Kevin Mahn shares his thoughts on the market's record-breaking first half of the year. He believes the current rally may actually be short-lived, citing potential legislative headwinds, trade tensions and the Fed's interest rate decisions as possible sources of concern. Mahn expects 2 rate cuts by year-end, but warns that a delayed response could exacerbate economic slowdown. For the back half of the year, he's bullish on aerospace and defense stocks, particularly Northrop Grumman (NOC), Boeing (BA), and RTX Corp (RTX). Mahn also says to watch for A.I. plays outside of semiconductors, instead pointing to data centers, cooling solutions and utilities.