Jack answers a listener question about the state of the stock market. A top portfolio manager has four investment ideas.

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Perps, Buybacks, Bond Funds, and Women's Basketball

Get the lowdown on high finance each week&nbsp;with Barron’s columnist Jack Hough. Business leaders&nbsp;and trendspotters,&nbsp;insights and absurdities—this is Wall&nbsp;Street&nbsp;like you've never heard before.