lisa shalett is with morgan stanley wealth management. she hinges everything on having a plan and then heaven per bid -- heaven forbid, staying with the plan in times of stress. what is the plan, and how do you have the courage to stay with it now? lisa s: i actually think, as radical as the last week has been and volatile as the last week has been, there's an element of it that is somewhat predictable. what i mean by that is that the market has finally gotten to the point where it has digested the level and degree to which the fed is going to be hawkish, but they had not yet really fast forwarded that to what are the probabilities that the fed can really execute a soft landing. so we know from history in the post-world war ii period, the fed has tightened roughly 14 times. 11 of those episodes have resulted in a recession, and only three times have we pulled off a soft landing. this is a fed, and jerome powell admitted this, that is operating against a backdrop where there is an extraordinary degree of difficulty. not only is the macro e

jonathan: lisa shalett of morgan stanley, looking forward to catching up in about five minutes' time.dent of the united states speaking at 11:30 eastern time. ♪ so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now, there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. >> we have a perfect storm of weakening global growth. >> don't panic as you see this sea of red. >> i don't think this is time you can go hand over fist in the bond market. >> we have not yet been convinced that we are going to see outright recession. >> markets have been may be too aggressive in the short-term and not thinking too much about what happens next year as well. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abra