Sep 29, 2020
Scott Colyer, chief executive/chief investment officer at Advisors Asset Management, says that the Federal Reserve has primed the pump for the market, but noted that investors need to display some caution. Colyer points out that many people took their stimulus check to the broker and started investing, and all of that enthusiasm tends to be a danger sign for what lies ahead. While Colyer is cautious, he remains fully invested, though he believes investors need to diversify away from the hot stocks and think more broadly. Also on the show, Michele Schneider of MarketGauge.com sees the market's technicals as largely favorable, but with worry signs, John Divine of US News and World Report discusses the hot IPO market and what to expect from new issues for the remainder of the year, and Gary Bradshaw of the Hodges Funds discusses blue-chip stocks in the Market Call.