Market's bounce 'looks like the beginning of a bull market'

Veteran technical analyst Martin Pring of Pring Research is "very optimistic over the next 12 months" because the stock market's bounce since October "looks like the beginning of a bull market," with expanding breadth and economic indicators turning up to where indicators are bullish for stocks and bonds now. Pring makes an educated guess that the market could run up to 5,400 on the Standard & Poor's 500, but notes that if the indicators change -- which he would expect after the election next fall -- the bull market could end quickly. In The Big Interview, Alex McGrath, chief investment officer at NorthEnd Private Wealth, says that while the market has been rebounding, it hasn't ecaped concerns about a recession and about the future financial health of the consumer, so he's rotating into defensive positions and looking to be opportunistic in 2024. Also on the show, Howard Silverblatt, senior index analyst for S&P Dow Jones Indices discusses how companies got more cautious late in 2023 about committing to dividend increases. Plus, Nancy Prial of Essex Investment Management and the 1290 Essex Small Cap Growth Fund talks small-cap stocks in the Market Call.