Good evening and welcome to the CNBC special taking stock. I am John Fort. Jim is off tonight.

We've got an action packed hour coming your way. The countdown is on for Powell on the hill.

The Fed chair faces the House Financial Services Committee tomorrow. Stocks got a late day

fade ahead of his statement. The Dow giving up again to more than 180 points to end the day

basically flat. The NASDAQ up more than a percent at its highs ending just in the red.

Investors keyed into any indication how much higher the central bank is going to hike.

A rates meanwhile ticking back higher the 10 year climbing back toward that 4% mark.

And tonight we're going to help you find opportunities in it all taking a deep dive into the

asset classes that have this market on the moon. We're going to spotlight stocks to watch ahead of

the Fed statement. Then is fixed income back on. We're going to talk strategies for the balance

seeking investor. Plus big oils bet on where prices are heading from here and cash is keen

when the market tumbles. But after a four day win streak for the Dow we're going to tell you

where to put your money now. All of that is ahead on tonight's special hour. Now today move in

the market comes as we revisit the traditional balance portfolio. Is it back in 2023? The old

investment strategy means having 60% of your money in stocks 40% in bonds and other fixed income.

Thing is 6040 didn't work with interest rates near zero and it really didn't work last year as

they spiked higher causing bond and bond fund prices to tank. But it's a new year and investors

who have favored 6040 have been rewarded. Bank of America noting last month at the 6040

portfolio is having its best start to a year since 1991. So should you move to this strategy?

Let's bring in Brenda Vangelio chief investment officer for San Hill global advisors and a CMBC

contributor and Malcolm Etheridge executive vice president for CIC Welp and also a CMBC contributor.

Guys welcome good evening. Brenda a big part of what low rates trained investors to do was chase risk

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