joining me now, niles investment management founder, portfolio manager, dan niles.have you come to grips with the possibility of no rate cut this is year, and if so how would the market react? can we still rally without any rate cuts? >> the answer is yes. we've been saying it for a while that the odds are pretty high that we get no rate cuts this year because i do think inflation, because the economy is strong and the supply side is somewhat restrained that you could end up in that situation. now, if that's the case, i think the market can still go up but you're going to have be highly selective. you're seeing it this year. that's a great thing for fundamental investors like myself because, then, it is not animal spirits that are making everything go up or everything go down. it is actually fundamentals. you can look at a tesla this year where the stock's down almost 30% or an apple where the stock is down you know, a few% for the year and compare that against an amazon or an nvidia or, you know, meta, where those stocks are huge and it is really driven by earnings