Evergreen Gavekal's Hay: Expect a downturn and more banking woes by year's end

<p>David Hay, co-chief investment officer at <a href= "https://www.evergreengavekal.com">Evergreen Gavekal</a> -- the author of the <a href="https://www.haymaker.substack.com">Haymaker newsletter</a> -- says the economy has been throwing 'a huge head fake right now' that has convinced a lot of pundits that the Federal Reserve can pull off a soft- or no-landing scenario. That's not what he's expecting, however, noting that there are plenty of indicators to suggest that troubles are mounting. Also on the show, Tom Lydon of <a href="https://www.vettafi.com">VettaFi</a> turns to an income fund for his ETF of the Week, Catherine Collinson of the <a href="https://www.transamericacenter.org">Transamerica Center for Retirement Studies</a> discusses <a href= "https://www.transamericainstitute.org/docs/default-source/research/post-pandemic-retirement-realities-multigenerational-workforce-report-july-2023.pdf"> the changing outlook that different generations have for their retirements</a>, and William Smead of the <a href= "https://www.smeadcap.com">Smead Value fund</a> taks stocks -- and holding unpopular positions for a long time -- in the Market Call.</p>