the nasdaq had been what a different story and that's where you've been focused, looking at the technology and finding the themes that have pulled through.
> we engz mentioned that the dow and the s&p have been in trouble. we're going to kick things off with david iceworse and david, thank you very much for your time. but if you've invested with some of our hot hands, you are way ahead of the game for 200937 we've got a handful of hot managers that have beaten the managers this morning.
in fact, the dow and the s&p 500 are down so far this year. really, there's not a lot of data out this week. The market this week to absorb it and maybe we see some downside. i guess my fear is that people come in with some selling to do on the back of the nonfarm payrolls from thursday and you just don't have the liquidity in this week is going to be a light data weekend. and so for sure, next week we start with the data. i think you want to get a feel for not what the number is, but what is the guidance going forward and how are these companies faring in this environment. but i think the financials will be less to focus. i think that the earnings we start to get next week, we have goldman, wells, i think actually - i mentioned the financials. but i'm wondering why the whole story is a macro story, that all the individual names, you look at what they're saying to get a picture of the overall situation and the less important of the specific companies. so this great earnings season that we're coming into, we're going to look at all of these things closely. > is that the theme for why the dollar is stronger? > yeah. Know, the united states is the best place to be at this time. reading through everything on friday and saturday, it was the first thing that came to mind. i normally think risk on/risk off is an over simplification. so does the dollar benefit, then? > i think the dollar looks pretty good and, you know, it's interesting, specifically the aussie, they had a gate retail sales number last week and even the saucy comes in after. > and then the commodity currencies get hit. you would see it maybe a little bit more in the long end. should we get used to oil and commodities trading in tandem with equities? that's what we're seeing and you're characterizing that as any risk-based trade, when it goes down, they all go and the only thing that goes up, what, bonds? > bonds would probably rally. so i think if there's any selling to be done, you may see some of that come through today. If you look at volume, which is a light stage day. some of the larger industrial companies have long been restructuring. if you're looking at higher quality names, what are some of those names that you think are better quality stocks that would do better in this environment? > i don't usually discuss visit companies, but i think that the kind of criteria for companies say in the early 90s that are important where strong balance sheets, the ability to pay divide dividends, the ability to be leadership and when you look at those kinds of things, the areas that have restructured include information technology, i think they include some of the stronger energy companies, even though energy is not doing well right here. probably we're going to see moderate pullbacks here. and so it's a restructuring kind of economy, different kinds of stocks, higher quality stocks will be doing better. you think that's not the case? > i don't think it's the case that we're back to where we were in 2006, 2007, within a few months.