Mark Falter notes the market is priced for a soft landing and a Fed pivot, although he believes this is a low probability event. He thinks it is hard for the Fed to use a blunt instrument to manage a soft landing in such a complex and dynamic economy. Falter outlines his stock picks, which includes Apple, Chevron, and Peabody Energy. He highlighted Apple's strong free cash flow and growing services business - namely in Apple Pay and its cloud.
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