TCW's Whalen: Recession odds down, but volatility rising

Bryan Whalen, chief investment officer and head of fixed income at TCW says he's now putting the odds of a recession at 60 percent, down from 80 percent at the start of the year, but he suggests that even in a no-landing scenario, investors can expect dramatically higher volatility as stock and bond markets head into 2026. Whalen pointed out that with rate cuts starting to take hold, investors may want to keep some powder dry for the opportunities he sees ahead as the market responds to how the Fed plays out the cycle.

In the Market Call, Ardal Loh-Gronager, founder of Loh-Gronager Partners — the author of "The Perceptive Investor: The Art, Science and Temperament of Successful Value Investing" — discusses his take on value investing, which is a mix of classic Warren Buffett style with a bit more trading and a broad industry-based focus as a starting point.

Plus, as investors deal with the latest interest-rate cuts, Todd Rosenbluth, head of research at VettaFi, picks an actively managed municipal bond fund as his "ETF of the Week."