Baird Funds' Pierson: 'Pay attention to the yields'

Warren Pierson, co-chief investment officer at the Baird Funds, says that after a long period where bond payouts were so low that investors had no choice and no alternative but to invest in stocks, things have now moved to where investors should be looking at bond yields because that's where they can find good values now.  Pierson says that odds of a recession have risen, and while he does not expect a particularly long or difficult economic downturn, he believes investors should focus on investment-grade, quality bonds to ride it out. Also on the show, Duncan Farley, portfolio manager for the BlueBay Destra International Event-Driven Credit Fund, talks about alternative fixed-income opportunities, Zach Gildehaus of Edward Jones discusses charitable giving and making donations go farther and do more, and Nancy Prial, co-chief executive officer at Essex Investment Management, makes her debut in the Market Call talking about small-cap stocks.