Whitney Tilson: Grind it out, hold on and avoid 'the crazy nonsense'

Whitney Tilson, chief executive officer at Empire Financial Research, says that while headlines are driving investors to distraction, the stock market right now is neither too hot nor too cold. Other than regional banks, he says there's no blood in the streets, the market 'isn't screaming cheap or hugely overvalued either,' making this a time for investors to grind it out and work on their holding, rather than buying or selling. 'The key,' he says, 'is not in picking the next calamity, but avoiding the crazy nonsense.' Sarah Foster discusses her recent story on Bankrate.com on how inflation is damaging the finances of younger generations and how that has the potential to damage the economy as Gen Z and millennials adjust their spending and savings habits. And, in the Market Call, Kathy Boyle, president of Chapin Hill Advisors looks at the macro picture and talks about which exchange-traded funds can take advantage of the current opportunities.