EY's Daco: The weight of uncertainty now is testing a strong economy

Money Life with Chuck Jaffe

Greg Daco, chief economist at EY, says the economic numbers are strong, but the high level of uncertainty has it nearing a tipping point and making recession more likely. He sees the potential for consumer issues and a recession risking, and says there is a real -- but modest -- chance of stagflation putting the Federal Reserve in a real policy bind. Sarah Wolfe, senior economist and strategist for thematic and macro investing at Morgan Stanley Wealth Management, talks about what other economists are thinking, as she highlights the March Economic Policy Survey, released today by the National Association for Business Economics. David Trainer of New Constructs revisits Carvana, a stock which has defied gravity for over a year; he says it can't shake its status as a zombie stock headed for a massive decline. John Barr, portfolio manager for the Needham Funds, discusses his aggressive growth strategy.