going down, then we had a nice broad rally after nvidia it wasn't because of nvidia. it coincided with it. >> in general your take has been that the market would prefer to have positive surprises than negative, even if you get a short-term bounce on lower inflation expectations and in that respect, i guess what's your feeling about the current set of data which has been a little negative? >> it has been a little negative i think in the short term we basically are reading a lot of the things like the manufacturing comeback and the prices paid numbers, as a little bit unhelpful to the fed's cause. i do think we're fine to have just a patient fed that keeps rolling ahead. it's an estimate of when we will ease on the first time as long as it seems plausible, like things are ultimately inflation wise going to move in the direction they need them to move. >> yeah. it sounds like people are willing to be patient as long as they're not patient for an ultimate hike. >> for sure. >> the next...