Mar 21, 2023
Jack Janasiewicz, portfolio strategist for Natixis Investment Managers, says that the stock market's current issues around the collapse of Silicon Valley Bank and others has investors revisiting their feelings and emotions from the financial crisis of 2008. This '2008-itis' is leading them to act scared at a time when they should instead be doing a temperature check to decide if their asset allocation is appropriate for what lies ahead, which Janasiewicz sees as a mild recession later this year. In the Market Call, however, Roger Conrad of Conrad's Utility Investor say that he expects a deeper downturn and recession as the economy struggles for inflation significantly longer than most people have expected. Conrad says dividend-paying stocks can help investors ride out the turmoil, provided they are consistent and acquired at the right price. Also on the show, Ted Rossman discusses the latest survey from Bankrate.com on how taxpayers are reacting and responding to current conditions as they plan ahead for refunds, and Ed Slott, founder of IRAhelp.com, helps Chuck answer a listener's question about whether convert all of their retirement assets into Roth accounts.