Alec Young, chief investment strategist at MAPsignals, tells BNN Bloomberg he is still positive on tech, but his call for the second half of 2023 is a broadening of the market rally to other sectors like financials, industrials and energy. He says the stronger earnings growth of tech stocks over the broader S&P500 justifies their valuation premium. He adds that a 25bps hike by the Fed this month is “baked in the cake” and that the US job market is now in a “Goldilocks” situation where gains are neither too high nor too low.