Business
Joe Kalish, chief global macro strategist at Ned Davis Research, says that while many people currently believe the stock market and economy are disconnected -- with the market thriving while the economy is hurting -- the patterns for the market and the economy are tightly linked and likely to stay that way for the foreseeable future, with the economy's path dictating what the market does next. Thus, if the economy takes a V-shaped recovery pattern, the market will continue going up, but if the recovery flattens, falters or rolls over, the market is likely to follow suit in lock-step fashion. Also on the show, Tom Lydon of ETFTrends.com talks about China with his ETF of the Week, and Bernie Horn of the Polaris Global Value Fund talks about why he has broadened out his portfolio and how the inability to be a globetrotter has affected his buys and sells amid the pandemic.