MRB's Colmar: Bank on 'higher for longer' interest rates

Phillip Colmar, global strategist at MRB Partners, says that the Federal Reserve is not going to give the market the five or more interest rate cuts it has been expecting. As a result, he suggests banking on bond yields that will stay higher for longer, even if the central bank gives a token cut or two; on stocks, he expects a better growth picture without a recession or a big correction, but because valuations are high he is looking to securities with earnings power, so he is thinking mega-cap financials, aerospace and defense companies and more. Nick Young, chief experience officer at Money Pickle, discusses what savers and investors should expect from a first meeting with a financial adviser and how to guard against falling in love at first conversation, Chuck answers a listener's question about the differences between closed-end funds and exchange-traded funds and Taylor Krystkowiak, investment strategist at the Themes ETFs, talks thematic investments in the Market Call.