Shelton's Rosenkranz: Uncertainty is creating volatility, and bond bargains

Jeff Rosenkranz fixed income portfolio manager at Shelton Capital Management — manager of the Shelton Tactical Credit Fund — says that what investors are facing more than sticky inflation and interest rates is sticky uncertainty. That doubt has increased volatility, especially in individual companies, industries and sectors as proposed tariffs play out, but that turbulence represents new opportunities for credit buyers, especially in intermediate term corporate and high-yield bonds. David Trainer of New Constructs puts Spotify back in the Danger Zone, noting that a recent pop in the company's stock price has inflated to the point where valuations reflect revenues so unrealistic that a 50 percent haircut in the stock would be considered mild. Plus, Ted Rossman discusses a Bankrate.com study which shows that more than 80 percent of Americans spend money on at least one of six common financial vices (alcohol, lottery tickets, casino games, tobacco/cigarettes/e-cigarettes, sports betting, and marijuana/recreational cannabis), and Scott Davies, chief investment officer at CDAM, talks small-cap stocks in the Market Call.