funds 10-year Treasury rates higher — there's room for the Fed to cut rates but not much room for the market to respond to it. As a result, he's saying the market has room to broaden out, with small caps likely to be helped out by upcoming Fed cuts, but not much upside if large-cap stocks have to keep being the engine for growth. Hyman says that recession is unlikely for several quarters, as there is room for modest earnings growth to continue. Russell Rhoads, associate clinical professor of financial management at Indiana University — cohost of the Academic Market Insights videos on YouTube —  says he expects the economy to be sluggish while rate cuts work their way into the next cycle. He says that he'd be looking to underperforming stocks and areas of the market to take the lead as the economy changes and, like Hyman, believes there is potential for small-caps