Joe T. says this is a U-shaped recovery, so give it time

Joe Terranova -- widely known on Wall Street as 'Joe T.' -- chief market strategist at Virtus Investment Partners, says that the stock market and economy are not going through the kind of short, sharp downturn-recovery pattern investors have grown used to this century, but that time will resolve the issues making it so that investors with the time to ride it out -- and favoring companies with strong fundamentals -- will be rewarded for their patience. For the second week in a row, Tom Lydon, vice chairman at VettaFi, picks a core growth-oriented fund as his ETF of the Week, noting that the times call for a focus on the core investment positions right now. And in the Market Call, James Abate, manager of the Centre American Select Equity and Centre Global Infrastructure Fund -- which sit atop their Morningstar peer groups for year-to-date performance -- says that "Flat is the new up," and discusses how he has stayed ahead of the market.