He expects tech stocks and the broader market to end the year higher and says this is a dip you should buy into.
Emanuel: Well, it’s been can’t miss if you held it over the long haul and you know, sort of put away your portfolio periods in 2000, obviously in 2007.
And when tech is trading at volatility lower than utilities, you know the most boring, you know, sort of yield sensitive area in the market, that to us is an imbalance that in talking to our clients we felt like the ones who were investing were getting nervous and the ones who weren't invested had fear of missing out.
And so to us, you just sort of hit this emotional peak where we felt like the gains in the FANG names in particular were making people uncomfortable.
And when we look at it again, just going back, we don’t see sort of a period of 2000-2003, you know, deep bare market.