Experts agree that coming market setbacks are buying opportunities

Money Life with Chuck Jaffe

Ryan Detrick, chief market strategist for LPL Financial, and Buck Klintworth, portfolio manager at Chase Investment Counsel, say in successive interviews that they see the market as poised to take a breather, a correction, a downturn or whatever you want to call a small setback. Both of them, however, were clear that any setback now and through the summer is a clear buying opportunity, as they believe the market will quickly re-establish its long-term upward trend. Also on the show, Michael Spatacco of Bancroft Capital talks about how social or ESG investors are finally getting the chance to use closed-end funds, and Eric Schoenstein of Jensen Investment Management talks about 'quality investing' -- looking for companies with 'formidable competitive advantage profiles' in the Market Call.