 It's been a wild ride on Wall Street this week investors all over the place with each new headline for Omicron But for the year lots of green on the screen with all major averages posting double-digit gains So let's find out if Omicron will be the Grinch in the new year or not with me now our power panel Melissa Armo and Eddie Gabor Melissa Good ladies first so we will say we've seen lots of volatility since the Omicron variant was announced You know to the world. Was there an overreaction in the markets? Do you think I? Don't think there was an overreaction because the market is concerned about the possibility of another shutdown I think the number one problem right now is nobody knows what the future holds for possible other Variants and this current variant and I'm not saying there's a reason to be worried about it I'm saying it's the government's reaction to the possibility of another shutdown or Partial shutdowns and so the government's concerned about that and people are concerned about that And I think the market will continue to react heavily and negatively if we see more problems with coven in 2022 right we see we hear one thing from the administration it seems and then you see something else start to take place So Eddie do you expect that volatility to continue next week? And what about in the first through a few months of 2022? I Think the first half of 2022 is going to be extremely turbulent And I expect to see a lot of downward pressure in the stock market next year Even bigger than this new variant that everyone is freaking out about and the market was is the fact that our GDP is slowing down Our economy is is damaged right now and the rate of change on our GDP is going to be slowing going in the 2022 and we have a Fed that's going to be tightening monetary policy during a slowdown When you tighten monetary policy while the economy is slowing down because of the inflation that's going to crush to consumer next year That's a worst-case scenario for risk assets look my my nickname and Twitter handle is common sense bull So I've been bullish a lot in my career But I'm extremely bearish and cautious going in the next year investors need to be active Trade and start playing defense for 2022. So got it Grinch on this one But any let me ask you that where where in basic terms, where should I have money? Where should I look for trades? So in our opinion what we have done actually is we've rotated out of small caps out of commodities We've gone into healthcare Staples real estate really like real estate going in the next year and then as well as gold We're going to be putting on a gold position that we haven't had on in a while going in the next year because we want to own Things that are defensive and what we like to refer to as a a flight to safety and really focusing more on Quality holdings versus more speculative plays for next year. We think that's the winning equation for next year Okay, so Melissa set December trading aside with the volatility. We've seen at the end. Let's say, you know I'm sitting at home right now Christmas Eve getting ready for Christmas dinner I've just opened the pair of socks I got from my mom She's gonna kill me for saying that but what what steps should we take now to protect the money that I've made all this year in the Stock market because it has been a big year Well, I will say this I'm not as bearish as any on the market for 2022 But I do think that inflation is a problem if you want to protect your profits then obviously you'd sell But if you're young and you're nowhere near retirement There's no reason to do that because the market over the long haul is typically always bullish even though we had that sell-off in March of 2020 we had a huge massive recovery after that Let's just say worst-case scenario and I always say 50 50 chance that we had another shutdown a partial shutdown We would drop off and we would rally back. So unless you're in retirement age right now. You're currently retired I really wouldn't worry about it I focus on the things that have had giant moves Amazon has had a big move Apple Google all the big names that you know that People know and buy the products and services of those stops are going to continue to hold the uptrends No matter what the market does no matter what happens so COVID Earnings season it starts in January early February and then you're going to start to see some things really really move I think the problem is the big sell-offs and the panic days that we happen Because the market when it does want to sell off happens very quickly and that creates fear and panic with people And that's what's happening with COVID fear and panic Yeah, most of you I just want to get real quick because we're running out of time here What's one stock Eddie one stock that you like in 2022? So I would stick with real estate for 2022 as a total sector I think that's the best inflation hedge and it's got low volatility and what we think is going to be a sizable Perfect, and Melissa one stock from you very quickly a Bullish pick is Apple it just made you high is the next target 200 that company is not going anywhere anytime soon People love their iPhones. I like Apple real estate and tech got it 2022. Thank you guys I appreciate it now. Go get your eggnog. You are free for this year. Thank you, so This year's holiday feast is actually taking weight off your wallet grocery store chain owner