Welcome to the weekend bite presented by Wall Street breakfast.

I'm Leslie Osman and the market churn continues.

This week oil prices experience several days below a hundred of a barrel

and recession fears continue to mount. We're seeing some changes in real estate. the Daniel Smith. He manages the high-heeled investors seeking out

off a marketplace and his vice president at Leonburg Capital.

Welcome, Samuel.

Glad to be here.

Thanks for having me.

So Wall Street says we're nearing a recession. Many consumers think we're already in a recession. What do you think?

Well, I don't obviously have the data so I can't say whether we're technically in a recession at the moment or not.

It certainly looks like we're headed there.

You know, you have all kinds of stressors on the economy.

Largely, it's just a lag from the COVID disruption that was, you know, you can say artificially patched over or propped up with heavy, heavy government stimulus and very easy monetary policy from Central Bankers.

That kind of glossed it over, but now, you know, the bill is coming due and we're seeing

that in inflation and obviously that's impacting consumer sentiment, I'm sure.

We have the war in Eastern Europe and the global supply chain, especially in food and energy. A consequence is stemming from that. And obviously we have rising interest rates from the Fed that look like they're going to head even higher from here.

That's weighing on things ranging from the housing market to the ability for investors or for businesses to invest in expansion.

So certainly a lot of headwinds on the economy and I personally expect us to see

recession sometime over the next year or two.

So in a rising interest rate environment, investors that once turn to equity for income because yields were too low on bonds have reversed course.

Why do you believe that high dividend yielding stocks are still an attractive

investment opportunity. Sure well I agree obviously you know with rising

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