Value manager Auxier: There's a lot of really cheap stocks right now...

The stock market may be back to record high levels, but Jeff Auxier of the Auxier Focus Fund notes that the rally has been narrow with just 6 percent of stocks at or near their peaks. Auxier believes the coronavirus pandemic has left many stocks in buying territory because it amounts to a 'fixable temporary problem,' the kind of thing that knocks down a stock price without impairing it permanently. Also on the show, Lawrence Holzenthaler of Symphony Nuveen discusses high-yield investing in a low-rate environment, and the disconnect between the how the equity and credit markets are thinking right now, Scott Kimball of BMO TCH Core Plus Bond Fund talks the broad fixed-income picture and Ted Rossman of Bankrate.com talks about the site's latest survey on how schooling decisions being made now are having a financial impact on the families dealing with them.