 All right, we might have to break from this market discussion here for this Florida pressure Pressure on the timeline of yesterday's attacks in Florida one of the more devastating attacks on a school In the meantime, let's take a look where we stand at the corner wall abroad. The market is racing at right now These are in and out of session highs actually where we were a lot higher I should say a little bit more than 200 points higher, but we are well into positive territory in the year right now So can we hold that and can this be I think the fifth day in a row of gains? We've got Margaret watches Gary B Smith We got Melissa Arma back with us and of course Deidre Bolton Melissa your take on what's going on What do you mean? I was really surprised how much we've recovered since the week I don't know why I'm shocked But I am because I didn't expect that sell-off to happen last week so quickly But I will tell you this if we a hundred percent retrace that sell-off one week right afterwards Look for smooth sailing in the market to make more records and brand new all-time highs We got to get over the high of last Monday's sell-off, which we're not that far from doing We can even do it tomorrow. Well, that could worry some people as well I did or that's a you just fluff this off like there was no message intended I agree with that and I do think as far as market tone goes. I think choppy markets more choppy trade Yes, we can hit higher highs. I also think we can hit lower lows I mean for me last week was sentimentally about that but it does seem so choppy trade is here to stay But it also seems that the market is willing to support We saw those ten-year yields hit a four-time four-year high excuse me right before the opening bell today So the fact that markets are still moving higher says to me, okay At some level investors are getting just used to the concept of slightly higher rates Yeah, or slightly more volatility. I'm guaranteed. What's interesting with this phenomenon late is it's been occurring as interest rates have been You know inexorably backing up. It's like the ten-year almost is screaming 3% 3% get there, and I don't know what'll happen if we get there because we're close to that Well, I don't think anything's gonna happen when we get there You have to put it in perspective Neil as you remember the days of super hyper inflation Back in the the mid to late 70s now. We're at 2.1 percent inflation We've had many many great years in fact for the last 60 years the average inflation is closer to 3% So even if it goes up 50% from where we are now We're just back at the average in many many years in the 60s in the 80s the economy GDP Unemployment have done quite well with inflation almost double what it is now and the Fed funds rate much higher So I think people are used to obviously lower rates But I think there's a lot of room to go before we really it really becomes a concern Most are you in the camp at higher rates are good because they say that things are good well not necessarily I think we need growth. So it's a constant balance with the Fed I mean, I wouldn't want that job. He paid me 10 million a year wouldn't take that job It's crazy it's impossible But the point is for regular people if they're making more money if they're feel good about the retirement And that retirement accounts are growing and they're making more they're not going to notice a little bit more if they're paying a little bit More it's if they're paying a lot more. That's where it's going to come out with a cost of goods I was surprised that number came out where it did it overshot it next month I think that market's going to react to that every number is going to be looked at under a microscope now worse Well, I'm kind of with your Jerome Powell has his workout for him But you know Greenspan started I think was like two months after the 1987 crash, right? You know, they all have their baptisms by five Yeah, I do think market is already pricing in three or four hikes and to Gary's point, you know Historically, yes, we still have pretty low rates Gary What if it gets beyond the three rate hikes at a minimum that are expected? I think I think at every major number There's going to be the market jitters and then people are going to look around and say my gosh GDP is now over three percent unemployment dropping. Yeah, I mean I think it's people are going to get used to it and I still don't think inflation because of the severe Competition we have both domestically and internationally for the customers dollars I don't think it's going to get out of hand here Here's what you want to look for Neil follow through Yeah We didn't have the follow through this weekend that sell off if we have the follow through in the rally this week That's what people want to watch. That's what's important the follow through is a follow through higher as a lower And right now it looks like it's higher not lower. The follow through would mean if we retrace all the ground loss. That's right Interesting. All right guys. Thank you very very much in the mean time Follow through now on a little reminder by the president of the United States for higher federal gas taxes We haven't seen one in a quarter of a century