If there's continued strength in employment costs, I believe the Fed will raise rates 50 basis points to slow economic growth by a couple of notches.
What you are seeing now is the buying of individual companies in the Dow for value. It is less a question of tech versus financial stocks, and more a question of looking at specific companies.
There's absolutely no question that the U.S. economy is on a tear and needs to be slowed.
It's always nice to keep some of your powder dry. We like to buy and hold for the long term. So we'll make a specific judgment about the quality of a company, and we'll be buying it over time.