Dec 29, 2022
John Bonnanzio, editor at Fidelity Monitor and Insight, says that the economy keeps chugging along, and that the data suggests that the economy can avoid recession and the Federal Reserve can deliver a soft landing. Speaking in the Market Call segment, Bonnanzio says he is making gradual shifts to portfolios, moving away gradually from large-cap stocks and technology companies and moving towards value stocks including the ones that are economically sensitive that he thinks could be poised to rebound if his recession/soft landing call comes to fruition. Tom Lydon, vice chairman at VettaFi makes the iShares MSCI Turkey fund his pick for ETF of the week, noting that its the best-performing non-leveraged ETF out there for 2022, but that's no reason to think you want to jump in now, after the big gain and with so many other emerging markets and other parts of the world also presenting good values now. Plus, Chuck talks about some financial chores you can resolve, plan for or make your goals as you look ahead into the New Year.