we are rejoined by mainstay capital management founder and ceo david kudla. you so much for being patient and staying with us. i want to pick up on the last point we were talking about, the process of bottoming out. we heard president trump say earlier he would love to see a big bang reopening of the economy, but realistically it could be more of a targeted, staggered reopening across part of the country. buy signal at this or would you really need to see more evidence from health authorities before you feel that confidence? david: it is interesting. when we have been modeling this bear market and the eventual recovery, and we still look at this as an event-driven bar market, not a secular market. into a secular market if it goes on long enough, if employment and enough of the dislocations we have seen in the bond market, if we see credit become more of a problem. there are those who already want to call a secular market, much more catastrophic like 2008, 2009, and the financial crisis. we still consider it more in the event-driven bear market category that w

joining us right now main state capital chief investment strategy david kudla.thank you very much for being here. in this incredible moment in time, i guess you have to write off the first quarter, right, in terms of the earnings that we are getting from the big banks, what are you watching and retail sales as well, we know what happened in march? david: yeah, it's maybe difficult for investors to do that and, good morning, maria. it's difficult for investors to do that but this backward-looking data whether it's the job's numbers, some of the economic data, you know, whether the numbers are no matter how bad they are, we know they are going to be bad and really what we need to do is look forward to the recovery of the economy, the continuing ideally improvement numbers and how the country is continuing to heal and how the eventual economic rebound will occur as we get back to work as businesses begin to reengage and the economy restart. that's what we are looking forward to in that data in june. maria: yeah. in the face of that you remain bullish on technology.