NY Life's Yoon: Plan on inflation and higher interest rates

Jae Yoon, chief investment officer at New York Life Investment Management, says that he is worried about how much higher the market can go from here with valuations at or near record highs, but he believes investors can be confident about investing globally and adding emerging markets and developed Europe for growth. Yoon believes the 10-year Treasury bond will be in the 1.5 to 2 percent range by the end of this year or early next year, and says investors need to react to that, tilting towards value and small-cap stocks and shying away from technology stocks. He says that how the rate and inflation picture play out will decide the market's ability to continue rising and avoiding trouble. Also on the show, author and blogger Shannon Bush talks about 'Redefining Rich' and changing the way you value things in your life, we revisit a recent chat on technical analysis with Adam Grimes of Talon Advisors, and Ted Rossman of CreditCards.com joins Chuck to answer an audience member's question about how and why treating their credit seriously and doing the right things hasn't resulted in a near-perfect credit score.