Bullish On FDX & Bearish On NFLX: Prepare For "Higher For Longer"

Small-caps are leading indices in a mixed market day. Melissa Armo discusses how a mild recession has started. She looks at how the Fed’s Kashkari noted that this might not be as restrictive as we otherwise would think, and we all want to avoid a hard landing for the economy. Melissa talks about preparing for “higher for longer” interest rates. She then goes over her stocks to watch which include FedEx (FDX) and Netflix (NFLX). She is bullish on FDX and bearish on NFLX. She also highlights the bearish case of the SPY ETF. Tune in to find out more about the stock market today.