SLC's Mullarkey: Market is ready to transition from growth to value

Dec Mullarkey, head of investment strategy at SLC Investments, says that the market's recovery has been largely bifurcated, with the FANG stocks benefitting from and fueling the run back to record highs while the rest of the Standard and Poor's 500 and the rest of the Standard and Poor's 500 has been struggling to recapture pre-pandemic prosperity. Mullarkey says that the market has reached the point where technology stocks have maximized their values and he expects a handoff from growth to value; the key for investors will be getting the transition right, thereby avoiding value traps. Mullarkey says that any market stalls or pullbacks could create buying opportunities. Also on the show, Greg Daco of Oxford Economics US discusses the latest National Association for Business Economics Outlook Survey -- out today -- which shows economists thinking the recovery will be long and slow and likely unfinished for at least two more years, Kyle Guske of New Constructs says that one of the stock market's biggest darlings belongs in The Danger Zone, and Chris Krumenacker of Bryn Mawr Trust discusses stocks in the Market Call.