rebecca felton joins us just ahead.on't miss our exclusive interview with new zealand's finance minister, grant robertson, as they signal more big hikes ahead. he joins us at 10:30 a.m. hong kong time, 3:30 p.m. in wellington. ♪ >> as head officials make it crystal clear they will not have but until inflation comes down, the next guest says she is staying underweight equities and overweight cash. we have the senior market strategist at senior investment group, rebecca felton. do you feel a little bit like saying, haha, i told you so? the markets rally because -- rally because they thought the fed would pave and now they've got a ways to go. >> thank you for having me. no, there is no joy in this pyramid is very painful for all of us. we don't expect the fed to pivot . of course as we've heard fed president bostic speak today, the tone there was still very firm. we believe it's going to be a while before we hear more positive news coming out of the fed. >> when is the point to start buying stocks again? do you have to wa