Matt Miskin, co-chief investment strategist at Manulife John Hancock Investments, knows that it's hard to get investors focused on fixed income when the stock market is flirting with record highs, but he says that equities are poised to experience slower gains moving forward at a point where bonds are delivering solid, steady income. He's not backing away from stocks, but with the forward price/earnings ratio for stocks near its own record highs, he is taking a more defensive posture because the math suggests that "bonds can compete with stocks" moving forward. Rob Williams discusses the 9th annual Modern Wealth Survey from Charles Schwab, which showed that Americans believe it takes roughly $840,000 in net worth to be "financially comfortable," up from about $780,000 a year ago. Plus, in the Market Call, James Abate, head of fundamental strategies at Horizon Investments — portfolio manager for the Centre Funds — talks infrastructure investing and more.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
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On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!