you need to have some cyclicals and growth in our opinion, this is an opportunity. >> scott wren, we'venk you we appreciate that from wells fargo investment institute >>> latest covid variant weighing on small businesses in a big way. potential help on the way? >> yeah, sarah so the pandemic continues to have lasting impacts on main street our latest cnbc survey monkey finds that 30% of small business owners say that omicron and in particular related sick-outs have been a major problem for business, while 35% say that they've been a minor problem now in addition, 62% say that they support additional federal aid for small businesses dealing with the effects of covid, includingnearly 50% of republican-owned businesses. beyond the pandemic, confidence is holding fairly steady, it's at 44. but a reminder, this is just one point above the all-time low above 43 that we saw this quarter last year. those who think business conditions are good right now fell however, there is a bit of a sunnier outlook for regulations and potential tax changes. the other concerns are supply chain, of course, lab

earnings the fed tensions between russia and ukraine all factors movk markets this morning wells fargo scott wrenu so much for being here scott we are grateful irjoining the conversation talking about a market on track for another climb this year, your thoughts, on where -- how that happens i know you are expecting gains for 2022; right? >> we certainly are maria, and i think right now, we have an optimistic view i think good gdp we will see start to decelerate second half so far clients, who have probably more cash than we would ric them to have in yen, where to for us if you look at we are going to open today around 2 day moving average in s&p 500, anything below 4300 rent lows for us a good buy zone we want to still continue to play, this recovery europe the rest of the world lagged a bit we think will catch up into 2023 we still like, things like technology, communications services, that is our growth components they've lagged so you have a relative opportunity there. then for the market as whole i think this is an opportunity as well to buy, you know, we've been down, 11% at the lows in this