arjun kharpal joins us on the set this morning we had some really big moves looking at alphabet, apple how much of this is the fact that that market was overcrowded? >> let's take a high-level view and put this into context. let's year a lot of the f.a.n.g. stocks were up nearly 50% over the course of the year even with the pullback they were higher than a year ago there's a sense of quocooling o, profit taking. there's no down that the tech sector does remain strong still. if you look at a lot of the companies, they have huge scale. facebook at 2 billion users, 1.3 billion iphones in the market. many of the companies are starting to monetize users in new ways that's a theme you'll see happen throughout this year there are some challenges, of course that comes from individual names, whether that's facebook and its news feed changes or rising regulatory concerns so plenty of challenges as well this year. >> looking at the tech hot board, we can put that up in a second if you look at the moves, apple outperformed relative to its competitors, even though there's been so many stories about