Asbury Research's Kosar says it's risk-off until the market re-tests average

John Kosar, chief market strategist, says the data is telling him that the stock market is due for a short-term pullback, noting that the Standard and Poor's 500 has been hovering in a range signalling a downturn in the offing, looking like it could test current support at the 3,233 level. If the market breaks support from there, Kosar says to expect the 200-day moving average level of roughly 3,100 to be the next test, and that the market could get to it and beyond fast before a rebound comes into view. John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance opens the show by looking back at the first year of The NAVigator segment and the tough and changing year it has covered in the closed-end space, while also looking ahead with some picks for the year ahead. Also on the show, Robert Hockett, author of "Money From Nothing ... Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve" discusses the economic fallout from current events, and Daniel Dolan of Dolan-McEniry discusses the current state of the corporate-bond market.