Bitwise's Hougan: This is 'classic, Year One bull market in crypto"

Matt Hougan, chief investment officer at Bitwise Asset Management -- the nation's largest crypto index fund manager -- says that cryptocurrency has historically moved in four-year cycles, with a big move upwards followed by a big reset. Last year, when crypto suffered losses bigger than the down market, was the setback; now crypto assets are in the recovery phase -- which he says most investors aren't paying attention to -- setting up "a significant and sustained bull run in crypto." Also on the show, Brendan Ahern, chief investment officer, KraneShares -- the editor of ChinaLastNight.com -- says that a four-year losing streak in China has positioned the market there as a global value play, noting that he thinks many investors are lost in the headlines over trade concerns and focusing portfolios on the "very crowded trade" of U.S. markets rather than eyeing the potential for an economic turnaround/comeback in China. In the Market Call, portfolio manager Brian Mulberry of Zacks Investment Management, talks about the firm's earnings-consistency purview in picking stocks.