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Nov 13, 2023

Ed Clissold, chief US strategist at Ned Davis Research, says he expects a choppy market through the first half of 2024, but says the market won't uncork an ugly bear market without a significant recession, which he does not currently expect. That said, the volatility and the economic conditions should help the "SHUT stocks" -- staples, health care, utilities and telecom -- which are defensive, dividend-oriented plays, currently "the most oversold they have ever been." If interest rates drop and dividend payers get a boost from investors seeking yield, Clissold believes defensive plays will have a strong rebound. Also on the show, Ed Slott of discusses the year-end tax considerations investors should be thinking about now, David Trainer of New Constructs comes up with a Thanksgiving turkey, revisiting a Danger Zone pick that has gone all the way to zero and another pick that seems headed for bankruptcy, and Sam Huisache discusses a Clever Real Estate study showing that housing prices in states that have legalized recreational cannabis use are higher and rising faster than property values in states in which marijuana remains illegal.