joining us now is shannon saccocia of boston private wealth cio. y are they not performing as such? shannon: there's two things happening. we have seen this move toward growth. some of those safe haven stock stocks don'tnt -- represent the growth and momentum factors that have outperformed. of investorsicence to move to move toward those stocks because they haven't performed well over the last couple of years. we've seen this move over the thoseive or six years to defensive names. those have been performed. investors are unclear if they will perform well. alix: the violent rotation of financials and utilities, it was about financials and then, boom, it was about utilities. shannon: we are really looking forward to earnings season. we will get a lot of clarity around how companies are feeling about potential impacts of the trade war. we will be able to see those comments from them. from our perspective, economically, there isn't a lot of rationale to move away from the things that have performed well. we will see some of these gyrations. if you think