Risks to the country's growth story are mounting, says Bartlett's Holly Mazzocca

• Geopolitical risks from the Iran war are acknowledged, but the market's underlying economic resilience is highlighted.
• Expectations for Fed rate cuts have been largely priced out, yet the S&P 500 has shown relative stability.
• Concerns about labor market weakening and consumer sentiment are noted as key risks to watch.
• Recommended portfolio positioning includes Technology, Healthcare, Financials, international equities, and small cap.

The discussion revolves around the impact of geopolitical events, specifically the Iran war, on financial markets. While acknowledging mounting risks, particularly in the labor market, analysts suggest that the underlying economy remains resilient and that some market adjustments (like rate cut expectations) have already been priced in. Portfolio recommendations include a focus on technology, healthcare, and financials, with additions to international and small-cap equities.