I'm Julia Borsden, and you're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern, listen in.

Good Tuesday morning and welcome to Tech Check. I'm DeRboza with Carl Kintiniya and John Ford. Today, stocks are bouncing higher this morning after new lows on the year for the S&P and Dow with the NASDAQ. Well, it's outperforming for a change. Top gainers helping the index higher, beaten down names like lucid, docu-signed Z-scaler, Nvidia. That said, still some recession

warnings on the street. Here is our confess, Kathy Wood, talking her outlook earlier this morning

on Squawk Box.

We believe we are in a recession. The durable goods orders we just saw, really we're seeing the strength there because of activity being attracted to the U.S., a flight to safety.

That's why our dollar's been going up as well.

Nonetheless, we think we are in a recession.

Though she guys has conviction to pick up more of those beaten down names in the

ARC fund like Roku and some others for a number of reasons. She thinks that inflation will or has

already peaked. Employment is lagging. And she said this to us before as well, guys. The street

is just so bearish. You can't argue with that.

The VIX this morning, John, above 30.

Some say, though, that you need to see the VIX hold above 30 for at least a few consecutive days if you want to use it as an indicator to get back in.

Gungent Banerjee at the Wall Street Journal, friend of the show, had a piece a couple days ago about buying the dip and how that hasn't worked for retail investors.

Kathy Wood, queen of buying the dip.

I mean, the reason's changed, but she's always, Carl, buying more of what she's already got.

I mean, that's the move.

That's just the move.

It hasn't worked for retail so far, but maybe that turns around, you know, maybe.

Maybe, as she's definitely, as you say, I've been buying more of Nvidia, more DNA and is clearly convinced guys that we're going to be getting the series of at least monthly declines in CPI, which if we keep getting a steady series of them, maybe you do wind up to back a year-on-year CPI back to four or five by the middle of next year.

And as she's been saying for months now, guys, perhaps some deflationary forces.

I'm interested to see what it's going to look like when she starts putting money to work in private markets, guys. Of course, it is a lagging indicator, but those valuations that we have been talking about so much have really come down, have they come down far enough? Where is she going to put that money? Is it more software names? Perhaps newer industries. That'll be interesting. And I think we're going to talk about that later on in the show as well, Carl.

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