Hightower Podcast: Collective Wisdom

Following up last week;s discussion of the trade war and tariff concerns between the United States and China, Joseph Klein, senior investment analyst with HighTower's investment strategy team, and Jake Falcon of Falcon Wealth Advisors, discussed their big concerns for the market, noting that the nation's evolving health-care coverage concerns lead the way. Klein said the downside risk in the biotech, pharmaceutical and managed-care industries has him leaning towards health-care technology and equipment stocks in a situation that could extend through next year's election. Falcon, also concerned with health care, noted that he has concern over technology stocks entangled in privacy issues, but also noted that he's turning a common concern -- reduced income from falling interest rates -- into a positive by diversifying and changing income portfolios now.