IPOX's Schuster says the IPO market can stay hot into next year

Money Life with Chuck Jaffe

Josef Schuster, president of IPOX Schuster, says that the market for initial public offerings isn't just hot right now — it has outperformed the stock market this year, despite the market having gone up to record-high levels — but it is safer than it has been in years, with fewer issues going public and with much of the risk of default having been shifted to the pre-IPO market. And while artificial-intelligence plays have gotten a lot of the headlines and attention, Schuster says that industrials and other sectors have seen more stable and generally more profitable IPO activity. Lester Jones, chief economist for the National Wholesale Beer Association says that the November Beer Purchasers Index shows a highly unusual but completely neutral outlook for distributor sentiment, meaning the industry can't tell if times are bullish or bearish with year-end in sight. Plus college financial aid advisor Jack Wang, host of the new "Smart College Buyer" podcast, helps Chuck answer a listener's question about college loans coming due, and jeopardinging an unprepared parent's finances.