U.S. indices are bouncing back and volatility is relenting somewhat, but investors are still cautious as the Federal Reserve begins raising interest rates. Nathan Rex sees opportunities within multiple sectors during this risk-on market environment, including in consumer staples, defense and consumer discretionary. Among Rex’s stock picks are Sleep Number (SNBR), which he says faces supply chain problems but should benefit from the consumer trends in healthy sleep, Keurig Dr Pepper (KDP) and Vectrus (VEC).