Introduction

Jack Ablin, Chief Investment Officer of Cressit Capital, joins Barron's Live. He says the S&P 500 is up 15% year to date but has been climbing this wall of worry driven by mostly a handful of mega-cap tech stocks. Jack: The good news is the earnings growth would suggest roughly a 7% or so increase in the total return. Now we expect at least the total market, the cap weighted S&P, to be down 5%, 6%.