let's welcome back scott kroner.ant to -- i won't ask you to weigh in on the existential debate let's talk outside tech. if you think back your last hobart, we had a broadening out of the rally and then the calendar flipped and it feels like the bullish fantasies of going by the wayside. when it comes to the market outside of tech, do you think we could get that momentum back? >> i think it's a good conversation point. the market is broadening under this service. companies above their 200 day moving averages have risen significantly over the past three or four months. it gets masked when you have three or four of the big seven driving the full year index gains but under the surface, there are many companies that are on strong momentum plays right now. i think this will continue. the market seems to be discerning between longer-term growth trajectories and if you can look at that, you are in pretty good shape. katie: what would be the catalyst? is this an earnings story where the fed finally moving into cutting mode?