this is what kathy jones at charles schwab had to say. >> we are more cautious now on credit than everone of the consequences of this rally has been because volatility has come down and the spreads have come down and that's giving -- getting is more cautious on credit. katie: my guests are still with us. more cautious on credit than ever is her take a what's your anxiety level when it comes to the corporate bond market? >> i just don't have anxiety about it. you rbc have to be selective and tom's comments were spot on. the bond market is offering opportunity we really haven't seen since 2007. i think there is real opportunity within several areas of the credit market to build fixed income in a portfolio. we wrote about it that 60/40 is not dead. there's been a lot of articles that 60/40 was dead and we don't think that's the case. we think clients can diversify across the spectrum of fixed income and not only credit. katie: where do you fall on that spectrum of being worried? >> we think investment-grade credit is still a good pocket to hold onto we think the spreads are more range bou

kathy jones joins us this morning.nuum, along maturity and along duration. where are you shifting and where to be in fixed income given the -- you go to the belly of the curve. are you brave and go out? or are you short, short, short? kathy: we have moved gradually towards the intermediate part of the curve. through the belly of the curve. we are starting to move out of bit. if we get close to 4%, we will move that further. i think the issue was that the market has gotten too far ahead of itself in pricing and right cuts and not keeping up with where the fed was. we had that tempering and the following. part of that was also due to lower volatility in general. we were mispriced for the fed policy. now i think we are getting back to a more realistic level. we are seeing inflation slowing down and yields coming down long-term. the market got way ahead of itself. tom: this is like active, passive equity markets. it's along a continuum. jonathan: we have seen a real shift. based on what you have seen so far -- kathy: it is

jonathan: coming up, bob michele of jp morgan and kathy jones.on of morgan stanley and other people from wells fargo -- and chris harvey of wells fargo. tom: we may give a question on weight -- tom brady. for america, it is a big deal. jonathan: this may not be a big deal for you -- tom: this may not be a big deal for you. jonathan: when mike mckee broke the number, and came back, i went straight to brady. tom: you did. jonathan: do you understand -- i understood the magnitude of the moment. lisa: you're going to leave now? jonathan: i don't believe he retired. lisa: i think you are right. i think he retired. jonathan: all right. [laughter] ♪ 202 pounds on golo.'ve lost so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and i