Ithaca Wealth's Fox says the market needs time to digest its gains

Matt Fox, president of Ithaca Wealth Management, says that while it is always bullish to have the stock market in record-high range, the 20-plus percent gains of 2023 and again this year are setting up a long period of digestion/sideways movement that may last for much of 2025. He sees the stock market with room to keep running for now, noting that he thinks the market can gain about 7 percent from current levels before resistance digs in. When that happens, he's not expecting any sort of sharp reversal or crash, just flat markets while the market adjusts. Brian Reisinger discusses his book,"Land Rich Cash Poor: My Family's Hope and the Untold History of the Disappearing American Farmer," and how the future of farming could play out at a time when demands for food are rising but the number of farms providing that food is shrinking. In the Market Call, Steven Grey of Grey Value Management discusses how he combines classic value investing with what he calls "valuation investing" to find situations in which significant mispricings become his future profits.