david bahnsen for the entire hour. said at the top of the show there is a selloff because interest rates are rising, you get a contest that. >> interest rates rising could be a good thing with the reason they are now strong economic data why would anybody mind a good economy, good jobs, the issues evaluation. when evaluation is so stretched interest rates are going higher make stock prices about a triple-double are you suggesting the tech stocks are way overvalued in bubble territory. >> before we use the b word there is no question that evaluation is overstretched that is indisputable, far higher than the averages, they've grown well in some of the tech companies have good fundamentals, some don't but they're way too expensive. >> what did they come back down to. >> it's different company than my company some are more stretch than others, you notice microsoft up 13% in the video was up 150 or 160%, there is different things in different companies. i do believe the multiples are too high, they have to correct but we ha

it is happening now the dow is off 112 s&p down 103 points, 1.7% a big drop, we have winners, david bahnsen the phone, thank you for getting on the phone with us, what is your analysis of the a.i. text selloff. >> most of the time i've been on the show and talk about the evaluation sign in the concerns for some time that everyone is ahead on the ease of evaluation but today's one of the first days of a combination of the evaluation story and with the fundamental story being the real competition in china are we losing china as a customer is entirely possible were overspending because it can be done cheaper as china may be proving is premature to drop the conclusion but when you're overvalued that's what that happens. >> do you see any buying opportunity today? how. >> yes i like the stuff for and was talking about at procter & gamble and the staples and drugs in the dividend stories do not be buying the tech names on a dip. if it's a real selloff it's not going to be down 5 - 10% is going to be gone far more and a lot of people think this entire thing is about to blow over and going back 50

we had david bahnsen on last week who loves oil, a big trader there and he says he's comfortable with this range as the drives force for oil stocks. i guess you are too? >> absolutely. you know, in the first year, of the trump administration it was not energy wasn't a great place to be. we think it might be a little bit different this year. charles: yeah, well we know it's going to be drill baby drill. before i let you know what's your top concern? >> top concern i think for us is just the overall balance between growth, inflation, and the fed. i think that sums up 2025 and then all of the policies that will come up, all the headlines that might, you know, pop-up and create that volatility. charles: yeah. it's great seeing you. be safe. >> you too. charles: folks so much intentions has been made on big tech stocks but a.i. names also going unnoticed as well. i consider beth kindick the absolute best en it comes to this. she's here to share her thoughts on what's been a consequential week at ces, and her picks are next. investment opportunities are everywhere you turn. but at t. rowe p