Fort Washington's Sargen: The Fed's not pivoting, don't fight it

Nick Sargen, senior economic advisor at Fort Washington Investment Advisors, says that investors didn't expect the Federal Reserve to let troubling times linger, but now the central bank can't make a change on a dime, so investors should  now be waiting for the Fed to pivot on its strategy, a change he does not think will happen soon.  Sargen expects a recession that is "not that long and not that deep," though he acknowledges there is enough uncertainty to make it last longer before those weak spots can be shored up. Also on the show, Tom Lydon of VettaFi looks to an international fund that hedges currency risk -- a hot topic in today's markets -- for his ETF of the Week, Maria Feller of SurePayroll talks about a survey showing that nearly 40 percent of Americans find that subscription services -- managing them and getting the most out of their money -- is adding to their financial stress, and in the Market Call, Justin Carbonneau, vice president at Validea.com discusses the ways in which legendary investors are or would be picking stocks in today's downbeat market.