3EDGE's Folts: With U.S. markets overvalued, favor foreign stocks

Fritz Folts, chief investment strategist at 3EDGE Asset Management, says the domestic stock market "Has to go down a lot more from here to be considered at fair value," which is why he has more money working in international stocks, particularly in Japan, where markets are more fairly valued and central bankers have not had to tighten up monetary policy the way the Federal Reserve has had to in the U.S. He gives his most optimistic, pessimistic and realistic look-aheads to 2024. Ron Lieber, money columnist at The New York Times, goes off the news on his recent story about banks suddenly and unexpectedly closing down some consumer accounts without warning, leaving surprised customers at a loss and struggling to pay bills, make payrolls and more. In the Market Call, Chris Retzler of the Needham Small-Cap Growth fund discusses the struggles that smaller companies have had in a market dominated by a few big names.