Money Life With Chuck Jaffe Daily Podcast

It's a tale of two forecasts on today's edition of Money Life, as two experts come to very different conclusions of how 2025 will play out. In The Big Interview, Paul Christopher, head of global investment strategy for the Wells Fargo Investment Institute says he expects the market to drop "5 to 10 percent easily" as tariffs, accompanying inflation and a slowing economy take hold during the third quarter and stick around for at least six months. Christopher notes that surprises could push the market down even further, back to or past April lows, but he noted that he'd be buying there, because he believes the United States was oversold early this year and will represent a particularly good value once it digests the expected downturn. In the Talking Technicals interview, however, Matt Fox, president of Ithaca Wealth Management, sets a 7000 target for the Standard & Poor's 500, up about 20 percent from current levels in the next 12 months. Fox says the sell-off in April did a lot of the "technical damage" ne