AAP Podcast #24: Persistent inflation and the Fed, 2023 Leaders & Laggards and what to watch next

As he gets ready to talk the ins and outs of thematic investing at the College of Charleston’s 9th Annual Strategic Investment Symposium, Chris Versace and Smarts editor Todd Campbell discuss the evolving narrative as the stock market wrestles with stickier-than-expected inflation and the potential Fed response.  The two share their thoughts on what this likely means for earnings expectations and when they might bottom out. Todd discusses the significance of what sectors are leading the market, and which one are lagging. Chris shares why he is focused on what Salesforce (CRM) says about the dollar next week and why the February ISM data will be for him next week. And before the two share their predictions for near-term revisions for 2023 S&P 500 earnings expectations, they touch on EV infrastructure spending and why folks shouldn’t rule out moves by the likes of BP (BP), Exxon Mobil (XOM), and Shell (SHEL).