LPL's Turnquist: Market's winning streak portends strong run to year's end

Adam Turnquist, chief technical strategist at LPL Financial, says it's "hard to argue" with a stock market that has returned to record high levels on the back of a 9-week winning streak for the Standard and Poor's 500. Turnquist says that kind of streak has only happened 10 times before, with the momentum leading the market higher a median return of 8 percent six months after the streak. Turnquist added a note of near-term caution, saying he will not be surprised to see some summer consolidation, particularly in the technology space, but he made it clear that he expects those temporary declines to be buying opportunities. In The Big Interview, Ron Deutsch, head of portfolio strategy at Magnus Financial Group, discusses why investors who are scurrying for safety, wanting to reduce their fears are pursuing strategies that may come up short under the pressure of today's markets. He discusses how balancing risks may involve moving money to areas that safety-first investors think are high risk — but which the market has shown to be relatively safe — without going too far to the end of the spectrum. Tiana Patillo, financial advisor manager at Vanguard, discusses a recent survey by the firm, which found that more than 70% of women say they are confident about saving money, yet nearly half of them acknowledged that their savings may not be keeping pace with inflation. And speaking of inflation, Chuck answers a listener's question about whether his son's use of "buy now, pay later" programs at the gas pump makes any financial sense at all.