Edward Jones' Mahajan: Mild recession ahead; equally mild recovery to follow

Mona Mahajan, senior investment strategist at Edward Jones, says that the economy is headed for a mild recession likely to hit home during the second half of 2023, but she notes that last year's big drop in the stock market did a lot of work to the downside, and while the market's hot start to this year means there is room for more back-sliding, she thinks those declines are mostly buying opportunities for the recovery that will follow the recession. Mahajan isn't expecting a blockbuster bounce-back, but says that recoveries tend to be at least as long and strong as the downturns they follow. Also on the show, Jonathan Mondillo, head of North American fixed income for abrdn, discusses the municipal bond market thus far in 2023 -- when it has been swinging wildly around headlines and macro changes -- and says investors need to drill down to look at individual issuers to deal better with the mixed signals the market is sending. In the Market Call, Clark Kendall, chief executive officer at Kendall Capital Management, talks stocks.