let's bring in adam parker, for his take on how to trade the tech sector.e a broad underweight on the tech sector, but you like the higher quality names the last time i talked to you, we were sort of halfway through the faang names and now we're all the way through the faang names. i wonder what you make of them and the impact on the broader market you said clearly that the broader markets won't do well if tech, if these names don't do well >> yeah, so about ten days ago, a week ago friday, we upgraded tech, thinking the bulk of the painful part of the tech trade was probably behind us it was all based on looking at prior downturns, prior tech corrections. this one got pretty extreme of the ones we could name, covid or financial crisis, european crisis we thought the risk was probably worth it our guess was we were 80% through it our thought was there were opportunities to buy some things and get closer to market weight. i do think the markets are really working, tech will have to participate and do well >> you still like biotech? that sector is still takin

rate hikes because i think the rate hike is baked in that would be against consensus completely adam parker do you agree with the count er trend rally >> interesting because out of the 11 sectors tech was worst performing, it was off, it did lag the market, not what we see in the previous year or two where tech led in the big up market there's two type, pricing power, positive free flow tech, that might make sense to add some but i think the profitless software stuff go-go stuff can still under perform for a while. i'm in agreement with the group. >> yeah, dan had mentioned some groups that didn't participate in yesterday's rally like the financials, best performing sector today, jeff mills isn't that a good sign that what's driving this higher is actually broadening out. >> yeah, i think seeing a little bit of rotation from growth to value, value to growth is generally a good thing to keep the market afloat some but if we really want to make progress will have to be the big tech growth names i hate to pile on and be negative on a friday but look at microsoft, google, amazon, just as exampl

thank you, adam parker, very much, for joining us and shannon, stay with us.se of this wild market session. if you recall the day started with a dow session high up 236 points saw a swing more than 700 points with the dow session low today of negative 512 points currently the dow is sitting right around negative 496 points as we look to the last 40 seconds or so of the trading day. this would mark the fifth straight day in a row that the dow -- nasdaq down four of five days s&p lower for a fourth straight day with all three major indexes deeply in the red on those geopolitical concerns that developed over the last few days continuing today. a big overhang of sentiment on the markets. we close today, we see all major s&p sectors in the red except for one. that is energy despite a relatively muted move on oil prices in particular. commodity prices in particular jon? >> yeah. closing very close to the session lows throughout the board. welcome to "the" "closing bell." i'm jon fortt, and sara ieisen s off today. and a big show coming your way imax due out any minu

for that we are joined by founder and ceo adam parker.ide, but let's talk macro for a second. you heard bullard. he is talking 100 basis points by july. is the market overreacting in your opinion to sort of what we're hearing from the fed >> look, i mean, there was a pretty big shift in the perception about interest rates and we follow more the fed fund futures than the two and ten-year yields because they move more dramatically i think that got a little bit extreme. when you see the big banks saying seven hikes this year, i think that's too hawkish i think that it will be less than that. we'll see what is baked in the market my guess is that we will have a choppy month or two and then as steve just said, history shows that usually when you raise rates it's because the economy is good. when the economy is good, corporate earnings are good. i am bull ish on u.s. equities because i think corporate earnings will grow. >> what equities in particular online anybody who followed the market the last month knows that high multiple technology name

parker, bbc news in westminster. we'rejoined now by our chief political correspondent adam fleming.ome distractions on the road today? — there are some distractions on the road today? good morning. some of the newspapers have been looking into downing street parties again. some _ into downing street parties again. some of— into downing street parties again. some of the parties we already knew about _ some of the parties we already knew about. they claim the prime minister was at _ about. they claim the prime minister was at some — about. they claim the prime minister was at some of them, which we didn't know_ was at some of them, which we didn't know he _ was at some of them, which we didn't know he was— was at some of them, which we didn't know he was at. that is still speculation, which downing street is refusing _ speculation, which downing street is refusing to _ speculation, which downing street is refusing to confirm, and because sue gray's _ refusing to confirm, and because sue gray's report— refusing to confirm, and because sue gray's report was a slimmed down version, _ gra

parker, bbc news, in westminster. let's head to westminster and speak to our political correspondent adam fleming.g up plan is a really big dealfor the this levelling up plan is a really big deal for the government. this levelling up plan is a really big dealfor the government. it is big deal for the government. it is auoin to big deal for the government. it is going to be _ big deal for the government. it is going to be a _ big deal for the government. it 3 going to be a really big big deal for the government. it 1 going to be a really big document as well. lots of stuff for us to wade through. this is the government and the civil service getting themselves ready to deliver on this levelling up ready to deliver on this levelling up agenda, it is not the delivery itself, so the big thing we are going to get today is these 12 national emissions to close the gaps between regions. you could maybe call them targets. that is what they would have been called in the old days. there are a whole load of aspirations in areas like health, education, technology and transport, which are going to be enshrined i

jessica parker, bbc news, in westminster. 0ur chief political correspondent adam fleming explained moreis, this is the government and the sable service getting themselves ready to deliver on this levelling up agenda. it is not the actual delivery itself. so the big thing we are going to get todayis the big thing we are going to get today is these 12 national emissions today is these 12 national emissions to close the gaps between regions. you could maybe call them targets, thatis you could maybe call them targets, that is what they would have been called in the old days. and there are a whole load of aspirations in areas like health, education, technology and transport, which are going to be enshrined in law, and some of them are quite precise, some are quite vague, but they all going to have a measurement or metric attached to guide the government�*s work in this area, and the big mechanism for delivering all this stuff is going to be an increase in the number of mayors in england will have enhanced powers, but when you speak to people like the levelling up speak to people like the lev