BlackRock's Laipply on the 'generational opportunity' in fixed income

Steve Laipply, global co-head of iShares Fixed Income ETFs for Blackrock, says that with fixed-income yields staying high and with evolving tools in new funds, investors have a generational opportunity to generate solid real returns and, more importantly, a solid income stream. BlackRock today released a new paper on current fixed-income opportunities, and Laipply discusses laddering bond ETFs with different maturities versus holding more general short-, intermediate and long-term funds, as well as the benefits of adding different types of fixed-income funds, including private credit and more. Russell Rhoads,  professor of financial management at Indiana University and co-host of Academic Market Insights, says in the "Talking Technicals" segment that he's "a beat-up bear," but he cautions that volatility remains elevated and that when the VIX volatility index is elevated when the stock market is going strong, "That usually doesn't end very well." He says that stocks are about six months into an over-valuation cycle, with the Cape Shiller PE Index hitting its highest levels in decades; "When it reaches a higher level like that," Rhoads says, "we have typically gotten a correction in the next year or two." Plus, Chuck — who wrote two different books on choosing and working with financial advisers — answers a question from a listener whose financial adviser is retiring, who now has to decide if they accept that adviser's recommended replacement, go with an adviser with whom there are family ties or starts over with someone new.