Muni bond market waits nervously on infrastructure bill

Money Life with Chuck Jaffe

Catherine Stienstra, head of municipal bond investments at Columbia Threadneedle, says that the muni market has had a good summer, but got a bit softer in August and is likely to stay that way while waiting to see how government infrastructure plans and any potential tax increases play out. Tom Lydon of ETFTrends.com -- for the second week in a row -- makes a classic fund that now is available as an exchange-traded fund his ETF of the Week; one difference this week is that the fund is a cornerstone in Chuck's portfolio. Also on the show, Barry Metzger of Charles Schwab talks about the latest Traders Pulse survey, which looks at the sentiment of investors who are making at least three dozen transactions per year, and in the Market Call, Mike Bailey, director of research at FBB Capital Partners, discusses his 'beat and raise' strategy for buying stocks with momentum.