S&P's Gruenwald: There must be 'a landing, 'there will be a slowdown'

Paul Gruenwald, chief economist for S&P Global Ratings, says that the economy must land but the question is 'Can it land in a reasonably smooth way or do we have a sharp correction downward' that triggers a recession. Gruenwald says the Federal Reserve has been surprising the market with its determination to reach its goals, and that while it puts off rate cuts for the next six to 12 months the market will adjust in ways that result in a slowdown and some profit-taking. Also on the show, Kimberly Flynn of XA Investments discusses the rapid growth in interval funds holding alternative investments, noting that the industry is in the 'second inning' of a dramatic growth cycle. And in the Market Call, David Barse of Xout Capital discusses the ins and outs of a system that seeks to invest in the best of the stock market's top companies.