liz: speaking of cuts, sam stovall, cra research.e oil spiking 1 1/3%. it is a fact of the markets these things just as charlie say correlated, the? >> exactly, liz, and i think what the concern is that the market has done so well. they have been hearing strategists talk about you how the market is vulnerable with a digestion of gains and the possibility the fed will be slower to lower interest rates, combined with heated rhetoric in the middle east, those factors are taking profits as they can. liz: go ahead. >> sam, do you think the june rate cut is still baked? we had larry fink on, blackrock ceo, saying he will generally do it. powell usually telegraphs what he is going to do, that was early but now it is kind of mixed, what do you think? >> charlie, good to talk with you. there is still more than a 50-50 chance the fed will cut in june. we're forecasting 75 basis points, 25 basis point cuts between the june and the end of the year. we're only likely seeing one rate cut by bostick. some are saying why have any rate cuts. liz: bar