"I think that the Federal Reserve is frustrating investors with a policy that borders on a crusade. When inflation starts coming down, the stock market will forecast a more dovish Fed. Levels of interest rates are already high enough to tame inflation, but data is lagging, especially in housing. Short term, focus on free cash flow and businesses that are predictable. There is a good yield in short term fixed income as the 1-year treasury offers around a 4% yield," says Christian LeDoux. LeDoux also provides his stock picks: AutoZone (AZO) and UnitedHealthcare (UNH).