bob dahl is chief equity strategist at nuvine asset management, thank you for joining us. what do you make of the increase we've seen in interest rates and what does it mean for people holding some of these bond funds? >> i think there are three reasons interest rates have begun to move higher. one is economic growth. it's been better. we had a good october retail sales number. recently a very strong durable goods number. the lowest weekly unemployment claims in 44 years. the economy is doing better. number two, inflation's beginning to move from very low to low. and on top of that we've got an election. and looks like we're going to get some pro-growth policies. all of that has caused interest rates to move up about 100 basis points, 1% from very low levels to still low levels but probably heading higher. >> so if you say they're probably heading higher because fundamentally things look pretty good, should people who own some of these bond funds be selling them? >> well, if people have owned bond funds for a long period of time, they've had a wonderful ride. as you pointe

also still with us bob dahl. volatility was pumped up through the end of this week.hat happens now beyond now that we have results? >> there's tremendous uncertainty. any client is going to do exactly what you guys are pontificating on this morning. what are the policies going to be? what is trade policy going to be? what is infrastructure spending going to be? there's a lot of uncertainty. the biggest thing we all need to focus on in my opinion is what is he going to do with the fed? he's been very, very down on the fed and policy. and the biggest question is what is going to happen with janet yellen, what is she going to do? will she resign? it's been speculated. or will she stay through the february 2018 term? and what does that look like for the markets going forward? investors have been forced into a net form marketplace. they have to put their cash some place. so i could see volatility being pumped. today nearer term. but within a week, we're going -- everything emotional will go and we'll -- >> i have a problem with what you were saying pontificating. that sou