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And whenever the market is chasing, whenever most market participants, meaning portfolio managers or strategists, or economists all of a sudden turn bullish, that has us worried.

And then the icing on the cake is the big bull on the cover of Barron's over the weekend. That typically historically is not a good sign that everyone is kind of chasing things now.

So given the fact that earnings were good, and earnings from our perspective are holding the market where they are actually in terms of where the market is, we do think that prices are a little bit ahead of themselves. People probably are not customary to hear that from us, meaning that we're basically labeled as perma bulls all the time.

But we really believe that the market could see a bit of a pullback, which would be very normal and very healthy. And then we kind of reset for the end of the year. And we do think we'll see continued new highs the second half of the year.

SEANA SMITH: Brian, it's good to see you. So then what do investors do if they have exposure to the Mag Seven? Is it just a wait and see type of scenario? Or should they be looking to reduce some of their positions?

BRIAN BELSKI: Well, we've had-- Seana, nice to see you and hear from you. We have the very good fortune of running portfolios for BMO Wealth Management both in Canada and the United States. And we've taken some off the table in terms of some of those positions. And we published about this 10 days ago.

For instance, we're going to take a little-- we did take a little bit off of NVIDIA just because we've owned the stock for seven years. And the stock has had a heck of a run. And we were a little bit more overweight than we wanted to be. And this is kind of classic portfolio management, where you still want to maintain positions.

But you want to trim here a little bit. This is in this world of yes, no, right, left, green, red, it doesn't mean sell the stock. It just means trim a little bit. And I think that's the kind of posture that most investors should be from a longer term perspective, to answer your question.

I think the tech stocks are the consumer staples now. So use the pullback in Apple to add more. Apple and Microsoft are kind of the consumer staples side of things, where really the growth is going to be from NVIDIA. Let's call it for lack of-- and AMD.

But we do think that Google and Netflix too from a communication services standpoint remain very, very strong in terms of their growth trajectories. And I think the pullback in weakness in Google is a longer term buying opportunity as well.