kate moore is staying with us.ng to a higher open. we have a lot of fed speakers coming up, including jay powell. this is bloomberg. ♪ ♪ scarlet: i am scarlet fu in new york with nejra cehic in london. ,utures rolled up a little bit pointing to a higher open but off their best levels of the session. in considering sector performance this year, i have the group ranked returns on the s&p 500, technology leading the way at 28%. energy barely changed and health care another laggard, up 5%. let's talk about tech and health care. of the sectors out there, you like technology and health care the most. kate: it looks like a bar mail strategy on that chart but we are interested in companies that generate free cash flow. cash flow is king, particularly in these uncertain times around geopolitics or growth. you want to focus on companies that can generate cash in all stages and are not dependent on stimulus to grow. there is so much noise underneath the surface in all of these sectors. within tech, you have cyclical -- semise