Eric Beiley, Executive Managing Director of the Beiley Group at Steward Partners, spoke with Quartz for the latest installment of our Smart Investing video series.

Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity.

ANDY MILLS (AM): It could be a crazy earnings week. We have technology on deck. What are your expectations?

ERIC BEILEY (EB): The expectations are high. Markets are trading near their highs. For the S&P 500, the markets say we've seen good gains so far, and then this week is crucial, right? They have the big seven names, alphabet (GOOGL)Apple (AAPL)Amazon (AMZN)all reporting.

AM: The Mag 7s are all at or near all-time highs. They were part of a big wave of growth. How high can they go? Should investors continue to invest in these 1970s tech stocks?

EB: I would say yes because over the long term they have proven to deliver tremendous results for investors and shareholders and they continue to grow. So you could say that the valuations of some of them here are attractive, but it will be important to see what their numbers are. Clearly.

AM: One of the things we'll definitely read about is their spending on AI. Do you think the market could react negatively if investors don't see a concrete result from this spending yet? Or is it too early to say?

EB: No, I think AI is an important, long-term strong trend. You can't ignore it, can you? We saw it. Check out Nvidia (NVDA) It is now one of the largest companies in the world as demand for its chips is overwhelming. And that’s because of this AI phenomenon. And so meta (META)formerly Facebook, Amazon, they are all in this business for the long term and are investing billions of dollars. Therefore, I think AI is a long-term trend that will be positive for markets and investors.

AM: The technology is still fine. What other recommendations do you have for investors out there?

EB: Well, there's obviously a lot going on, right? You have this Friday, you have the employment numbers. It will be very important to see the health of the economy. And that will determine where Fed policy goes. A few more interest rate hikes are expected. We see this in the yield curve and it is positive for asset classes in general. Lower interest rates are positive. Then you have the choice, of course, right? This will be huge. Markets are currently trading based on election forecasts. So this is very important. And after that there is the Fed meeting to show what they think. Will they cut interest rates again?

AM: The choice. It will be one thing. Is there a way investors can prepare for this? Should they sell everything? Should they double? I don't want to be drastic or dramatic, but what do you think?

EB: Well, as financial advisors, we look for long-term goals to achieve my clients' goals. These are 5, 10, 15 and 20 year financial plans that we have put together. Even though this election is a huge and very emotional matter for many people, you have to think long-term. You have to look at your own situation and make these decisions. I think, traders, we see it. Trading activity is certainly active right now and predicts whether Harris or Trump wins. What you're seeing right now is that I think the markets are predicting a Trump victory. You see certain asset classes doing well that would do better under a Trump presidency.

AM: Like, for example?

EB: Crypto, number one. Obviously you see that The media value for Trump has increased tremendously in the last week or so. So these are signs that markets are turning to Trump.

AM: What does the market expect for Friday's jobs numbers?

EB: I think a good number. The markets are once again acting extremely well. You see that stock prices continue to rise. The interesting part of the market right now is that interest rates, on the right, at the long end of the yield curve, 10-year Treasury yields and longer, have really gone up. And that means the economy will remain strong and healthy. And that's why there will be further interest rate cuts, but not as many as predicted. I think we'll see strong numbers on Friday and the Fed will cut rates, but only slightly, and probably pause on their rate cuts sometime next year.

AM: Got it. So it sounds like we're in a good place right now, despite all the news that's about to come out.

EB: The trends are very positive and trends are strong, right? In the interest of investors, you typically don't fight trends. At the moment the trends are higher and there are good signals out there. You have good third quarter results from the companies. The economy is good, interest rates are falling. All of this is very positive for asset classes in general.

AM: Your company is a fan of so-called “dividend aristocrats.” Can you tell me what a Dividend Aristocrat is and what decisions you make?

EB: Yes, well, I'm a fan of Dividend Aristocrats. So these are companies that have proven to be great long-term investments because they share their profits with their shareholders. So they do this through dividends and have increased their dividend payments every year for 25 years in a row, which is tough, right? If you think back over 25 years, there are all kinds of business cycles. Companies experience ups and downs and these companies have a proven track record of continually increasing their dividend payouts. And that's why I like these companies. There are three, I like Walmart (WMT)S&P Global (SPGI)and Brown and Company, the insurance company. They have all outperformed the S&P 500 on a 5- and 10-year basis. So for me these are great long term investments.