In today's episode, Sector Strategist, Denise Chisholm, joins host Pamela Ritchie to discuss the Fed's next move and what it might mean for various sectors. The market is concerned that the Fed will control the cycle, but history suggests otherwise. Denise believes that even though the Fed might not be correct right now, they will be correct eventually. Denise notes that in 2013, the market equated tapering to a Fed rate hike; this was not the case. She says this time, the market should understand that tapering is very different from a federal hike cycle. Additionally, Denise discusses stagflation noting that recessions begin when consumers think they would not have enough money next year. She says investors should look at confidence levels in the market, wage expectations, and consumer inflation expectations to predict recessions. Denise also adds that the energy sector and oil are interesting markets, noting that oil has its own supply and demand fundamentals.

Recorded on August 6, 2021.