S&P's Gruenwald: The current rally has legs, especially amid a soft landing

Paul Gruenwald, chief economist at S&P Global Ratings, discusses his 2024 fourth-quarter economic outlook, which suggests that the recent rally can continue especially as the economy transitions into what he expects will be its first soft landing in more than three decades. Gruenwald says the economy has been "super-resilient," and he expects that to continue unless the strong labor market falters and cracks, and the bond market stops absorbing U.S. debt at low interest rates. Gruenwald also agrees with some of the observations made by economists who took part in the National Association for Business Economics September 2024 Outlook Survey, which economist Mervin Jebaraj discusses with Chuck. In The NAVigator segment, Sean Feeley of the U.S. high yield investment group at Barings, talks about the impact the rate-cutting cycle will have on high-yield/junk investment, and Elysabeth Alfano, chief executive officer at VegTech — which runs the VegTech Plant-based Innovation & Climate ETF — brings her unique perspective on companies with wide-moat sustainable business models to the Money Life Market Call.