biot occur -- beata kirr with us in moments. earnings not bad.onathan: you know what the big mystery is kailey: how divorced -- mystery is? how divorced the conversations are we have a rose are -- we have every day are with the market. when people talk about the doom and gloom and margins, you've got an equity market just short of all-time highs. it is getting harder to reconcile the conversation we have daily on programs like this and where the market is. jonathan: andy pullback -- tom: and a pullback like today is crushing, negatives .07% -- -0.07%. jonathan: every time there is a pullback, we need to talk about the durability of the so-called fed put and how durable that fed put can be. have we finally broken out of this lower inflation regime? that's got to be top of mind for bread much everyone worldwide. does the fed have the capacity to keep supporting and equity market if we break out of a low inflation regime that has dominated the economy for the last 10 years? tom: we heard it on deposits from the major banks. the wall of money out the