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Podcast: Money Life with Chuck Jaffe
Episode: Commonwealth's McMillan: Downside risks are priced in, the next move is up
Description: Brad McMillan, chief investment officer for Commonwealth Financial Network, says that most of the damage to the stock market caused by rising interest rates has been done, and that downside risk to valuations has been priced in, leaving the market in a situation where 'We don't need to have a lot of good news to end up with a good year.' McMillan expects the market to end the year on a positive note, although he expects the story to be high volatility throughout as investors digest interest rate and inflation news. John Cole Scott, president of Closed-End Fund Ad...