Wells Fargo's Samana: Technicals are telling investors to 'Play on!'

Sameer Samana, head of equities and real assets at the Wells Fargo Investment Institute, says that as long as the market keeps making higher highs and lows, investors should use technical indicators as a North Star to stay in the game and ride the market higher. Samana says the market's move to record levels says that broader economy is strong enough to keep the market rolling with a "turbo-boost" from artificial intelligence on top of it providing faster growth, though he does worry about the economy overheating and needing to step back. He says the most likely scenario is for the market to "take a breather" between now and midterm elections, but "starting in November, you'll start the next leg of the bull market and it would not surprise me if that one runs well into end of next year."

Kevin Roth, managing director of research for the CFB Board of Standards, discusses the group's recent survey on Americans and financial fraud which found that most people have faced some rip-off attempts, but almost no one discusses it with families or reports it to authorities. Some 55% of Americans expect fraudsters to target them or someone close to them in the next 12 months, but less than 40% are confident they would catch every type of fraud they might face and avoid being ripped off.

Plus, Josh Stevens, chief investment officer at CresAlta Investment Management — which in May launched CresAlta Global Dividend and CresAlta Small and Mid-Cap, ETFs based around high-conviction growth strategies — talks stock investing now in the Market Call.