ChartPattern's Zanger: The market 'needs some Prozac, that's for sure'

Veteran analyst Dan Zanger, chief technical officer at ChartPattern.com, says the market right now is showing swings and moves that are reminiscent of the Internet bubble days of 2000. While that doesn't mean the market is headed for the same result, he says it creates more challenges for traders and investors, in part because they are trying to read the market off of wild swings and fast reversals. "It's definitely a very bifurcated market," Zanger says in discussing the tech and artificial-intelligence companies compared with everything else. "It needs Prozac, that's for sure."

We go Off The News with Robert Farrington, founder of The College Investor, examining the new  student-loan repayment assistance plan and changes in student-loan lending limits, both of which go into effect on July 1. Farrington says these changes will help students and parents with the personal finances around college education, helping them focus on the value of the degree, noting that the loan limits are a "stop sign," where the government is suggesting that when someone takes on more debt, they are running much higher risk of not earning back the money they put into getting their degree. He notes that this is particularly important with master's degrees, where many grad students pay up for a diploma that doesn't repay their investment in the extra training.

With private credit being an increasingly popular part of investment strategies these days, John Cole Scott, president of CEF Advisors — the chairman of the Active Investment Company Alliance — attended the Private Credit Summit hosted this week in New York City by Dechert LLP, and came away with a sense that private-credit markets have not yet gotten to the overheated levels that could turn investor fears of a blow-up into a financial reality. Scott discusses how big business development companies passed "stress tests" designed to show if they would break under severe market conditions, how insurance companies making investments into private credit are raising underwriting standards and thereby reducing the risk in private credit markets and more.