CMI, T, ULTA: Stock To Watch In The New Year

The Fed is still on the path of rising rates to control inflation, says Ken Van Leeuwen. He previews the FOMC announcement today at 2pm ET and the Jerome Powell press conference today at 2:30pm ET. He talks about how U.S. yield inversion remains, signaling that a recession is around the corner. He discusses how corporate profit and consumers are getting squeezed. He then goes over how we expect volatility to continue and there is a high change that the U.S. sees a recession in 2023. Finally, he notes investing trends for the new year, and stock to watch in 2023 which include Cummins (CMI), AT&T (T), and Ulta (ULTA). Tune in to find out more about the stock market today.