Apr 29, 2022
Craig Johnson, senior research analyst at Piper Sandler, says
that the market's current washout is setting up "a very healthy
rally into year-end" that could see the Standard & Poor's 500
finish the year above 4,700, a particularly healthy move because
the current pain and decline has longer to go before the turnaround
begins. Johnson is currently overweight in energy, basic materials
and large-cap technology stocks, and underweight in health care,
communications/media stocks and consumer cyclicals. That
interview contrasts with Bill Stone, chief investment officer
at Glenview Trust, who suggested that investors hold tight to
fundamentals and the teachings of Warren Buffett, understanding
that while there may be a rally in the market, there is a recession
on the horizon, likely arriving after the next year. Also on the
show, Nathan Shetty, head of multi-asset for Nuveen, discusses
diversifying to generate consistent gains and safety in a
low-return environment, and author Scott Nations discusses his
new book, "The Anxious Investor; Mastering the Mental Game of
Investing"