Ritholtz: Think 'probabilities,' instead of 'This is what happens next'

Barry Ritholtz, chairman and chief investment officer at Ritholtz Wealth Management, says that while the stock market has blown past multiple red flags and warning signs, investors should not be acting as if indicators like an inverted yield curve, events like war or tariffs, or a simple market winning streak are leading to some sort of fast market shift. Rather than getting caught up in the next news story, Ritholtz says to focus on diversification and common-sense long-term investing strategies, and he notes that for all of the reasons investors are nervous, he would focus on earnings, noting that if he had only one variable to look at to forecast the market's potential, it would be earnings. So long as that trend continues — and he expects it to — the market should keep gaining ground.

Todd Rosenbluth, head of research at VettaFi, looks to emerging markets with his ETF of the Week, picking a classic, low-cost, long-term fund that he says can be a core holding for investors looking to increase foreign exposure.

Plus, Chuck discusses comments by Elon Musk suggesting that Americans really don't need to save for retirement any more. As ridiculous as that might sound, the principal Musk is relying on is called "universal high income," and it suggests that retirement savings won't be necessary because the abundance created by productivity gains created by artificial intelligence will make it so that all future material needs are easily met. While that outcome is possible, Chuck explains why you might still want to fund your Roth IRA for a while.