joining us now to discuss this is adam phillips, the managing director at ep wealth adviser. am, thank you very much for being here with us you heard sarat and my conversation with regard to the economic concerns facing the fed. why do you think markets largely have adopted this and are shaking off any growth scare that we may have out there >> yeah, hi, dom well, look, as sarat said, this was clearly a dovish message i don't know -- i guess the only way you could make it more dovish is if powell said they were going to come out in september and cut by 50 basis points they're not going to do that, but they clearly have the evidence to proceed with a cut at their september meeting, and the market is taking that and running with it. i think the question is, are investors, as they tend to do, maybe taking this a step too far and looking at this as a series of rate cuts that are on the way? i noticed if you look at the fed funds futures, pricing it up to nine cuts between now and the end of next year >> all right, adam, if that's the case, during my travels, i would talk to weathe