"Remain cautious as stocks are overbought after a 14% rally. Strong July jobs report means that the Federal Reserve is unlikely to stop interest rate hikes. However, long-term, there are reasons for optimism. The bond market does not see inflation as a long-term problem," says David Dietze. Next, Dietze provides his stock picks: Capital One (COF), Newmont Mining (NEM), Anheuser-Busch Inbev (BUD).
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