Crossmark Trimming Tech Stocks, Buying JPM: Strategist Fernandez

The video discusses changes in equity allocation, focusing on market trends like the Dow, NASDAQ, and S&P. It highlights strategies such as trimming tech stocks due to interest rate expectations and emphasizes quality investments with strong balance sheets. The discussion includes planning for a recession, identifying lower quality names, and compliance issues. It concludes with investment adjustments, focusing on cyclical growth and stable names like JPMorgan and healthcare stocks.

What is the reason for trimming tech stocks according to the first section?

• Tech stocks are expected to continue rising.

• Interest rates are expected to fall further.

• There is a lack of quality names in tech stocks.

• Tech stocks have had a significant run and interest rates are expected to rise.

What type of companies does the second section suggest focusing on during a recession?

• Companies with weak balance sheets

• Companies with strong business models and balance sheets

• Only tech companies

• Only healthcare companies

According to the second section, when is the recession now expected to occur?

• Middle of the year

• Later in the year

• Next year

• Early in the year

What is a characteristic of 'lower quality names' mentioned in the final section?

• High market valuation

• Weak balance sheets and earnings

• High earnings

• Strong balance sheets

Which company is mentioned as a stable name being added to the portfolio?

• Apple

• JPMorgan

• Tesla

• Amazon