LPL's Krosby: Market 'gets healthy' on shallow downturn, modest gains in '24

Quincy Krosby, chief global strategist at LPL Financial, says that rolling recessions haven't eliminated the possibility of a true, classic recession but she doesn't think there will be anything more than a shallow downturn in 2024 as the economy continues slowing to resolve inflation and other headline issues. She expects stocks to deliver "a comfortable return" in 2024, but with volatility and a "healthy" move toward equilibrium. Don Vandenbord, chief investment officer at Revere Asset Management, makes his debut on the show talking technicals and notes that short-term trends are all strong and that the market's recent run shows that performance is broadening out, which is a bullish sign. He sees mostly positives, although the longest-term indicators he follows have not yet turned fully green. Axel Merk of the ASA Gold and Precious Metals, says that gold prices are most tightly correlated to "the confidence the market has in the central bank to manage inflation over time," so gold's rally over the last six weeks -- as well as its path forward -- is "favorable because we might be entering a recession, most notably a recession that is more severe than is currently priced into the market." Plus Brian Bollinger of Simply Safe Dividends talks quality income-producing stocks in the Market Call.