ahead of the president's state of the union address this yoo evening joining us for that is jack caffreymorgan private bank, and portfolio manager at -- good morning to you both. jack, just to kind of set the scene, right, we had what now appears to be a little bit of an overshoot to the down side in december a panic about ip independent recession or some kind of other disruption taking back about half of the overall loss from the fourth quarter. back to early december levels. earnings have been not so great, but better than feared can that equation work for a much longer from this point not being as bad as we thought >> not as bad as feared. can carry you for a part of the time i think the shichtd in fed policy away from we're going to tighten to we're going to be even more data dependent than we hinted at being and perhaps pausing forgood. or for at least some extended period then i think if you look within the earnings story, the earnings story is okay. while you have -- you mentioned a large tech bellweather spending a little bit more than people were expecting them to, and at least