Baird's Pierson: Worst of dislocation may be behind us, but massive uncertainty lies ahead

Warren Pierson, deputy chief investment officer at the Baird Funds, said that while the worst dislocation of the viral economy is now starting to wind down, the uncertainty ahead will shape and potentially surprise the bond market, as credit downgrades, low interest rates and more play out for at least the rest of the year as a recovery struggles to to gain a foothold. Also on the show, Preston Caldwell from Morningstar Inc. discusses the firm's best, worst and current forecasts for the economic outcomes from the COVID-19 pandemic, Chuck answers an audience question about deciding which securities to sell in order to raise cash now, and Don Rich from the Esoterica NextG Economy ETF talks stocks in the Market Call.