May 17, 2019
Two technical analysts -- Jim Welsh of Smart Portfolios and Avi Gilburt of Elliott Wave Trader -- said they expect the market to have a corrective rally from here, only to then fall to where the Standard and Poor's 500 is in the 2,600 range. Both suggested selling into rallies and becoming more defensive, and said it looks like gold is bottoming out and could be worth buying soon, though Gilburt ultimately expects the decline to be deeper and last longer. Also on the show, Matt Dreith of the Wasatch funds talks India, China and emerging markets, and Chuck discusses lasting lessons taught by the passing of his brother Rob, who would have turned 66 today.