Recent economic data in the form of the April Consumer Price Index (CPI) signaled inflation may be starting to cool. Many on Wall Street have begun to adjust expectations as to when the Federal Reserve will cut rates, which could catalyze trading.

Gradient Investments Senior Portfolio Manager Jeremy Bryan and Catalyst Funds Co-Founder, Chief Investment Officer, and Senior Portfolio Manager David Miller join Market Domination to give insight into the current economic cycle and opportunities for investors to jump in.

Miller argues against the possibility that rates will be cut in the near term, to the benefit of certain stocks: "It seems pretty clear to me, at least, that more likely than not, we're going to have higher for longer. And what that really means is higher for longer is actually very good for companies where they have very high margins. If you're thinking about a company like a Mastercard (MA) or a Visa (V), inflation is great for those companies because that's going to put more through their networks and that flows right down to the bottom line."

Bryan expands on Miller's recommendation: "I thought those were phenomenal names, but those are phenomenal names even in a lower or higher inflation environment, right? Microsoft (MSFT), Visa, Mastercard — these just have really, really good businesses. So I mean they're always they can pass pricing through when inflation is high, but they're also sticky and very high businesses even in bad times and in low inflation times too."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino