Smart Portfolio's Welsh expects volatility, a big decline, a bounceback and ...

Jim Welsh of Smart Portfolios says that he expects the market to correct to where the Standard and Poor's 500 index down as low as 3,000 before a rally in the first two months of 2021 -- largely the result of the government's next stimulus package -- possibly bringing the index back to 4,000. At that point, however, Welsh is worried that the bull market could run out of steam, vulnerable to a 'much bigger correction' as the coronavirus problem drags on. Also on the show, Bryce Rowe of National Securities Corp. talks about the strong opportunities in business-development companies now, author Marc Levenson talks globalization and his new book on how what started as moving stuff around has now become a way to move ideas, and we rebroadcast a recent Market Call covering small-cap stocks with Jay Kaplan of the Royce Funds.