James Telfser's Top Picks: August 19, 2022

Top picks from James Telfser, partner and portfolio manager at Aventine Investment Counsel

FOCUS: North American stocks 

MARKET OUTLOOK:

After a record-setting selloff to start the year, risk markets have found solid footing and have staged an impressive rally. Inflation is front and centre in the minds of investors and we view this as the biggest risk to markets. Risk assets are forward-looking and they are signalling that inflation will slow in the coming quarters. We believe this provides a unique opportunity for long-term equity and debt market investors as we head into the end of 2022.