Thornburg exec says the Fed and the economy should put you on defense
Jeff Klingelhofer, co-head of investments at Thornburg Investment Management, says that investors should be nervous and defensive because of the disconnect between the economy and the stock and bond markets, noting that he worries that the Federal Reserve is ill-equipped for fighting unemployment in addition to its traditional role of combating inflation. Despite the worries, Klingelhofer still believes that the domestic market is the best place to invest. Also on the show, Jeff Krumpelman of Mariner Wealth Advisors says he believes the market is headed for a correction, though he believes there is a solid foundation to enable a reasonably quick recovery from any decline. Also on the show, Ken Tumin of DepositAccounts.com discusses how consumers are changing their banking habits in the pandemic, and Mike Liss of American Century Value Fund talks relative-value investing in the Market Call.