. >> for more on that and the trading day ahead, let's bring in david katz at matrix. > good morning. >> bob was spelling out that a lot of the earnings growth is coming from the mega cap tech companies. is that concerning for you? >> it is not. the market generally is a discounting mechanism. right now, earnings are light for the majority of the s&p. however, if you look ou out 6-to-12months down the road, those companies are doing well. the s&p is about 20.1 times earnings. if you take that out with the magnificent seven, it is 17.2 earnings. if you look at the russell value, it is 15 times earnings. there are lots of opportunities out there and you are not getting growth right now. it is time to buy them here. >> with that point of view in mind, i want to get a sense of how you see today shaping up. what is your "wex" word of the day? >> frenetic. any points in companies with individual earnings are sending stocks higher. same with lowering rates. expect a lot of volatility. the key for investors is to take a longer term view of the stock market and try to buy the di

joining me is david katz chief asset officer at matrix asset advisers. in the daylight. what does that mean? how is the market move and the makeup going to change over the next number of months and quarters? >> we are still upbeat about the market and we think that the things that have done phenomenally well will slow down and the technology and the magnificent seven start this year on a roll. we think that will slow down and the areas that we don't think has done well we think much more valuations will be the next leg and that will include things like healthcare and the utilities and drug companies, financials and industrials. all really have not done a lot at 14 to 15 times earnings and we think that's the place to make money. >> yeah. i saw a chart on x formerly known as twitter with charlie of creative planning and it said the ten top holdings in the s&p 500 are now over 32% of the entire index which is the highest concentration going all of the way back and maybe ever to 1980. ten stocks, 32% of a 500-stock index taking nothing away from the nvidias

david. so you are 75, so i can't call you. so after call you mr. katz? no i'm too. i have two questions. i'm an ordinary working person. i came from the streets and i'm not ashamed of it. i'm from street suits. i like that. okay, i have two questions. one, you said she was a pilot. i want to know how many flight hours you had. hold on. don't answer it. yes. okay, katz, the second piece is i want to know what your opinion is of the current mayor of new york city, because there's lot of stuff going on in new york city. and i would love to know opinion is right. first of all, i started flying in a cessna 172 at a ramapo airport. then i moved on up to a cessna 206 that charlie from crashed. they sold me. then i moved up to a navajo chieftain counter-rotating props and. then in 1978, when i was 30 years old, i bought a jet citation jet. i bought it from roy disney. the tail number was november for a for r.d. roy disney. and when i to fly that i said to my pilot this is expensive to fly this i said so then i ended up making a deal with atlantic city to fly customers in. we had two or three and