GammaRoad's Rizzuto: A 'wider band of uncertainty' could push markets higher

Jordan Rizzuto, managing partner at GammaRoad Capital Partners — which uses quantitative analysis of market risk through trends, economic expansion and consumer sentiment — says that the stock market's return to record highs on narrow breadth is "indicative of what you see with a market that has already sold off materially or a market that is loading up for fuel for another leg higher." Since the market has not sold off, Rizzuto believes the extreme consumer pessimism right now could power the market through the "wider band of uncertainty" it is facing to reach higher highs. He says that having trends and economic expansion factors staying positive while consumer sentiment is negative creates the kind of divergence that can set up moves in either direction that could surprise investors.

Maria Melchor, the founder of FirstGenLiving -- a site that provides financial education tailored to the experience of first-generation immigrants, students and professionals in the United States -- discusses her recent book, "Always Have Enough: How to Build Wealth When You Don't Come from Money," and how many people have to overcome cultural and familial issues beyond simply learning the right ways to handle money before they can become financially successful.

Plus, Stan Haithcock — best known as "Stan the Annuity Man" — returns to the show to answer listener questions. He helps one listener who is deciding if they should keep and take a pension, or if they should convert it to a lump-sum distribution, and the timing of when to start taking the pension and Social Security, and another whose employer, as a result of recent law/rule changes,  is adding annuities to its retirement-savings plans.