Franklin Templeton's Dover: Time to be conservative, balanced

<p><a name="m_286241979551563427__Hlk106019442" id= "m_286241979551563427__Hlk106019442"></a>Steven Dover, chief market strategist at <a href="https://www.franklintempleton.com">Franklin Templeton</a> and head of the Franklin Templeton Investment Institute, expects a modest recession where investors can benefit from riding it out with a greater exposure to fixed income and a more-balanced portfolio, but he also notes that there are plenty of worrisome wildcards that could impact the market and economy. Adam Turnquist, chief technical strategist at <a href="https://www.lplfinancial.com">LPL Financial</a>, says the market is going through 'a bottoming process,' but needs more confirmation that a new uptrend has developed before shifting from a current-defensive stance to something more aggressive; he is looking for better performance from growth stocks moving forward, noting that they typically thrive about six months after a rate-hike cycle peaks. Plus, in The Book Interview, author Liz Hoffman tells tales of pandemic perseverance and recovery as detailed in 'Crash Landing: The Inside Story of How the World's Biggest Companies Survived an Economy on the Brink.'</p>