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JoAnne Feeney s Top Picks: May 14, 2021 BNN Bloomberg VIDEO SIGN OUT FOCUS: Thematic and dividend stocks MARKET OUTLOOK: We see elevated volatility tied to high valuations, greater inflation risks, and the potential for higher corporate and capital gains tax rates. These sources of risk make higher multiple stocks (and broad index funds) particularly vulnerable, but that does not mean investors need to give up on growth. We see appreciation drivers both near term and longer term in specific areas of the market. First, reopening and recovery mean some banks, insurance, consumer, industrial and energy companies may very well outperform more classic growth companies. And many of those companies also come with attractive dividend yields, good for retired clients looking for income. And some of these companies can provide protection against rising inflation and interest rates. Banks and insurance companies see higher net interest margins as longer-term rates rise. And as eco

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