Evanston Cap's VanGelder: Complicated global picture creates intriguing opportunities

Kristen VanGelder, co-chief investment officer at Evanston Capital — a firm that manages hedge funds built out of hedge funds — says that sophisticated money managers have very different sentiments about current market conditions than Main Street investors, noting that where average investors are showing lousy sentiment numbers, sharpies are leaning into the market's increasing "dispersion" and the ability to play one thing against the next to turn volatility into profits. She says that global macro investors "have the glimmer in their eye," because the pressure of war and a complicated global inflationary picture are creating opportunities beyond what investors can fund sticking with fundamental investing domestically. Todd Rosenbluth, head of research at VettaFi, goes away from his long-running trend of focusing on actively managed ETFs and turns to a new Vanguard high-yield corporate bond index fund as his "ETF of the Week," noting that the ultra-low fees on the fund and the outperformance of the index make it something to consider now.  In the Market Call, Tom Martin, senior portfolio manager for Globalt Investments, discusses his earnings-driven investment style and what to make of the volatile market reactions around perceived "sand-bagging," where companies meet profit projections but the Street doesn't think expectations were set high enough.