 All right the tech sector has been on a tear most notably fang stocks but one expert says avoid fang that's David Bonson chief investment officer at Hightower who is back with us on set and David avoid fang because Facebook, Amazon, Netflix, Alphabet are up 20 to 30 percent year-to-date but over the past 30 days Netflix and Alphabet are down slightly. Yes and so part of that big performance they've had this year is the reason we want to be avoiding it going forward. We think it's had an incredible run and as is often the case its run has gone into even superlative valuations investors have made great money there it's time to peel that back find better value in the market. So is this just a profit-taking call or do you see some sort of crash coming in the coming months with fang? We would never be able to predict a crash so to speak we actually think each company has to be viewed individually some have better merits than others operationally it's a valuation call certainly we're a big advocate of taking profits at these levels but for from our vantage point as long-term investors we just simply think these things are too stretched there's better opportunity in three five ten-year timelines for value creation. So where are those opportunities I mean is it financials is it energy? So we're perpetual dividend growth investors and we see incredible dividend growth opportunities in the financials and energy sector you have a deregulation taking place in both of those areas a deregulation partially coming from Trump administration agenda that does not require the consent of Congress. These are executive branch level moves that are adding value in the midstream energy sector that build out of infrastructure the cabinet appointees there getting things done projects approved the prior administration just basically put a kibosh to on the financial side I think a lot of us know the story there deregulation Dodd Frank we have an expression we're using a lot these days personnel is policy they're pointing personnel that we think do not view things the way the prior administration view things allowing for greater capital management out of the financial institutions we like the asset managers and we like the more well-run and free cash flow generating big banks. Well and President Trump is set to appoint a somewhat bank-friendly person to the bank regulatory body on the Fed. That's right this so Randall Quarles who's been named now as of this morning the vice chair Fed supervision been been appointed still will require approval is is a very qualified regulator supervisor comes from Treasury Department but having worked at Carlisle private equity background understands the wheels of free enterprise we think it's a great appointment and great for investors and just back to energy from what you mentioned that sector any specific names you're watching there I can't say enough about enterprise products as for as far as a midstream leader in the MLP pipeline space incredible volumes great counter parties a hundred and twenty five percent distribution coverage and has grown their dividend 61 quarters in a row we think it's deeply undervalued you're going to buy it now at over a six percent yield and they're going to grow that distribution over five percent a year token income. Alright David we'll leave it there David Bunson from Hightower thanks for joining us. Thanks for having me.