let's bring in chief investment officer of new edge, cameron dawson.o your point, essentially it has been sideways for a while, right in after that trump spike, so to speak. but you also a point out, you used the 100-day moving average which it's bounced off there like clockwork. so far, so good. >> yeah. it's been really important this uptrend has remained in the market. and one of our mantras over the last with two years was don't fight the trend and definitely don't ignores the -- ignore the risks. maybe in the best case scenario this is a consolidation, and wen continue higher from here. but that fading momentum if just suggests that maybe we are in for a little bit more volatility over the coming months. charles: now, a chart would say you've got an extended triangle, and and at some point it's either going to go bam or bam. [laughter] of do you agree? does it feel like manager big is happening real soon? >> it certainly feels a bit like a coiled spring. the market can't decide what way it wants to move next. and one of the things we've been seein

. >> let's bring in cameron dawson into the conversation now. she of course of new edge wealth here with us at post nine as well. it's nice to see you and have you back. you've been listening to tom. what do you make of what he said. >> so we do think that this market is very different. >> than last year's market, mostly because of the starting point of where valuations are the starting point of where positioning is. >> and the fact. >> that you were. >> seeing much more dispersion. >> under the. >> surface and different leadership. i think it's important to note that tech has been effectively flat for the last four months. it's been on the road to nowhere, and that you have. >> seen. >> things like financials start to take on greater leadership. but at the end of the day, we do think tech still has to play ball for the market to continuously make new highs, simply because it's such a big part of the index. so there's a lot of shifting sands, a lot of trend under the surface. and at the end of the day, we've also seen fading momentum on the inde

panel that question stephanie link hightower's chief investment strategist and portfolio manager cameron dawson, chief investment officer for new edge wealth, and malcolm etheridge, capital area planning group's managing partner. stefan malcolm, our cnbc contributors. it's good to have everybody here. we start on the desk. steph, what do you make of this selloff? you could point to so many different things within this market. the rollover in momentum, the palantir, the app love ins, the verdicts, the trade desks, even the walmarts, even the walmarts this week. >> i know. >> i know. i think. >> a bit of it is that we're seeing a little bit slower growth, to be honest with you, at like about. two, 2.3%, the atlanta fed tracker. >> and i. >> have said. >> that i think. >> this year we are going to see about. 2% growth. >> versus three, 3.4% that we saw over the last. two years. >> and we're. >> not going. to see. >> 20% gains in the s&p 500. >> we're going to see maybe more like normal like 7. >> to 10%. >> a lot. >> of that is because. >> we. >> just don't have the fiscal stimulus that has been p