First American's Fleming: 'Not pandemic hot, not monetary tightening cold'

Mark Fleming, chief economist at First American, expects the housing market to be better in 2024, and while it won't be as hot as it was during the pandemic nor as cold as it was after that run, "it's not quite right yet either, just better." He says the Federal Reserve's actions -- and he expects three or four rate cuts this year -- will determine just how strong the economy and the housing market are this year. Still, he thinks a downturn for the broad economy could actually help the real estate market. Bryan Armour, director of passive strategies research at Morningstar, discusses last week's Securities and Exchange Commission approval of spot bitcoin ETFs, and how investors should size up the resulting boom of new cryptocurrency funds. In the Market Call, Michael Campagna, senior investment analyst at Moerus Capital Management talks about global deep-value investing.