Carley Garner, senior commodity strategist at DeCarley Trading, says the stock market looks unbalanced to her, with the current rally built around mechanical issues, like an explosion of option sales that impact market performance. She is expecting a pullback, and says things could get ugly — with the Standard & Poor's potentially losing at least 1,500 points, — about 2,000 points — which is why she has moved an overweight part of her own portfolio into Treasuries. She sounds a note for caution during the conversation, noting that "Markets are unforgiving in the short run, but in the long run they are very forgiving. Almost always, you will get an opportunity — it might be months or years down the road — to get back at a price that is reasonable and something you are comfortable with, as opposed to chasing it."

Veteran market observer Nick Sargen, a regular contributor to The Hill, returns to The Big Interview to discuss the updated version of his book, "Global Shocks: An Investment Guide for Turbulent Markets." Sargen says the market is going through a lot of events — from the war in Iran to the fighting in ukraine, and more, but these events haven't had the historical impact on the market expected by these shocking events because artificial-intelligence spending has been so big that it just keeps the market powering along. "The optimism over A.I. in the stock market is having more impact on investors than the pessimism that consumers are currently feeling."

John Cole Scott, president of CEF Advisors and the chairman of the Active Investment Company Alliance, returns to the show to discuss how recent troubles in business-development companies created a haves and have nots" among BDCs, with the ones that have exposure to software loans suffering and struggling while the ones that aren't in software represent a strong opportunity to get double-digit yields and solid returns on equity.