Manulife's Thooft sees 'real evidence that the economy is weakening'

Nate Thooft, chief investment officer and senior portfolio manager at Manulife Investment Management says he's not "banging the table to be significantly overweight" in the technology issues that have carried the stock market back to record high levels. He says investors should be looking at areas besides U.S. tech stocks — shifting into small-cap stocks, health-care companies, real estate investment trusts and more — to keep moving forward at a time when he sees real signs that the economy is slowing.  Alex Coffey, senior trading strategist at Charles Schwab, is less worried about the market's ability to keep pushing forward led by the big names, noting that "We're at all-time highs for a reason," and saying the Standard and Poor's 500 index could reach 6,000 before the year is done. Miguel Laranjeiro, investment director at abrdn, sees rate cuts making muncipal bonds more attractive, which he says will trigger "the beginning of a robust in-flow cycle into the muni space." In the Market Call, Scott Rosenthal, portfolio manager for Hotchkis & Wiley Capital Management, discusses worldwide value investing.