Are You Throwing Babies Out With the Bathwater?

Danny Cevallos: Tech is getting grouped in with growth quote unquote, if you will. He says the market has started to see a lot more discernment in terms of FANGMA multiples. And all of these companies are getting a lot more competitive with each other, he says. Cevallo: We're really focused on there are some strong, solid micro stories and it's less hey, let's buy the index.