D.R. Barton Jr. says the market is overbought, but this cycle room to run

Money Life with Chuck Jaffe

D.R. Barton Jr., Director of Market Research at the Foundation for the Study of Cycles, says the longest cycles suggest that the market is topping out now, but 'near-term overbought doesn't bother me right now.' He is expecting more upside into the election and carrying into 2025 before any downturn is more dramatic than a simple buying opportunity. He says that he doesn't expect much downside risk until or unless the Standard & Poor's 500 falls below the 5,300 level; meanwhile the market is telling him that money keeps flowing in and can sustain the rally longer. John Cole Scott, president of Closed-End Fund Advisors, returns from a recent industry conference that was focused on business-development companies and he gives his takeaways from the event, including how BDCs compare to private credits, how the market is changing and how some money managers are using artificial intelligence to get better information on the market trends that should help them pick better investments or to have better timing on the trades they make and more. Plus, Julie Guntrip, head of financial wellness at Jenius Bank, explores 'The Mind-Money Connection,' a study that looks at how managing money can make you happier or more stressed out. In the Market Call, Lance Cannon, portfolio manager at Hood River Capital Management, returns to discuss growth-centered small-cap investing.