Trillium's Smith: The coming recession will bring a bear market with it

Cheryl Smith, economist and portfolio manager at Trillium Asset Management, says she expects a recession and the bad news of that economic downturn will be contagious, with the recession hitting employment, rising unemployment will impact income levels, which hurts spending, and declines in spending injures corporate profits. That cycle could lead to a relatively long sideways period, especially if the Federal Reserve takes its time before changing its rate outlook. Also on the shot, MIT professor Yossi Sheffi discusses his latest book, "The Magic Conveyor Belt: Supply Chains, A.I. and the Future of Work," and in the Market Call, Steven Grey of Grey Value Management talks about how even a diehard stock jockey like himself should be considering bank deposits as a possible alternative during the rough times he sees dead ahead.