coming up, aig chief investment officer doug dachille weighs in. and joining me here on the panel, cnbc's michael santoli. courtney gibson is here. and jim bianco michael, so, we should put up the intraday charts here to talk about what just happened they had the announcement at 2:00 they are raising rates and then we had the press conference begin at 2:30 it was during that press conference that the market's reaction pivoted actually more from a dovish to a more a hawkish response >> yes i think it was a matter of janet yellen, she didn't take the opportunity of looking at this pullback in inflation readings and perhaps a slowdown in the economy and the poor retail sales. she didn't look at any of that and say that's going to cause any kind of reassessment of what we were trying to do here. with getting another rate increase into the books this year whether you believe them or not, she didn't strike that tone. >> it's not just that they said they're going to raise interest rates. it's not just she said they're going to start declining the balance