iCapital's Amoroso: The market has adjusted to bad fundamentals

Anastasia Amoroso, chief investment strategist at iCapital, says that while the market and economic fundamentals look pretty bad, those problems have been so obvious for so long that the market has adjusted to where it is now letting slight improvements in the data lead it higher. As a result, even if the numbers show just slight improvement, the market can react positively, which should make it that both the economy and market look much better late in 2023. Amoroso is concerned that the technicals overreacted to a good January, which could lead to short-term volatility or downturn, although she generally finds technicals showing a longer-term positive trend. In the ETF of the Week segment, Tom Lydon, vice chairman at VettaFi, revisits his pick from last week -- the classic Standard and Poor's 500 fund that started the exchange-traded fund business -- with a twist, making an equal-weight index fund his selection. And in the Market Call, Lauren Hill, portfolio manager and research analyst at Westwood Investment Management discusses large-cap and consumer-discretionary stocks.