60 minutes | Jun 24, 2021

Schwab's Kleintop: Expect bad market reactions to good economic news

Jeffrey Kleintop, chief global market strategist for Charles Schwab and Co., says that the stock market is likely to have an inverse reaction to economic news, with bad news being greeted happily because it could prompt the Federal Reserve to unwind controls more slowly, whereas positive developments may be viewed as inflationary. These attitudes could lead to heightened volatility for the remainder of the year. Also on the show, Tom Lydon of ETFTrends.com makes a real-asset play his ETF of the Week, Greg McBride of Bankrate.com discusses how investors currently and implausibly favor real estate and cash over stocks as a long-term investment, and Sam Hendel of Easterly Investment Partners talks about value investing in the Market Call.

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