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Oct 6, 2022

Chris Brightman, chief executive officer at Research Affiliates, explains how he believes the British financial system was threatened during a recent pension crisis that forced central bankers there to step in to overcome a liquidity crisis. Brightman says he expects to see similar issues popping up in markets around the globe, noting that "it's really hard to engineer the sort-of global tightening cycle that we're in and not break anything in the financial system." Those troubles, coupled with the strength of the dollar, create buying opportunities for domestic investors, Brightman says, noting that long-term investors "are likely to do much better investing in the U.K. stock market than the U.S. stock market." Also on the show, Tom Lydon of says that current market conditions call for buying stocks in companies with competitive advantages that will help them weather the storm, which is why he made VanEck Vectors Morningstar Wide Moat his pick as "ETF of the Week," and Mark Yusko, chief investment officer at Morgan Creek Capital Management, says that the market is getting to a point where there are a lot of potential buys; he talks in the Market Call about seeking out the best management talent and finding the right funds and ETFs to deliver above-average performance.