HYCM's Coghlan: U.S. banking woes are creating global trouble

<p>Giles Coghlan, chief market analyst at <a href= "https://www.hycm.com">HYCM</a>, says that the financial concerns springing from the current bank concerns are building a currency and economic crises for the rest of the world, noting that the situation has changed interest-rate expectations for central banks around the globe. He expects the Federal Reserve to follow the path set by the ECB -- Europe's central bank -- moderating expectations and hinting at rate cuts starting late this year, triggering significant market volatility as investors respond to the news. Also on the show, Stan Haithcock — <a href= "https://www.theannuityman.com">Stan the Annuity Man</a> - returns to help Chuck answer a listener’s question about dollar-cost averaging into annuity products, Chuck discusses stock-picking gone wrong and Jim Cramer in today’s wild markets, and Daniel Kern, chief investment officer at <a href= "https://www.nixonpeabody.com">Nixon Peabody Trust Co</a>., talks stocks, funds and ETFs in the Money Life Market Call.</p>