Raymond James' Adam: Mini recessions and modest downturn portend '23 recovery

Larry Adam, chief investment officer at Raymond James, says the economy is going through a series of rotating, mini-recessions affecting certain industries, which will lead to a modest recession in the middle of the year, but once but that happens he expects interest rates to start falling, inflation to keep slowing and the Federal Reserve ending its tightening cycle, he expects price/earnings multiples to expand which should help markets go higher. Mark Newton, global head of technical strategy at Fundstrat Global Advisors, is equally optimistic in the Talking Technicals segment, saying he expects the Standard and Poor's 500 Index to end the year up more than 15 percent near 4,500, with technical indicators suggesting to him that the worst is over and that the market bottomed out in October of 2022. In The Market Call, Tom Graff, head of investments at Facet Wealth, discusses altering ETF portfolios to reflect coming changes in inflation, interest rates and more.