AE Wealth's Siomades: Recession is here now, but it won't linger

Tom Siomades, chief investment officer at AE Wealth Management and Advisors Excel, says that he believes the economy has been in recession for much of this year, and that he sees that ending as soon as the Federal Reserve gets inflation under control, which he expects to happen by early next year. He notes that the pundits calling for recession next year are late to the game; meanwhile, that time frame makes it easier for investors to stay the course with the investment portfolios built during the bull market. Also on the show, Matt Brannon of Clever Real Estate discusses the site's new survey showing that inflation is forcing roughly 40 percent of Americans to change buying habits on everyday goods, but which also highlights ways in which consumers misunderstand how inflation works and how bad the current situation is relative to the past. And in the Market Call, portfolio manager Adam Coons of Winthrop Capital Management discusses exchange-traded funds and the difficulty of finding issues that can be productive "satellites" to a core portfolio now.