Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: NDR's Clissold: Choppy markets ahead, but no 'nasty bear market'
Description: Ed Clissold, chief US strategist at Ned Davis Research, says he expects a choppy market through the first half of 2024, but says the market won't uncork an ugly bear market without a significant recession, which he does not currently expect. That said, the volatility and the economic conditions should help the "SHUT stocks" -- staples, health care, utilities and telecom -- which are defensive, dividend-oriented plays, currently "the most oversold they have ever been." If interest rates drop and dividend payers get a boost from investors seeking yield, Clissold believes defensive plays will have a strong rebound. Also on...