Liz Ann Sonders, Chief Investment Strategist, Schwab Center for Financial Research, says volatility could be fierce due to longer-term Fed tightening and short-term geopolitics. She is keeping her eye on leading indicators and the yield curve slope for recession risk. She says the meme stocks are likely firmly in the rear-view mirror. She is focusing higher quality stocks with strong balance sheets. She likes the utilities, healthcare, and materials sectors, to name a few.