Earnings Declines Less Likely for Tech, Says Truist's Lerner

What was the main reason for the market's resilience in the first half of the year?

• Increased consumer spending

• Rising interest rates

• Strong earnings performance

• Government stimulus packages

Why did the perspective on tech stocks change in March?

• Tech stocks were undervalued

• Tech stocks were overvalued

• Tech earnings were weaker than expected

• Tech became the largest market component

What is expected to happen even if the economy slows down later this year?

• Tech stocks will lose market leadership

• Earnings will decline significantly

• Tech spending will remain necessary

• Companies will reduce tech spending

Which sectors are predicted to lead in the current earnings season?

• Consumer goods and services

• Energy and utilities

• Tech and industrials

• Healthcare and finance

What factors are expected to benefit the industrial sector?

• Rising oil prices

• Lower interest rates

• Increased consumer demand

• Defense spending and infrastructure bills