The Fed's Positioning on the Chip ETF and the Cloud Computing ETF

The SMH, the chip ETF, the WCLD, the cloud computingETF. Are you saying this is a buying opportunity right now? Or are you concerned that tomorrow they can move another leg lower if we see a job support that's either in line or hotter than expected? Frank: I'm not going to make a prediction on whether you should be buying in the next 24 hours. What I'm suggesting is these are the areas of the market in which you've had strength so far a year to date. And if you get a further correction with rising yields as the catalyst, those are the areasI want to add to positioning.