'Markets have hit an air pocket,' turbulence will persist

Ron Sanchez, chief investment officer at Fiduciary Trust Company International, says that markets are facing some resistance in September after seven consecutive months of gains, and he expects that increased choppiness to continue into October, but his long-term outlook remains highly constructive, noting that economic growth from the recovery is being pushed out into 2022 and '23. Sanchez believes that we're still 'in the first half of this economic cycle over the next two or three years where economic growth could be north of 3 percent and closer to 4;' that would represent economic growth that is more than double pre-pandemic levels. Also on the show, Tom Lydon of ETFTrends.com makes a small, new thematic fund his ETF of the Week, saying he has big expectations and hopes for the fund, and Chuck answers a listener's question about whether and how to factor small investment positions and ideas into a portfolio. And in the Market Call, Mike Larson, senior analyst at Weiss Ratings, talks about 'safe-money' stocks in today's complicated environment.