May 26, 2021
Sam Stovall, chief investment strategist at CFRA Research says that there are plenty of reasons for investors to be concerned about the stock market now, though he notes that since World War II the market has mostly avoided significant downturns in the month of June. He is not opposed to turning defensive and rotating into health care and consumer staples -- rather than retreating from potential troubles -- but he relies on stock market history as 'virtual valium,' a calming agent that reminds him that investors who get out of the market historically tend to do worse than investors who ride out the troubles. 'It is typically better to buy than bail,' he says, and he suggests that investors should be looking for things to be buying next, as the market gets volatile as the economy adjusts to reopening from the pandemic. Also on the show, Brian Dress of Left Brain Investment Research talks about how the changing market has the firm looking for more growth-at-a-reasonable-price picks,and that Salesforce.com looks great when evaluated that way now, and Chris Retzler of the Needham Small Cap Growth Fund talks small companies in the Market Call.