Feb 13, 2025
Whitney Tilson, editor at Stansberry Research, says that while there are reasons to be nervous, the market remains near record-high levels and is not showing signs that it is over-inflated and ready to burst. Tilson notes that fundamentals are strong and the U.S. has the best-performing economy in the world, so investors have correctly priced stocks at rich levels; while that makes it harder for Tilson — a value investor — to find great companies that the market has knocked down or mispriced, it doesn't make the market scary or mean that a big downturn is building. Todd Rosenbluth, head of research at VettaFi, pursues a big yield in an unusual place — the high-flyers of the NASDAQ — with his ETF of the Week, and Cullen Roche, chief investment officer for the Discipline Funds, talks about exchange-traded funds for the long haul in the Market Call.