Ryan Detrick, chief market strategist at the Carson Group, says that he expects the stock market to go through "a 4% to 6% normal, mild pullback" in short order, a downturn that he says is likely to be good for the market, helping it get ready to benefit from positive economic news and an eventual cut in interest rates. Detrick says that he expects developed Europe to remain strong, and he believes investors who are heeding market worries should rebalance their portfolios to get back onto their plan, because diversification pays off when a market is touchy about headline events.
David Trainer, founder and president at New Constructs, says that while warm Krispy Kreme donuts may make people happy, the company's stock — which he has warned about since it went through its IPO in June 2021 — is stale. He says that this is a meme stock with a negative economic book value and real potential to go to zero.
Tom Martin, senior portfolio manager at Globalt Investments, brings his disciplined, earnings-driven approach to stocks to the Market Call.