Fed Wants Stock Market Lower, Stock Picks: DY, PWR

"If don't fight the Fed, worked on the way up, it will work on the way down. The monetary policy is now highly restrictive. The Federal Reserve has basically admitted that they want the stock market lower. Market technicals are negative , no leadership and downtrend is still intact. My stock pick is Dycom Industries (DY) as it is a play on 5G, telecom, and wireless. Dycom Industries had a huge earnings beat the last three quarters," says Jordan Kahn. Kahn is also watching the Quanta Services (PWR) stock price today.