John Zechner's Top Picks: August 4, 2022

Top picks from John Zechner, chairman and founder, J. Zechner Associates

FOCUS: North American large-cap stocks

MARKET OUTLOOK:

In July, growth stocks pushed the Nasdaq up 12 per cent, cyclical stocks lagged, gold bounced up nearly $100 and 10-yr bond yields fell almost a full point from the mid-June peak. Markets, rightly or wrongly, have clearly bought into the idea that growth is slowing and U.S. Federal Reserve is closer to ‘done’ on rate increases.