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May 10, 2022

Chris Zaccarelli, chief investment officer for the Independent Advisor Alliance;, says that the current economic situation is different from the Covid meltdown or other recent difficult times because "This time, the Fed doesn't have your back." As a result, investors should not expect a V-bottom to the downturn and a quick bounceback, and investors should be making marginal changes to their portfolios, playing defense and not relying on a rising tide to raise up indexes in the short- and intermediate term. In the Talking Technicals segment, Willie Delwiche, investment strategist at All Star Charts, says that the market needs to see capitulation before it can start to rebuild, and the recent heavy action has not yet represented that kind of market emotion. Also on the show, portfolio manager Lance Cannon of Hood River Capital Management talks small-cap stocks in the Market Call, and Chuck talks crypto and more in the Weird Financial News.