PineBridge's Schomer sees an economy strong enough to hold off recession

Markus Schomer, chief economist for PineBridge Investments, says in "The Big Interview" that he believes the U.S. economy can avoid recession, not just through the remainder of this year but into 2023 -- when many experts say recession will become official -- as well. Schomer says that people misunderstand the type of economy we're in and the type of inflation we are living through; he believes the Covid economy is still playing out, and that the supply-demand equation will find balance again, and soon enough to keep things rolling without a major market meltdown. That said, Schomer's optimism stood in contrast to Adam Grimes of Talon Advisors, whose take on the market's technical indicators suggests that the ongoing market rebound is nothing more than a bear-market rally, set up to rise high and then reverse sharply, which he thinks will happen in line with the economy slowing down further later this year. Also on the show, Andrew Wellington, co-founder and chief investment officer at Lyrical Asset Management makes his maiden voyage in the Market Call talking stocks.