street this summer is three storms followed by sunny skies or a longer-term outlook for equities robert teeter is the head of silvercrest management robert, thank you for being here with us. storms sounds ominous. how serious could they be and what will they be? >> thanks, dom i think the markets facing three storms here. i think they will pass the first is the fed we had a lot of talk from fed governors about tapering i do think they will take a very tempered and measured approach you don't need to be concerned about fed policy it will shift, but be supportive the second is inflation. it remains in the headlines. i think inflation is above the 2% target for some time. i think we are past peak inflation. that should remove that concern and that storm should pass the last is the one i think investors are focused on here which is covid we saw the michigan sentiment decline last week. we have started to see the effect on real-time economic data from the covid variant. things are starting to cool down a bit at the margin. we are coming from strength. economy is strong and we can weather that storm