the whole smorgasbord of opinions there its transitory is not strange or free some of its transitory where do you stand on this debate i think the transitory nature of the ongoing conversation about it probably has a pretty short runway left i do like some of the comments that we saw out of the minneapolis fed this past weekend saying that we shouldnt anticipate an overreaction from the fed because what were really watching here is when does supply chain disruption or when do we really have supply back online and accessible and does that in and of itself correct some of the issues were seeing with inflationary pricing especially that which is being passed on to the consumer and starting to trigger some of this consumer sentiment decline in conjunction with that perhaps the resurgence of the fiscal fiscally conservative consumer and those are the thats when we start to worry about the prospect of continued growth into 2020 to in terms of investment decisions though a lot of younger investors probably never seen inflation before whats the pressure to get the coals on this ride and how do you hedge yeah i dont know if the hedge here is by continuing to watch the broad opening of this market i think one of the things thats one of one of the things thats going well for the individual investor especially that younger investor today who is looking at valuations of the market first i want to call out that when we talk about the market i think we we miss often the fact that when were quoting the s  p 500 as the market today were really talking about these top six cap weighted companies what were watching now is this research resurgence or broadening of the market as a whole and then second to that as we continue in this negative rate environment inflations hot interest rates remain low were gonna continue to see the necessity to invest in the equity markets for any type of yield or really that upside potential and in conjunction with the liquidity we still have in terms of corporate buybacks liquidity and their propensity to continue there this market does look primed for the investor to get invested and stay invested ahead of me and to 2020 to the markets nicole does not include small caps because of course if we continue to have price pressures that would really affect their margins yes absolutely we actually are were bullish again on really heading back into that cyclical trade posts some of the delta variant pullback we saw we think that the markets are primed there for along with some of the fiscal stimulus were going to get from the infrastructure spending in the near term so no small caps are not really where we see the best opportunity we think theyre going to continue to have a lot more struggle in terms of a rising rate environment access to lending and then a less sturdy consumer base that they can pass on some of this inflationary pricing to were expecting a house vote on the two trillion dollar economic package vice president biden how long would that take to filter through to the economy and the markets yeah you know just this week we actually saw that some of the materials had a pullback or a contraction in pricing companies like us steel i think there is in investment opportunities there some of these sectors that havent seen that same run up where were starting to look at the future demand and pricing and again when some of these supply chain issues correct themselves so i actually think there will be an immediate impact in that it will play well into the materials and industrial trades that perhaps we havent been touching over the last couple of quarters or have been lost in the conversations around technology healthcare just growth in general