Schwartz: A lot of the narrative around tech stocks right now is capex

Yesterday talk tech stocks they sold off. It was like oh man I was the New York Stock Exchange. It's ro it's a rotation out of tech and now this morning we're rotating right back into tech and we're also getting some headlines.What does that tell you about investors in the tech trade. Was yesterday a response to valuations. Was it overconentration.I mean what was yesterday and what's today. Why are we seeing such a quick bounce back. >> Well I think a lot of the narrative right now is that capital expenditu ...