Money Life with Chuck Jaffegciadmin
Gorilla Trades’ Berman: Expect market records early in ’22, but volatility all year
Ken Berman, chief investment strategist at Gorilla Trades says that the Standard & Poor’s 500 will ‘easily hit 5,000 this year,’ with the Dow Jones Industrial Average comfortably crossing 40,000, but while he expects those modest gains on the indexes, he says it will be a year when stock-picking is at a premium because so few issues are trading at highs. Berman expects the market to reach those records soon, but worries that they won’t hold it, noting that two-thirds of available stocks are trading below their 50-day moving average, which suggests that there is at least heightened volatility ahead. Also on the show, Chuck discusses the savings that resulted from his personal policy of not spending anything under a 10-dollar bill and how much that can add up to if you find similar ways to save over time, Matt Schulz of LendingTree discusses how much money consumers enter the new year owing as a result of holiday spending sprees, and Guy Davis, portfolio manager of The Genuine Investors ETF, discusses during the Market Call the ‘genuine investments” he’s looking at now.