 Stock swoosh founder Melissa Armo along with SureVest wealth management CEO Rob Luna Melissa, let me get to you. What's your take on the markets right now? It's you need some Pepto Bismol, don't you? We had the big sell-off last week and now here we are up 443 points is this pretty much this volatility here to stay? Volatility is here to stay it came in in 2018. I don't think it's going anywhere. I really didn't look today as a strong day I know we gapped up a lot this morning, but overall this is just kind of like a deadcat bounce It's something that traders use the terminology I really think we might still be lower because the fact is that overall the market strong But everything that happens every headline that comes out every news thing the market is reacting very volatile to it Selling off quickly and then bouncing again and selling up quickly and the range is broadening We're still strong, but the range from the high to where we're at in this base is like wide It's getting wider and wider wider. Well, that's interesting because Rob You say look we are trading in a range but to a Melissa's point that range is like the size of the Grand Canyon right now Well, it's like a size of the Grand Canyon if you look the minuscule ranges that we're trading in over the prior 18 to 24 months But I think you know in general this 11 to 12 percentage point range that we're trading in you know Quite honestly Ashley is normal and we got up towards the end at the top of that range all these headline risks Whether it's tariffs it's rising interest rates the market was looking for a reason to sell it got it now We're back towards the bottom in this range And what you're seeing is as we hit the 200-day moving average support buyers are starting to come back in this morning But I look at that last hour the last hour is gonna be very telling to see if we could hold up today Yeah, good luck predicting where it's gonna go. Let me follow up with you then Rob You say look as far as the economy goes. It's all flashing green. We just spoke with us Steve Forbes He agrees the economy is doing well. We get the earnings next month Assuming they're pretty solid. How important is that for this market? I? Think it's extremely important right because there is a lot of headline risk out there right now investors are definitely nervous So they need this reassurance from Wall Street from the companies from the CEOs out there Telling them that things are still good And I think if that happens we can head back towards the top of that range And like we said that could be a 10 to 10 percentage point move So if you're an investor you don't necessarily want to be on the sidelines and miss out on that That's a good point Melissa I spoke with a money manager this morning who said look I'm looking for a sector that has the least downside the most upside I'm thinking well. Yes, we're all doing that right. He said that sector was energy It's been beaten down too much and has a long way to go on the upside. What do you say? I don't agree with that. I like the idea of buying strength So right now that the strongest things out there are banks and the tech sector except for Facebook Out of that equation, which is unfortunate, but it's all like Amazon Netflix Apple I still like Google still looks good and the banks JP Morgan Chase I mean, I still think that you buy strong stocks. They're coming in. They're coming in wait, though Don't buy yet wait till they're showing of strength for about a week two weeks You want to see consecutive green green days? Just like like if we follow through and rally today and all next week into the start of April That would be a good time come second quarter earnings season to start getting back into these strong stuff I don't want to buy stuff that's weak. That's down a lot. That has a huge upside I want to buy stuff that's proving that it's strong even when the market was falling in the last week and Rob, you know that has been the tech stock. So a lot of money has gone into tech over the last 18 months and beyond Is that still the leading sector these big tech companies or you seeing money go elsewhere? Yeah, you know, I think so Ashley You know really if you're we're looking at not rising interest rates right now The only way that your portfolio is going to be able to combat that is through growth And it's very tough to get top-line growth outside of technology right now at the financials could definitely do it But you know, they're actually been struggling here quite a bit So I'm a little bit nervous about what's going on with them But the old technology stocks Amazon Google two of our top, you know largest holdings right now We're continuing to stick with them and I agree momentum is where you want to be But I don't know that you necessarily would wait for them to completely break out use this opportunity when they're pulling back Technically to enter in the positions and you know 10 to 15 percent from where they were at before is pretty attractive entry point our view Well, listen, I want to ask you the same question. I'll Steve Forbes Do you think all the noise is coming out of Washington that at this point investors pay much attention or does it have an impact on the market? Of course, it has an impact on the market All you have to do is look at the last week or even look back to February It's unfortunate. It's unfortunate because I think the markets gonna shake all of this off But you can't ignore it. We live in a 24-hour seven-day week news cycle Every time you get up, you see this thing that thing the other thing Mr. Forbes was talking about 60 minutes I mean, it's something like that could affect in the market this morning. You can't escape it Yeah, Rob, what do you tell your clients ignore it? Just focus on the fundamentals of these companies Yeah, that's exactly it. I mean when you look at this whole noise about the trade terrorist We have a three hundred and seventy five billion dollar deficit right now You know what was on the table was only 60 billion. These are not huge numbers right now And let's face it. Trump is not gonna get any, you know style points for finesse here. This is his negotiation style He's trying to get China to the table. I think it's a lot of noise right now And investors should just pay attention to the fundamentals wise words indeed from both of you Melissa Rob Thank you very much for joining us today. Now up by the way five hundred points above 24,000 one of those days Well indeed there may be a rally on Wall Street, but shares of Facebook Taking another hit after the FTC says it is investigating the company can Mark Zuckerberg fix this mess our panel discusses it next