The portfolio manager for the various asset allocation strategies has equal allocations to value and growth large cap stocks. The portfolio manager states we will take advantage of monetary policy by allocating more to value if we believe that the Fed will continue to raise interest rates that leads us into a recession, or we will add more to growth if we believe the Fed reduces interest rates to stimulate the economy. What type of strategy is the portfolio manager using:

Group of answer choices

Strategic asset allocation

Tactical asset allocation

Core and satellite asset allocation