Baird's McAllister: Bonds are working as your safe haven now

Duane McAllister, senior portfolio manager at Baird, says investors are right to be leaning into the fixed-income market as a safe haven amid current market turmoil, noting that the relationship between stocks and bonds has normalized, unlike 2022 when bonds moved in sync with stocks and investors lost money in both. With yields relatively high and holding steady, McAllister said bonds are proving their value as safe, stable holdings. Kerry Sette, head of consumer insights and research at Voya Financial, discusses the firm's latest consumer survey which showed that there is a growing fear that the economy and inflation will have a major impact on the ability to accumulate retirement savings. John Cole Scott, chief investment officer at Closed-End Fund Advisors, answers audience questions on finding the best closed-end funds, spotting pending distribution cuts and more, and in any sector, and Peter Tuz, president of Chase investment Counsel, talks growth stocks in the Market Call.