"Earnings are strong but margin outlook is weaker as expected due to rising commodity costs, supply chain costs, and rising wages," says John Petrides. He believes that since Powell wants to get reappointed, he will not look to rock the boat on inflation until that is in place. Also, he thinks that investors should buy the dips until the 10-year crosses 3%. Finally, he says to stick with companies that have price power and trends that are in their favor.