Leuthold's Chun Wang: It's late in the cycle, expect trouble in 12 - 24 months

Chun Wang, senior analyst at Leuthold Weeded Asset Management, said that his firm's analysis of the market has made the portfolio managers defensive, slightly below neutral on holding stocks, largely because the long-term picture is showing too many negatives, signs that there could be trouble ahead with a significant correction or bear market in the next year or two. Meanwhile, Lindsey Bell of CFRA Research noted that current conditions appear solid, but that second-quarter earnings results will say a lot about whether hte market can avoid a downturn for the rest of the year; she expects those upcoming quarterly numbers to be better-than-anticipated, allowing the market to at least retain current gains for the rest of the year. Also on the show, Tome Lydon of ETF Trends.com talks about an usual precious metals fund, and Jill Gonzalez of WalletHub covers travel credit cards.