Johnson's Ceci: Hard landing potential rises until rates start falling

Dominic Ceci, chief investment officer at Johnson Financial Group, says that while a soft landing has been priced into the stock market, sticky inflation is what could make things take a turn for the worse, noting that the longer inflation hangs around, interest rates won't be cut and that will lead to a rougher downturn. Ceci says interest rates are a driving force for stock markets, with an inverse relation where rates staying high would be bad for equities, while rate cuts would be a big plus. Also on the show: Lester Jones, chief economist for the National Wholesale Beer Association, discusses the Beer Purchasers' Index reaching its highest levels since 2021, portending a strong summer not only for beer drinkers but for the economy; David Trainer of New Constructs puts a Fidelity sector fund into the Danger Zone, and Mac Sykes, portfolio manager for Gabelli, talks financial stocks in the Market Call.