Regions' McKnight: US market remains 'best house in a bad neighborhood'

Alan McKnight, chief investment officer at Regions Asset Management, said that the economic data shows a slowing economy that needs to respond from Wednesday's Federal Reserve rate cut by showing signs of revenue growth in order for the market rally to continue. Despite danger signs he sees in the market, McKnight noted that America remains the best place to invest, with emerging markets also looknig relatively attractive while Europe and Japan are likely to struggle for the foreseeable future. Also on the show, Tom Lydon of ETFTrends.com made an agricultural-commodity product his ETF of the Week, Catherine Collinson of the Transamerica Center for Retirement Studies discussed the readiness of self-employed workers, and George Putnam III of the Turnaround Letter covered value investing and stocks in the Market Call.