Crossmark's Fernandez: Market needs a pause, but can regroup by year end

Victoria Fernandez, chief market strategist at Crossmark Global Investments (https://crossmarkglobal.com) , says that she is expecting the market to suffer some late summer doldrums as seasonal economic impacts end and mid-term elections put their traditional damper on enthusiasm, but that there will be some support for the market near year's end, making for "a positive year, but nothing like we've seen in the last two years." She acknowledges that makes her forecast a bit more sour than many observers, but says she thinks the market is showing signs of rotating and broadening out, and that change will slow down stock gains. Also contributing to that will be continued economic uncertainty; Fernandez does not expect a recession, but noted that stagflation could be hard to avoid if inflation gets higher and stickier and the War in Iran continues past the end of this month. In the Market Call, Chuck Carlson, chief executive officer at Horizon Investment Services (https://horizoninvestment.com) — which publishes "The Best Dividend and Income Investments" newsletter — discusses the firm's analytical system, called Quadrix, for sizing up a wide range of factors, and notes that a lot of the stocks that have been leading the way have fundamentals that should allow them to keep going strong from here, regardless of the broad economic storm clouds that are making many investors nervous. Plus, Chuck answers a question from a listener who thinks his strategy of trying to make his baby grandson a millionaire in 65 years is "just showing off," because "Really, how much will a million dollars be worth then?"