Rebalancing is an important discipline for investors right now: Charles Schwab's Liz Ann Sonders

• The market is experiencing a 'rapid-fire rotation' driven by 'regime changes,' with money shifting away from prior leaders like semiconductors.
• Under-surface breadth is improving: 65% of S&P stocks have outperformed the index over the past month, compared to only 12% over the past year.
• Rebalancing portfolios based on volatility (trimming winners, adding to weakness) and factor-based investing (high interest coverage, strong balance sheets, ample cash flow, profitability) are recommended strategies.
• Healthcare, Industrials, and Materials are identified as sectors showing interesting opportunities.

Liz Ann Sonders discusses the current market's 'rapid-fire rotation' and improving breadth, noting a shift away from prior leaders like semiconductors. She emphasizes the importance of rebalancing portfolios based on volatility and factor-based investing, highlighting healthcare, industrials, and materials as sectors with opportunities.