Money Life With Chuck Jaffe Daily Podcast

Phillip Wool, chief research officer and lead portfolio manager, Rayliant Global Advisors, says "there are places where valuations are so stretched I find it hard to explain," but he notes that is more in certain sectors and certain themes, but he says the global economy is in a good place, which makes him optimistic about the future for stocks, just cautious about how much investors should set expectations. He notes that when valuations get this stretched, future returns tend to be muted. He also discusses why he believes there is still time for investors who have missed the foreign stock rally this year to get involved. "This is not something that has played out," he said, "there's still room for this international outperformance to continue." Ryan Jacob, chief investment officer of the Jacob Funds — who was the first portfolio manager of an Internet fund when they first emerged in the 1990s — talks stocks in the Market Call, but also focuses on the similarities between the artificial intelligence boom that