Jim Paulsen, chief investment strategist at Wells Capital Management, is expecting 4% economic growth in the second half of the year, and says he’s keying on cyclical stocks that have been hit recently on worries about the economy. Paulsen also tells Yahoo! Finance’s Breakout that his favorite area is emerging market stocks. He thinks emerging market governments have tightened monetary policy and successfully created “soft landings”. That success means they can stop tightening soon, and he thinks that will be a big boost to EM stocks. Paulsen also offers his take on the dollar, and on trying to time the market.