Janney's Luschini: The coming recession will be mild and brief

Mark Luschini, chief investment strategist for Janney Montgomery Scott, says the market's wild swings after its hot start are the kind of action investors will have to put up with until the market sees inflation start to give way and confidence grows that the Federal reserve has made real progress. That said, he expects a recession this year but notes that the economy is lacking the conditions that typically make a downturn deep and protracted so he believes it will be mild and brief before a recovery starts. Also on the show, John Cole Scott, president at Closed-End Fund Advisors, discusses private equity and debt in closed-end funds as a way of diversifying yield and risk in portfolios now, Kyle Guske of New Constructs puts another electric vehicle firm onto the list of 'zombie stocks' in The Danger Zone, and Bill Davis of Stance Capital and the Stance Equity ESG Large Cap Core ETF talks stocks in The Market Call.