NW Mutual's Schutte: Narrative is changing, but market will rally from this

Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Co., says that war, inflation and more are changing the narrative for the market, but mostly for the short term. He still believes the domestic stock market is positioned to outperform later this year and into 2023 as the strong economy is able to flex its muscle and have influence that overcomes the headlines. He suggests looking for companies in areas that are becoming undervalued now, like small-cap stocks. Also on the show, Tom Lydon, chief executive officer at ETFTrends.com, makes the ETF of the Week a trend-following play on a commodity and, in the Market Call, Dave Sekera, chief U.S. market strategist for Morningstar, makes his debut talking about stocks and a market that he says has pivoted from overvalued to about 10 percent undervalued now after the early struggles of the year, making it much easier to find stocks worth buying.