joining us now to discuss is paul schatz, he's president of heritage capital. good to have you with us. >> thanks for having me. >> a lot of the investment folks we've been talking to say now that the fed has signalled it may dial back on stimulus, the focus is going to shift more and more to business fundamentals. what companies are able to grow profits and revenues and which are not. do you agree with that? >> the answer is yes, i think it's a short term focus, tyler. first of all, there's really a vacuum of news right now, earnings are going to start next week. we're going to be focused on them until we're not. that's probably only a couple weeks at best. >> what can we expect out of this earnings season. what will ceo's be telling us about their earnings and revenues? >> i think it's really more of the same. people are craving for top line growth. they're not getting it, they're making the numbers on the bottom line, the top line growth is not there. i think that has somewhat of a longer drag on the market. i think it remains a long term drag. equities are

joining us, paul schatz, president of heritage capital. economist at wells fargo. 2.44. that feels good, doesn't it? >> it certainly does. whenever you get below 250, it feels like perhaps maybe things are stabilizing here. and certainly don't expect this to go back to 2% anytime soon, unless the economy stalls out. if we remain in this 2.25, 2.50 trading range, that feels pretty good. >> does it say anything about friday's number, though? >> there is a lot of uncertainty in the world right now. the expectation for friday is, you know, somewhere around 160,000, that's okay. not real, real decent. ironically if we get a really strong prescriint, bond yields on that. >> we are globally interconnected now. there is problems everywhere else. that gives the fed cover too. it strengthens the dollar. that helps with our -- there is a flight to our bonds, our notes. >> yeah. certainly as long as there is uncertainty in the world, that keeps the fed, i guess, wanting to stay where they are right now. one thing they mentioned in the minutes of the l