Stocks (^DJI, ^IXIC, ^GSPC) are retracting some gains on Monday following Friday's rally, which was fueled by the positive jobs report. 22V Research president Dennis DeBusschere joins Market Domination to share his market outlook.

DeBusschere expresses confidence in the current economic trajectory, finding that "there's no reason to believe" that the present economic growth will trigger increased inflation. He points out that inflation has decelerated even as the economy maintained "the same growth that we had now," all while the labor market has shown signs of easing. However, he cautions that certain factors could pose risks to markets, such as a daily 3% jump in oil prices due to geopolitical concerns coupled with US election uncertainties.

Addressing the economic outlook, DeBusschere tells Yahoo Finance, "Soft landing, no landing, you've never really seen a sharp deceleration in economic growth." He maintains that a soft landing is his base case scenario. Such an outcome, he believes, would benefit cyclical sectors in the markets.

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This post was written by Angel Smith