IBKR's Sosnick: Inflation is here until something breaks

Steve Sosnick, chief market strategist at Interactive Brokers, says investors should be thinking defensively and looking at dividend stocks rather than hoping that central bankers will pivot and start cutting rates to boost the market, because he thinks the Fed will stick with higher rates until economic conditions deteriorate to where such a move is necessary. Tom Lydon, vice chairman at VettaFi, meanwhile, looks toward small-cap stocks with his pick for ETF of the Week, George Milling-Stanley of State Street Global Advisors returns to the show for a second day, going off the news to talk about how Fitch Ratings' cut of the U.S. credit rating will impact markets and gold, and Darren Chervitz of Jacob Discovery Fund talks about buying small - and micro-cap stocks at value prices in the Market Call.