ProShares Haghbin: Market's strong enough that a hawkish new Fed chair won't hurt it

Mo Haghbin, managing director for strategic ETFs at ProShares says it's not unusual to have a strong equity market when there's accommodative central bank policy, and he's expecting that to continue even with the Fed under direction of new chairman nominee Kevin Warsh. Haghbin says "It's a little bit of a Goldilocks situation right now," with the next year being an environment that seems "just right," and therefore is not particularly vulnerable to a bear market or recession.

In "The Week That Is," Vijay Marolia, chief investment officer at Regal Point Capital, discusses spiking volatility that saw precious metals reach new highs before backing away from them, looks at mixed earnings results for four Big Tech names, and discusses the merger that Elon Musk is proposing for himself — combining SpaceX with xAI — and why the seemingly strange deal isn't actually weird.

David Trainer, president at New Constructs, looks at a boutique mutual fund that on the surface looks decent but which he says holds too many dangerous stocks, which he thinks will turn three years of super-hot performance back into a long-term record of feast-or-famine results.

Plus, Chuck looks at the recently announced retirement of Will Danoff, manager of Fidelity's Contrafund since 1990, and how investors should evaluate their next response, a next move Chuck himself is considering as a shareholder in Danoff's hugely successful fund.