STORY: Coons added, "when you look at your Microsoft or Alphabet, those are companies that have a very robust business model. That's what we're buying into when we see dips like we saw last week, because the valuations in those names, while they're on the high side, they're not extremely stretched."

"On the converse side," he added, "when you look at a name like Nvidia, where the valuations are very difficult to digest and understand, those are names we're moving away from because they're kind of a one trick pony. They only have one major business model revenue stream. And so we're we're stepping away from names like that - remaining in tech, but we're staying in the, kind of the older, less exciting names."