Osterweis' Vataru: 'Cheerleading' for a soft landing won't make it happen

<p>Eddy Vataru, chief investment officer at Osterweis Capital Management, says that investors are thinking wishfully that the Federal Reserve can play with interest rates and inflation to engineer a soft landing for the economy, but he believes any scenario where the Fed is not hiking rates until inflation drops to their target of 2 percent is too rosy. He says the Fed will be as hawkish as possible, trying to set market expectations about rising rates while hoping to engineer a soft landing, but notes that such a smooth outcome is unlikely, and that inflation woes will not end quickly. Also on the show, Anu Ganti, senior director of index investment strategy for S&P Global, discusses the sectors that currently are adding to portfolio diversification -- and playing defense -- and those that are just adding to portfolio volatility, Tom Lydon of VettaFi makes a classic, core growth-oriented fund his ETF of the Week, and Boston Globe staff writer Rob Weisman discusses his recent trip to the Netherlands to see the way they provide long-term care for their growing elderly population and what America could learn from their actions.</p>