small caps might be the next place to look for opportunity, according to "fast money" trader julie bielays the group is attractive. she's here to share some of her picks. hey, julie. nice to see you. >> hi, how are you guys? >> as a group, small caps are trading more attractively than mid and large? >> yeah, i mean, they're inexpensive, relative to mid and large, but they're also inexpensive relative to themselves historically. they're kind of trading at multi-decade lows. and, to me, that actually makes a ton of sense, right? small caps tend to be more cyclical, more sensitive, it's harder for them to raise capital in difficult times. and they are in still a bit of anearnings recession. if you look under the hood, you can find names that are higher quality and growing their earnings. and they're not that expensive. so, i think it's kind of an opportunity, if you are willing to do the work, to find some really nice little undiscovered gems. one i would think of is a company called black line technologies. this is, you know, kind of in the sleepy domain of accounting software, but what's

joining us now is julie biel chief market strategist at kaine and ruddnick. good to see you.n i see you it's on "fast money" when i substitute for someone. >> that's right. >> good to have you here. talk us through what's been going on in the market over the past week or so as what had been sort of a string of unbroken gains turns into a little bit more choppy performance, basically on that inflaution news, i suppose. >> it's the problem with expectations like when they're really high and we set ourselves up for disappointment and so the market really got enthusiastic about the number of cuts as opposed to just listening to what the fed was saying in terms of, you know, we're going to wait until we have more confirmation data that says we can really cut here, and i think all you have to do is look at the dot plot. there are three fed governors that say in 2025 their rates will be above 5% and there's one that's at 2.5%, right in there's a lot of divergence of opinion with the fed and what that means is they don't really know it's data dependent and what they should focus on i