Economic clarity, policy uncertainty, and a coming 'garden-variety' correction

The show — like the stock market and economy — moves in a lot of directions today, with Ron Sanchez, chief investment officer at Fiduciary Trust Company International, saying that there's a "high degree of clarity around the economy," — a level of sustainability and durability that he thinks will last at least through 2026 —  balanced out by a host of policy and regime changes ahead that could impact monetary and fiscal policies, regulation, trades and tariffs and more. He thinks the uncertainty being played over a strong economic backdrop should ensure that the market avoids significant trouble. Jeffrey Bierman, founder of TheQuantGuy.com and chief market technician at TheoTrade, says the stock market is setting up for a "garden-variety, nothing-to-panic, maybe 10 percent corrective move in the market," but that once that is done stocks will consolidate and the market will start to climb higher again. Neither guest thinks big gains are likely in 2025, but both think that high single-digit gains are likely. Also on the show, John Cole Scott of Closed-End Fund Advisors answers audience questions on closed-end fund investing in The NAVigator segment and Chip Lupo discusses a WalletHub survey which showed that some 40 percent of Americans think their bank is taking advantage of them.