 Well, it was a tough session for the market that saw pockets of panic. That's right from an assortment of news and speculation First there's inflation. I think that's gonna be your new boogeyman now We saw crude oil almost at 70 aluminum prices surging both to multi-year highs Lumber hitting an all-time high and that bulldoze shares of home builders The question though is whether the Fed will act on its natural imposes and poll pulses rather to hike rates too soon Too fast and too much dinner iPhone concerns this after disappointing news from Taiwan semiconductor We saw shares of semiconductor stocks really taken to the woodshed even those with limited exposure to Apple Then there's all the intangibles right the world of politics political intrigue It's taken a toll on the market this year But maybe potentially good news this time for president Trump Reports that he's not a target of either the Mueller probe or the Michael Cohen raid helped the market climb off The canvas into the close then of course there's also corporate earnings guidance Mostly great so far, but certainly held a pay for any company that comes up even a little bit short So what will ultimately matter most of the market and we're exactly is it heading joining me now to discuss Melissa Arma a Stock swoosh Aaron Gibbs portfolio manager at S&P investments advisory services and Lindsey Bell and Investment strategist at CFRA research. All right, Aaron. Let me start with you What what what should we be thought what should investors be focused on the most right now? So today first of all, we have to put this in context because we've had eight days of an upmarket So it's okay that we have a breather. So that's not yeah That's not panic Certainly inflation is a big concern one thing you forgot to mention Cocoa had spiked so for those of us that are panicking that our daily chocolate fix is gonna get a little price here Okay, that maybe you need to worry about but the markets really letting it down The markets really I see this is a good thing. Look financials were actually up to day So that was one of the leadership is safe haven now because they all popped on earnings gave it all back an interest Interday that's those same sessions and then today to your point. They were up But I felt like it's becoming a safe haven now I think I Wouldn't quite say just to say fate and look we're still looking at interest rates I think there's stills are gonna be some good days, but yeah on these down days You have financials had a had a very good good day today. Listen, you're generally optimistic Are you concerned though because the market is trying to break out? We tested those lows a few times We're starting to break some upside resistance points, but it's still tough to gain and contain Continue to have traction. I will tell you I am positive and optimistic So I don't want to panic anyone but my outlook for 2018 is not the same as it used to be two months ago And here's why we've had too much selling even the banks who pointed out they gapped up on good earnings fell off a planet Each rate is down tonight in the after hours on earnings these banks are not flying through you're not gonna see the market I don't think make new highs this summer maybe towards the end of the year We're in a tight tight range was not enough buying too much selling the market can't move higher without buying and the banks Are a leading driver of that next week is a big week tech reports Facebook Amazon Google They gotta do it they have to do it and the market isn't gonna continue higher Well, you know what tech single handedly kept the market going last year So maybe they can step up to the plate but today on let's claim and have the opportunity to interview Christine Lagarde of the IMF and she has some interesting comments about what she's concerned about in fact She shares them with president Trump Where I applaud President Trump is when he focuses on the overall deficit of the United States and I'm talking here about the fiscal deficit Which is one concern that we also share because that has to be gradually over time Using fiscal policy that is growth friendly that has to be brought down in the future So that the US economy is solid and strong with the two deficits addressed So so Lindsay see you know she talked about the two deficits the other one being trade Which I'm not sure she agrees completely with Trump's tactics But even there she sort of gave him some props But we all talk about that our deficit and 21 trillion dollars But we all whistle by the passive graveyard because no one knows when it's gonna blow up in our faces, right exactly the CBO is estimating that the deficit is gonna exceed one trillion dollars by 2020 And it's just gonna keep going up from there the omnibus spending bill that just passed 1.3 trillion dollars How are we gonna fund that we're gonna have the government's gonna have to issue some debt and we're an interest rate rising environment That's gonna cost us money and that's gonna be a huge problem down the line When it's gonna blow up is going to be a major concern It just means the fads really gonna have to be careful on how they raise interest rates in the face of inflation So before we go then how are you seeing the markets near-term and perhaps for the rest of the year your term? You know I'm feeling good about it because the economic environment right now is solid I tend to agree with Melissa that you're gonna need to see tech or the financials really take leadership this year And if they can't then we're all in trouble real quick Aaron The markets for this year is it too early for you to say or where you which way? No, we're still gonna be up any year where you're looking at 20% earnings gross Even though there is you know the tax reform that's a good year and that was the estimate so far They're coming in they even higher than exactly so things are good. Thank you all very very much Well, the recent study shows up the way prescriptions are actually down 10% across the country yet Deaths related to the drugs are on the rise. This is a real issue And I think it adds support for more security at the border National Guard wall both. We need it It's desperation time. We'll talk about it next