Episode Summary

Jim Paulsen of The Leuthold Group and Paulsen's Perspective joins the podcast to discuss his views on S&P valuations, the possibility of inflation and a market outlook. Our own Mark Schoeff Jr. fills Jeff and Bruce in on Barbara Roper's move to the SEC from her longtime work for the Consumer Federation of America.

Episode Notes

Jim Paulsen — 0:30-37:15

• How valuations have changed in the market.
• Why they’ve changed — reduced cyclicality, fewer recessions, changed economy.
• Investing in the face of that change.
• Jim’s market outlook.
• The risks of inflation versus strong fundamentals.
• Reduced fixed-income exposure and the broader market effects.

Mark Schoeff Jr. — 38:45-55:30

• Barbara Roper’s background and her potential focus at the SEC.
• How Gary Gensler’s approach is shaping up.
• Where Roper’s focus might be.
• Will she have room to succeed at the SEC?
• The SEC’s public and social media presence.

Background on this week’s cover story on alternatives — 55:30-1:01:20

Related Article:  Alts may provide the lift 60-40 portfolios need

Related Article:  Investor advocate comes off the sidelines, gets into the regulatory game

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Guest Bio:

Jim Paulsen is chief investment strategist of The Leuthold Group. He is a member of the investment committee, authors market and economic commentary, and works with the Leuthold investment team in serving institutional, financial adviser and investment professional clients. He will continue writing his long-running newsletter which will be published and distributed alongside Leuthold's premier monthly research product, Perception for the Professional.