In this topic-packed episode, the CONVERSATION opens with the markets and the recent rallies. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, posits that this market concludes it has heard and factored in all the negative news while at the same time absorbing the positives. BOVE says bank stocks are cheap in this market, addressing the concept of "buying the dips."

On the inflation front, BOVE lays out his scenario for why he says inflation in the US may be a smaller risk that he had originally thought. Today, “everything has changed,” BOVE has explained in a recent note. “The Federal deficits are plunging.” By 2024, the Federal deficit is forecast to dip to $1 trillion, down from a stunning $4.2 trillion in 2020. The CONVERSATION also takes a lively turn at the housing market, plus the recent uptick in adjustable rate mortgages with banks taking market share. MAT VAN ALYSTYNE, ODEON co-founder and managing partner, offers his own view and experience of adjustable rate mortgages.  

And there's more on the from the war in Ukraine to the retreat from globalization, as the trend toward local manufacturing of products in the US gains momentum. BOVE explains some of the impetus behind this trend. Joining the CONVERSATION is journalist JOHN AIDAN BYRNE