Commonwealth's McMillan: Downside risks are priced in, the next move is up

Brad McMillan, chief investment officer for Commonwealth Financial Network, says that most of the damage to the stock market caused by rising interest rates has been done, and that downside risk to valuations has been priced in, leaving the market in a situation where 'We don't need to have a lot of good news to end up with a good year.' McMillan expects the market to end the year on a positive note, although he expects the story to be high volatility throughout as investors digest interest rate and inflation news. John Cole Scott, president of Closed-End Fund Advisors, checks in on business-development companies as they complete their earnings season and after a harrowing day on the market on Thursday. Emily Thornton discusses the 2023 Tax Procrastinators Report from IPX1031, showing that at least one in three Americans has reason to put off getting their taxes done this year. In the Market Call, Jeffrey DeMaso, editor of The Independent Vanguard Adviser talks about Vanguard funds and ETFs.