WisdomTree's Weniger on the potential for 'upside economic surprise'

Jeff Weniger, head of equity strategy at WisdomTree Asset Management, worries that there may be "an upside CPI surprise" coming in the second half of the year, but he also says there is "the risk of upside economic surprises" now, evidenced in the market action, where he sees basic materials, energy and "things that come out of the ground" like commodities and oil leading the way. Those are assets that normally lead late in the economic cycle, and he expects them to stay strong through 2026. Weniger also discusses why President Trump's recent nomination of Kevin Warsh as the next Federal Reserve chairman has Wall Street scrambling with changing expectations and outlooks.

Chuck goes off the news with Bob Powell, retirement columnist at TheStreet.com, to discuss his recent piece on why "focusing on the break-even point" leads many Americans to make the wrong Social Security decision. Powell notes that break-even analysis is mostly used to formulate a bet on longevity, rather than focusing on the income and inflation-protection elements that Social Security is built to provide.

In the Book Interview, Becky Robison, author of "My Parents Are Dead: What Now? A Panic-Free Guide to the Practicalities of Death," discusses the challenges facing most people as they face, unprepared, the mortality of their parents. Robison discusses her own experience after the death of her parents which, she notes, was way different than what she was prepared for by years of watching tv and movies that had her expecting a neat, tidy and orderly process.