SSGA's Milling-Stanley: The Fed will push the economy into recession if it must

George Milling-Stanley, chief gold strategist at State Street Global Advisors, says that the Federal Reserve's signals that it will do whatever it takes to get inflation under control has created conditions in which all markets -- stocks, bonds, commodities and more -- suffer. While Milling-Stanley doesn't think the Fed wants to create a recession, but he says it will take that step if that's what's needed to "knock out any sense that inflationary expectations have become embedded" in the economy. Also on the show, John Petrides, portfolio manager at Tocqueville Asset Management, says the market is at a crossroads, where it could rally before year-end or where 2022 ends painfully. Petrides says the market is closer to the bottom than it was at the start of the year, but he expects three months of volatility before the market gets to where it can sort things out on inflation and set a path forward. And while the entire market might feel troubled right now, Kyle Guske of New Constructs sidesteps the "Danger Zone" his week by pointing out a stock that has been hit too hard by the market, and which he believes has now become particularly attractive now.