Commonwealth's Gaggar: Expect the banking recovery to roll on

Anu Gaggar, global investment strategist for Commonwealth Financial Network, says that bank stocks -- mostly out of favor since the financial crisis of 2008 and hit hard by the coronavirus pandemic -- are showing signs that their strong recent recovery has legs despite the threats posed by potential hikes in inflation and interest rates. Gaggar notes that since the market bottomed in March 2020, banks have outperformed the Standard and Poor's 500 by over 25 percent, adding that the risk controls put in place during the pandemic should pay off now as balance sheets across the industry have improved. Also on the show, Catherine Collinson of the Transamerica Center for Retirement Studies discusses how the pandemic has affected workers' savings and habits, Chuck takes a question about managing required minimum distributions from an IRA, and Peter Tuz, chief executive officer at Chase Investment Counsel, says in the Market Call that while he sees the potential for choppy/down markets for the rest of the year, there's still no place he'd rather put his money.