"The market still believes this inflation is transitory, but supply chain issues and higher costs are real," says Michele Schneider. She believes that the indices are al in caution phases, except small-caps. Then, she weighs in on her current stock picks: Visa Inc. (V) as the stock hit a 52-week high in July and Beyond Meat (BYND) as it hit 52-week lows in October. Also, she says that her ETF picks are DBA and XLP. Tune in for the full interview.