Peter Repetto, vice president of investment strategy at iCapital, says that while rate cuts historically are good for markets — gaining roughly 9 percent in the year after cuts start historically — they do struggle if cuts are made during times of recession or downturn. Repetto expects a soft landing and moderate downturn, which is setting up for reasonably well for "rate-cut beneficiary" businesses moving forward. Repetto notes that markets also tend to gain in the 12 months after a presidential cycle, saying they tend to gain about 15 percent on average regardless of which party wins control of the White House, which should create a good market for the market if the Federal Reserve starts cutting rates amid a mild slowdown. Ahead of the expected rate cut from the Federal Reserve that is increasingly considered likely for September, Todd Rosenbluth, head of research at VettaFi, looks to the granddaddy of actively managed bond funds for his "ETF of the Week," Mark Hamrick, senior economic analyst at BankRate.com discusses a new survey showing how Americans feel their personal finances are being influenced by the current presidential candidates, and what they expect for the future depending on who wins in November, and Chuck answers a listener's question about diversifying a portfolio and how many investments to hold.