he says the technicals are looking constructive for technology joining me now is david harden, ceo and chief investment officer at summit global investments jeff hirsh also with us on the phone, editor and chief of the stock trader's almanac thank you both for being here. david, we'll start with you. this technology trade has been the driving force behind the rally that we have seen, no doubt about it why is it that this trade is still very much a focus, and can that rally continue? >> i think one of the things that this magnificent meta, tesla, amazon, et cetera, these individual companies are doing very, very well. so from a tech perspective, even though we're rather defensively playing it right now, and we're a defensive manager, we're a risk manager, the reality is, this trade probably continues, and this breather is probably good for those stocks. if you look at them long-term, i don't think we're going to get the prices we had in system of these individual names that we had back in december so overall, i'm defensive on the market, a little cautious on the fed, but i'm positive on

harden the lines? are we changing the narrative or are we building? tom: a lot of people, including david lot of people are looking for that. tom: there is a crisis with the swiss people and their banks. spc ubs. this was 30 to 40 years ago. it is a history that patrick barnett knows. he has been giving us guidance here. this is not a shock to me. give us an update on the outrage of the swiss people. can the swiss people tell the elites what to do? >> that is a question that we had that goes in that direction, where you had them looking into if there was any wrongdoing on the side of managers or whatever. it tells you that there is a lot of focus on that deal. i'm not so sure, aside from the fact that they appreciate that there was no breakdown in the system but they are on board with the merger going forward. that leads to the deal with margin of error. tom: the crisis with the depression, fdr took over and literally, that evening, he and herbert hoover put their desks together to begin to solve america's depression problem. what are credit suisse and officers doing? are they putting the