Aug 4, 2022
Brad McMillan, chief investment officer for Commonwealth Financial Network, says thatthe bond market tends to have the most accurate message for investors, noting that the bond market tends to be the dog while the stock market is the tail. Thus, the market is reacting to headlines, but the bond market tends to be more steady in its actions. MacMillan says the bond market currently is signalling a coming recession, with the inverted yield curve signalling it could happen in the next 12 to 18 months. Also on the show, Tom Lydon, vice chairman at VettaFi.com, talks about international cash-cows as he picks his ETF of the Week, Meredith Stoddard of Fidelity Investments discusses the high physical, emotional and financial costs of being a caregiver to both special-needs children and aging parents, and discusses the need for appropriate planning. And Corie Wagner, senior industry analyst at Savings.com, talks about the rising costs of participating in bachelor and bachelorette parties, and how it's not necessarily inflation that can be blamed for the bigger payouts that friends and family members endure ahead of the wedding these days.