Global X's Helfstein: 'This is not the nice rosy year we had in '24'

Money Life with Chuck Jaffe

Scott Helfstein, head of investment strategy for Global X ETFs says "Investors had better be ready for some chop" in 2024, but he thinks fundamentals are good and expanding and the market will broaden so that the economy and market pick up in areas that have not done well of late. Those conditions may create a volatile market but should help fight off a slowing pace of interest rate cuts. Helfstein sees several themes leading the way, most notably artificial intelligence — both the providers and the AI infrastructure — but also power companies, and then infrastructure investing. His take on infrastructure — particularly in the power business — aligns with that of Rob Thummel, portfolio manager of the Tortoise Energy Infrastructure Corp. (TYG) Fund, who lays out his case for the sector in the Market Call. Plus, Willie Delwiche of Hi Mount Research makes a technical case for the market to take a breather before it can get re-achieve record highs, and Chuck Bell of Consumer Reports discusses a recent federal proposal to ban the inclusion of medical debt on credit reports.