Technicals and fundamentals both draw warnings for caution ahead

In separate interviews, Matt Harris, head of the outsourced chief investment officer division at HighTower Advisors and Sheraz Mian, director of research at Zacks Investment reason, both urge investor caution in the near-term future, but for very different reasons. Harris, a technical analyst, notes the recent strength of the Standard and Poor's 500 index compared to its moving 200-day moving average -- the benchmark is 11.5 percent above the average, which has occurred less than two percent of trading days over the last decade -- generally results in a two to five percent decline in two weeks to three months from when it first occurs. Mian, meanwhile, notes that while the current earnings period has been strong, there are signs of weakening results going forward, which combined with events like coronavirus should mute second- and third-quarter earnings.results. Also on the show, Julie Genjac of Hartford Funds discusses adviser expectations for 2020, and Corey Hoffstein of the Newfound/ReSolve Robust Equity Momentum Index talks stocks and ETFs in the Market Call.