Kevin Warsh is about to pick a fight with the bond market. These stocks win out.

Kevin Warsh walks into his first FOMC meeting on June 16-17 with headline CPI at 3.8%, core PCE at 3.2%, Brent crude trading in a $103-$111 range, and the 30-year Treasury yield at 5.13%. The bond market has already repriced. The stock market has not.