 The markets are in cautious trading after Monday night's terror attack in Manchester. Let's bring in Margaret We're trying to portfolio manager at Clearbridge investments joining us now from the Nasdaq so Margaret Obviously a horrible scene in Manchester the markets aren't really reacting to the attack But these are of course risks that investors need to account for right? Absolutely, I mean, you know both economic and political risks are are abounding And you know we as we think about investing that we just try to stick to thinking about the fundamentals of companies over a longer period of time Alright now the markets are also looking for some sort of catalyst now that earning season is sort of ending and you know that catalyst Could be the noise out of Washington and if so that could likely be a catalyst that moves us lower Would you agree with that? Well, certainly there's a lot of uncertainty coming out of Washington. I think there has been a lot of talk We haven't necessarily seen any definitive legislation out of Washington So you know we look at all of the the conversations about Infrastructure spending or tax reform and try to think about how it might affect what we think are good quality businesses to begin with But you know generally speaking we really tried to just focus on the longer term and thinking about Finding good quality businesses that can compound over time as opposed to thinking about you know What would repatriation mean on a one-time basis for any particular company? But still do you have to sort of factor out hopes of deregulation tax reform infrastructure spending given all the Termo oil that the White House is in right now I mean certainly one would expect the headwinds in the White House right now to delay those market-friendly policies Well, it's not clear. I mean if you look back at at other Other presidencies where there has been turmoil in the White House and that certainly happened before The those kinds of situations tend to take some time to work out So you know it's very possible that that may continue for a while again I mean we try to think about the fundamentals of businesses and whether whether visas revenue continues to grow and they Continue to be generating really nice returns over over the next several years That's not really dependent on on whether we have an infrastructure bill So there are still lots of investable opportunities and we tried to just focus on those all right and speaking about the fundamentals of the economy We all we of course have the Federal Reserve weighing in in its minutes report released on Wednesday I mean the Fed has to be careful in its language and not just spook the markets Especially when it comes to that balance sheet, which is now an issue that investors are starting to think about Yeah, I absolutely agree. I mean I think look if there's one thing that this Fed has done What I think it's a pretty good job with is trying to take into account current data points And those data points are not just us data points, but global data points as they think about how quickly they raise interest rates So, you know a consensus seems to think that rates will go up another 25 basis points that that's probably right I think I'm more interested in thinking about what when is the next raise after that and what other data points are They're gonna have by September or December in terms of thinking about the slope of that that you'll curve and how fast they raise rates All right, all issues will be following Margaret. We're trying out. Thank you so much for joining us