US Bank Wealth Management senior investment strategist Rob Haworth joins Market Domination to discuss how investors can best position their portfolios in the current market.

Haworth notes that uncertainty lies ahead with the Federal Reserve's cutting path and the presidential election in November. Because of the uncertainty, he leans more toward equities rather than fixed income, explaining. "There's still growth left in this economy. We think there's still room for improvement, particularly for this rally, to broaden out away from technology, maybe defensives in the near term as interest rates really start to come down a little bit here."

He believes sectors like real estate, utilities, and healthcare will benefit from interest rate cuts and have more room to grow. As he worries about the demand for commodities, Haworth explains, "In particular, we're looking towards equal-weighted S&P to get away from what's been the high fliers through the month of July and into the rest of the sectors as they hopefully gain into year end."

As the election lies just two months away, he does not expect it to have much of an influence on the market. Instead, he explains, "What we see is markets are focused closely on growth and inflation. That's really what drives markets as we move ahead."

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This post was written by Melanie Riehl