that's why the gotha cpe. the question to ask yourself is okay, if oil is up 100 bucks one month and down 50 another month is should you be changing policy because of that, and the answer over time is no. you want to look at the core. one other thing is that is the thing that really spoke to the fed. it was not the high energy and food prices. it is when it bled into the core. we talked to georgia today. she said there is this that is down and that that is down but it seems to still be widespread. until she sees several months of declining inflation will she be confident that they can reverse policy or stop the big rate hikes. >> perfect. thank you so much for spending time with us. we will see you at the top of the hour on the cnbc special, the fed factor. while i have the folks still here with me, let's trade this. >> i don't think steve took a poke at me, but i get what you're saying. i think what he is missing, though, is that traders act on whatever the market gives him that day around their core position