joining us here in miami is david zervos, jefferies chief market strategist, and elizabeth burton, clientestment strategist at goldman sachs asset management. great to have you both here on set in miami. elizabeth, i'll start off with you. what is your reaction? because, you know, it's funny, the statement came out, people got really concerned that it was hawkish. the fed sort of pulled that back a little bit. and then you got the trump trump effect as well. >> look i think. >> it's. >> it's not unexpected. we were. >> sort of. >> waiting for a. >> pause this time. and. >> by the way, not a lot of the investors. here other than the. managers are really thinking about it. >> they're mostly thinking about the. diversifying assets they want to meet here. but we haven't changed our forecast. we're still expecting two cuts this year, 1 in 2026. >> and the timing. >> is kind. >> of uncertain around that. >> but we thought it was. >> interesting that they. >> removed the clause about the. >> progress towards. the 2% inflation. >> which was. >> again, not meant to be a signal. sure, he later on s

we'll kick off the show to the best ali mccartney and elizabeth burton on deck and they're helping the slam stocks and breaking down the real message of the bond market and gary says that matter as lot more than powell. plus, for years i've been pounding the table on enseemingly practice -- unseemingly practice of insider trading but a ban could be in sight and america seizing the panama canal. all that ask so much more on making money. for about a year, you heard only about the rotation trade and maybe we're rolling over. think about this, the fair index that green need and will it's started moving in the wrong direction a week ago and i was thinking maybe it was more like extreme caution but as you see, we're getting a lot closer to extreme fear and this time it probably is a really good reflection of how some are starting to feel but good news going for the area and sooner and stronger and i think it will bounce back. part-time are anxious about all this and emotions and they're in line with the sharp directional change of the market. think about this, in the blink of an eye, indust