joe fahmy skrjoins us now give us optimism, joe. if you don't have it or feel it, pre pretend.for july. >> thanks for having me, brian i have optimism in the fourth quarter. in april, i said the market would not seesustained up tren until stocks pauses the current rate hike cycle. it has been an ugly down trend we had bounces, but they have been short lived i'm sticking to the call we won't see sustained upside until the fed announces they are pausing the current rate hiking cycl cycle. the reason i feel that announcement is important because when you look at past corrections, we tend to come out of them when the fed has a shift in policy. three examples a correction in 2010 it wasn't until berhn bernacke announced that then fast forward to 2018. the fed raising rates. we had a correction then jay powell came out in 2019 and said the fed would be patient on interest rate policy most recently with the pandemic, it wasn't until the fed provided the insane liquidity and an accommodation that led to the up trend. bottom line, market participants need to be patient until the fed ann