Mike Cudzil, PIMCO senior portfolio manager, joins 'Power Lunch' to discuss Cudzil's thoughts on what to expect from the Federal Reserve, if it's behind the curve and much more.

The concentration makes the entire market vulnerable to shifts in interest rates. As yields go higher, money could move out of stocks and into bonds. Bianco warned that if 10-year Treasury yields hit 5%, it could trigger profit-taking in Big Tech stocks.