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Podcast: Money Life with Chuck Jaffe
Episode: ICON's Callahan: Don't expect a market breakout -- or a plunge -- now
Description: Craig Callahan, chief executive officer at ICON Advisers, says that the stock market is close to its fair value right now, but that 'the expensive industries the way we measure value are leading and the bargains are lagging and very sluggish,' a situation that is unsustainable and that will lead to volatile, choppy, sideways markets for the next few months. Callahan says he is holding more cash than normal but he expects to be fully invested by the fall of 2023, when he expects the market to be 5 to 7 percent higher than it is today. Also on the show, O...