B. Riley Wealth chief market strategist Art Hogan joins Market Domination to break down why the barbell approach may be the best strategy for investors navigating the current market.

"The barbell approach basically is, pick your favorite mega-cap technology names of the Mag Seven... but you want to make sure that that barbell is level on the other side of that. We like to look at what likely is starting to garner some attention. So on that side of the spectrum, we've been looking at industrials (XLI), healthcare (XLV), and financials (XLF). And that helps you balance that out," Hogan tells Yahoo Finance.

With this approach, he recommends rebalancing and selling some of your winning stocks to pick up those that have been lagging in the last year as the market rotates out of Big Tech. He explains that the barbell strategy provides "some discipline" to make sure investors' exposure to the tech and communication services sectors isn't outsized.

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This post was written by Melanie Riehl