Real Life Trading's Newsome on why his next move is to cash

Money Life with Chuck Jaffe

Jerremy Newsome, founder of Real Life Trading, says that with the election looming after the traditional summer-fall doldrums — and having already hit his profit targets for the year — he is about to move 100 percent into cash. "I think it's too easy right now," he says. "We're too high, it's too easy, everything is going straight up ... no reason not to be all up in cash up here for me." Newsome was clear that he's selling into strength and locking in profits, because he does think the market will be going higher once there is more certainty after the election; he expects to have at least half of his money back into stocks by the end of the year. Mark Gatto, co-founder and co-chief executive officer at CION Investment Group — which runs CION Investment Corp., a business-development company — discusses the heavy interest and cash-flow into BDCs and how that is changing the space and making it important for investors and advisers to "pull back the layers to understand what they are investing in," paying particular attention to the deals and credit quality a BDC gets involved in. Plus, Christopher P. Davis of Hudson Value Partners gives his take on value investing, — which mixes in more macro factors than the traditional bottoms-up value manager — in the Money Life Market Call.