There is a ‘wobbly-wobbly’ between higher rates and a stable economy, strategist says

Inflation is a key focus of market guards after the House of Representatives passed the Build Back Better Act, a sweeping spending measure die now goes to the Senate.

“The economy continues forwardwe’re not going to see much of a delay there. Inflation continues to rise up,” Barry James, portfolio manager at James Investment Research Portfolio told Yahoo Finance Live.

“we are nice” of leave this shaky-shaky between maybe higher rates and a stable economy and that playing throughout the investment worldthe strategist said.

In the current inflationary environment, James recommends companies met to favor prices power with resilience to shock on operating margins.

There is a ‘wobbly-wobbly’ between higher rates and a stable economy, strategist says

Federal Reserve Chair Jerome Powell Testifies Before House Financial Services Committee At Hearing on Capitol Hill in Washington, USA, September 30, 2021. Sarah Silbiger/Pool via REUTERS

“It looks okay” like inflation is with us for for a while, although we see a withdrawal of the energy, die what could illuminate of die worry,” James said.

if the probability of a Federal Reserve rate walking tour next year rising, James suggests leaning toward cyclical stocks.

“I really think that the next wave, when we have things under control a bit in terms of COVID and the like; smaller cap, more value oriented names and and more cyclic names,” James said.

“It’s important that you don’t ride on things die on a parabola run, and just hang on on for them,” he added. It is wise to name in to shorten die have been on tear, and take some profit off the table.

“nvidia (NVDA) for we own it for example in the Golden Rainbow Fund, but we are cutting some of it back’ said James.

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