Vanguard's Patterson: Growth's slow return should stave off a recession

Andrew Patterson, senior international economist at The Vanguard Group, says that recession "is not our base case right now," because economic growth is coming in at reasonable levels, even if it is taking longer than the Federal Reserve was hoping for to achieve that healthier level of activity. Patterson thinks GDP growth can be back to its long-term trend levels by the end of the year. Kathryn Kaminski, chief research strategist at AlphaSimplex Group, talks about alternative investing and how the market has turned has done a 180-degree turnaround from the pandemic's early days -- when one of the best strategies involved being long in bonds and short on commodities -- to what is working now. Also on the show, Jessica Bryant, analyst for BestColleges.com, discusses a survey showing how many people are stymied in their ability to change/upgrade jobs by financial factors like gaps in health insurance coverage or a cash cushion that's too small to cover rent during the transition; and Chuck answers a listener's question about how many investments is too many.