Crossmark's Fernandez: Today's positives won't stop recession in '23

Victoria Fernandez, chief market strategist at Crossmark Global Investments, says that while there are real positives to take away from recent market activity, the lag effect from Federal Reserve actions will slow growth, earnings and profit margins sufficiently to create a small recession in the spring or summer of 2023. She recommends selectively managing portfolios to add balance, but warns against "taking wild swings at this market because things can change too quickly and you'll get caught on the wrong side of that." Veteran technical analyst Martin Pring of Pring Turner Research says that most of the indications he is seeing on the secular trend are negative right now, which is why he is keeping powder dry waiting for signs that there is more potential for real upturns rather than short bear-market rallies. Plus, Vern Sumnicht, chief executive officer at iSectors.com, makes his debut in the Market Call talking exchange-traded funds.