Tactical Asset Allocation Decision

John is a portfolio manager implementing a tactical asset allocation strategy for his clients' balanced portfolios. He is considering adjustments based on his macroeconomic outlook, particularly relating to expected changes in interest rates and equity market performance. Given the current economic climate, he anticipates a short-term spike in inflation, which may lead to the central bank increasing interest rates more aggressively than previously expected. Based on his analysis, John believes that this change will negatively impact bonds while potentially benefiting certain sectors in the equity market.

Sensitive to these economic indicators, John is weighing the merits of reallocating a portion of his clients' investments. His objective is to enhance returns by temporarily shifting away from traditional allocations. Which of the following tactical asset allocation actions should John consider?