Schutte expects solid recovery after mild recession

Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Co. says investors should minimize portfolio moves — mostly to place a slightly greater emphasis on bonds — as they won’t be waiting long to see a mild recession lead to a reasonably robust recovery. Schutte expects small-cap companies and international investments to be among the leading group, with large stocks suffering during the decline  Also on the show, Tom Rieman, head of wealth solutions at J.D. Power, discusses the firm’s look at how investors are largely dissatisfied with their current financial advisers after struggling through 2022, and Tom Lydon from VettaFi makes a fund with an entrepreneurial focus his ETF of the Week