Bruce Campbell's Top Picks: July 4, 2022

Top picks from Bruce Campbell, president and portfolio manager, StoneCastle Investment Management

FOCUS: Canadian stocks 

MARKET OUTLOOK:

June was another awful month for investors and 2022 has been even worse. Investors continued to be concerned with high inflation across the globe. We have started to see some moderation in certain areas of inflation (used cars, some commodities, shipping rates), but the largest components, shelter and food costs continue upwards. This may mean inflation will only moderate at a limited rate in the back half of 2022 and as a result, central banks will continue to aggressively raise interest rates.