Liz Young, Head of investment strategy at SoFi

Interest rate cuts are expected sometime this year, so you want to be into dividend payers before those cuts happen.

A commodity ETF with almost 50% in treasuries, plus a yield kicker.

Should. The market should have reacted different to rising rates and the yield curve inversion in the first half of 2023. Instead, the bulls have taken over and now see a new bull market rather than a bear market rally. She's not sure this sentiment will endure. She wishes she had not missed the rally in megatech. It's interesting that investors shifted from believing that if yields are down then tech is good to if yields are up the tech is good. They both cannot be right and something will have to give.

She picked it to start the year, but it hasn't performed well in the first six months. Healthcare has lagged this year, but when the VIX is this low, you want to hold defence.

She likes energy for the second half, that it's lagged in the first half of 2023. There's a floor on the oil price, which will support these stocks. Continuing consumer demand for travel will help support energy.

She likes smallcaps. If the market rotates from the mega stocks, small caps could benefit.

It's a long-term investment. Many bought gold last March out of fear of a slowdown and weakening dollar. If you still believe that then hold and don't sell.

Holds profitable small-caps. If this is a new bull market, small caps will rebound.