a positive from asset allocation. >> keith lerner, thank you. >>> a quick look at futures.t the low of the session. down 250 points if it opened right now. the nasdaq taking a turn to the lower side. the s&p down. that is it for us on "worldwide exchange." "squawk box" is coming up next. "squawk box" is coming up next. thanks for watching. what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our hous

keith lerner from truist is here and morgan shank with a deep dive into the world of online dating andood match. welcome to you both. keith, on the broad market action, the index continues, the s&p quite resilient here barely down for the month thanks in part to the big growth stocks doing the work on the upside last week, but we're at one of these moments where central banks rescuing the financial system with liquidity measures, maybe the fed will be done earlier than thought are those things that can continue to support this market or not >> first, great to be with you nice to see some green on the board today. as far as our positioning, at the end of january, early february after that rally, we went to more defense and took some -- took some money out of stocks and raised some cash. as much as the market has been exciting, we see it somewhat unexciting we're still more in a defensive position even if the fed decides to pause or people are looking to the end of the fed tightening cycle. i think part of the reason you have this balance, this tug of war is because the fed came in, the