Johnson's Andrew sees 'more negative outcomes than positive ones'

Money Life with Chuck Jaffe

Brian Andrew, chief investment officer at Johnson Financial Group, sees more potential negative economic outcomes than positive ones, ranging from a likely recession to possible stagflation, which should keep investors cautious but looking for opportunities in the year ahead. While he worries about the troubles ahead -- particularly with two wars in the world right now -- Andrew says he does not expect a deep global recession, but something more isolated and affecting some pockets of the market -- like interest-rate sensitive businesses -- harder than the rest. Also on the showm, harder than others. Roxanna Islam of VettaFi discusses how ETFs that buy closed-end funds have held up in a year when closed-end funds have delivered high yields but low total returns and seen widening discounts. Dan Passarelli, founder/chief executive, Market Taker Mentoring says the market is currently stuck between its 50 and 200 day moving averages, which makes movement hard to determine but which is creating short-term volatility conditions that are favorable for traders. Plus Rob Thummel, senior portfolio manager at TortoiseEcofin, talks about hwo dividend-hungry investors are going to find what they want moving forward in the energy sector.