Market averages have been surprisingly resilient given the magnitude of rate increases, notes Michael Clarfeld. He discusses investing in a high-rate environment. He talks about how high valuations combined with rising rates could result in choppy markets, so high quality dividend growers is the place to be. He then goes over his stock picks which include T-Mobile (TMUS), AvalonBay communities (AVB), Sempra (SRE). He highlights that TMUS is the best in its class, AVB has a strong balance sheet and low leverage, and SRE has a high-quality diversified portfolio. Tune in to find out more about the stock market today.