Stock Picks: CAH, GPC & ETF Picks: XLE, SARK, UVIX

"The market turmoil seems set to continue with more uncertainty in the UK as Prime Minister Liz Truss resigned. The stock market today seems most concerned about inflation, so it’s imperative at this point that the Federal Reserve stays the course. However, Fed action in conjunction with world banks seems to be leading toward a liquidity crisis. Governments have been key buyers of bonds and as they stop buying bonds, the question becomes who will the new buyers be? If there are not enough buyers, interest rates will shoot higher and continue to cannibalize bond investors. If that happens, it’s only a matter of time until there is a steep sell off that could be worse than the financial crisis. Have a plan, execute that plan, and don’t be afraid to build up some cash. Also, stay away from longer duration bonds," says Eddy Gifford. Then, Gifford provides his stock picks: Cardinal Health (CAH) and Genuine Parts (GPC), and ETF picks: XLE, SARK, and UVIX.