Sit's Doty: Fed is following 'the wrong strategy,' which inverted the yield curve

Bryce Doty, senior portfolio manager at Sit Investment Associates, says that the Federal Reserve has been "clueless," making moves that have actually been inflationary, making it more costly for companies to do business and having companies pass those costs on to consumers. That has created an environment with an inverted yield curve and a coming recession. With that said, Doty says the worst is largely over for the bond market, but that the stock market will suffer next year when the current relief rally ends . Doty appears in two segments today, also doing The NAVigator segment, talking about how closed-end funds are an ideal tool for current market conditions and how average investors who understand closed-end funds about 80 percent should take the leap of faith to go the rest of the way. In the Market Call, Jeff Auxier of the Auxier Focus Fund talks about value investing.