NDR's Clissold: Market low is not in, but could come without recession

<p>Ed Clissold, chief US strategist at <a href= "https://www.ndr.com">Ned Davis Research</a>, says that the stock market has never bottomed before the start of a recession, so if the current downturn doesn't rise to that level yet but you think it will, then the bottom has not been reached. The market, historically, peaks about six months before a recession, and it appears to be climbing to that peak and perhaps holding it longer than normal. It mean, he said, that there is likely a rally that ends in trouble later this year. Meanwhile, Matt Harris, chief investment officer at <a href= "https://www.hausberg.hightoweradvisors.com">The Hausberg Group</a>, says that the market has been in a trendless environment for months, failing to reach higher highs or lower lows to signal either an uptrend or downtrend; he sees continued opportunities in individual stocks even as the market moves sideways until it sorts things out. Also on the show, Kyle Guske of <a href= "https://www.newconstructs.com">New Constructs</a> discusses a stock that looks good until you read the footnotes of its quarterly earnings filing carefully, but also highlights a stock investors might want to buy after reading its quarterly notes, and tax expert Ed Slott of <a href="https://www.IRAhelp.com">IRAHelp.com</a> talks about how changes to the tax code and also changing stock market conditions are impacting the tax-planning moves investors might want to make now.</p>