karen lynch and david on the fed. markets near session highs the fed just raised rates by 50 basis points it was a double. they announced plans to start trimming their balance sheet but, mike, i guess it could have been worse and more hawkish because the market was very relieved to hear that the fed is not considering 75 basis points, which would be a triple hike and fed chair powell really laid out a pretty clear road map that was already there. what do you make of the reaction >> exactly we were somewhat spring loaded the market we've been talking about was beared up and investors going around collecting new things to worry about and that included the possibility the fed was going to be even more full steam ahead, wanting to keep that 75 basis point potential for a hike out there. and essentially being interested in breaking things as opposed to just trying to get back to normal given the position we started in, it seems as if we triggered that same reaction we had the past two fed meetings, went into all of them at