CS McKee's Allen: These times are 'the gilded age repeated,' 135 years lat

Brian Allen, chief investment officer at CS McKee, says that while stock valuations are at "heady levels," the current spending expectations for the artificial intelligence revolution can justify those high prices, and even make them seem somewhat cheap. He notes that the current economy seems like "the gilded age and industrial revolution repeated some 135 years later." While concerned with valuations, Allen remains constructive on the market, noting that the trend on forward inflation "looks to be more under control" — especially when viewed through some alternative indicators — and that investor concerns don't appear insurmountable for the market, at least for now. In the Market Call, Laks Ganapathi, chief executive officer at Unicus Research — an independent research firm that specializes in short selling — discusses how she decides which stocks to bet against, what conditions she won't challenge even when she foresees trouble ahead and more. Plus, Chuck talks about his adventures in spending and saving on a big purchase during the tax-free weekend in Massachusetts and how, to maximize the savings, he agreed to an outrageous credit card interest rate that, for a less-vigilant consumer, would quickly turn a good deal into something very ugly.