jonathan: marvin: marvin loh --marvin loh joins us now. a quote, this week is likely to feed fears and we think cpi risk is to the upside and rito growth to the downside could do you agree? marvin: yeah, i have been in that camp. what is interesting with some of these discussions now is not only are we acknowledging that 2021 is not evolving the way we thought it would be, but 2022 is not potentially going to be the pickup. and that has been the most interesting thing with the revisions. it is an overall decline other than a shifting of the feet. lisa: why are 10 year yields rising? marvin: it is very much an energy story at this point. you hit various fresh holds when it comes to different asset classes. with the stagflation discussion as rampant as it is, it caught the market off guard. you had such a great intro, because you touched upon all of the questions in the market right now. how long is covid shortage, challenges with hiring goes on is something the market is struggling with, because it's a lot longer than we thought at the begi

let's bring in marvin loh. t comes to the possibility of a slowdown in growth but accelerating prices, where does that rank in terms of your investment concerns? marvin: ultimately, it's not a big concern for me. i'm not in the stagflation camp. i think in this modern economy that we have, if you wind up with slowing growth, you will have adjusted. the issue we have now is a one-off because of the supply chain. those are working their way through. there is still plenty of savings on the sidelines. there's a growth profile that still looks fairly robust as we go into next year. haidi: price pressures in energy have to weigh on futures earnings. do we know when we will have better clarity and whether the market will need to adjust for that? marvin: yeah. it is market by market. energy has less of an impact on corporate earnings in the u.s.. we are not that big of a manufacturing hub the way we used to be. having said that, higher gas prices and fuel prices certainly affect the consumer from a tax perspective. you