CUNA Mutual's Knapp on how much recession is required to beat inflation

Scott Knapp, chief market strategist at CUNA Mutual Group, says that central bankers are engineering a recession in order to kill inflation, and that investors are asking the wrong questions when they wonder how deep and how long a recession will be instead of wondering whether the mild recession most people expect will be enough to get the job done and fix the problem. Knapp believes that inflation is stubborn enough -- and that core inflation is accelerating -- to force a "more meaningful recession" that creates a longer downturn. Despite that forecast, Knapp says he is sticking with current asset allocations to ride things out, noting that a lot of the recession is already priced into the market. Also on the show, Kyle Guske of New Constructs revisits Tesla in "The Danegr Zone," discussing whether Elon Musk's distractions are adding pressure to a tenuous market position, Jenn Tracy discusses an IPX1031 survey in which half of Americans say that their dream home is "unattainable" in today's rising-rate, high-cost real estate market and, in the Market Call, David Barse, chief executive officer at XOUT Capital discusses the importance of eliminating worrisome stocks from a portfolio.