look better and investors should invest good to have you with us what was your continuation of that trend   with think evaluations look more favorable for countries abroad specifically the favor europe the demand for gas we believe that will be a boost we think the reopening for china is favorable as that continues china is a good focus the strong jobs market the price of oil and the surprised by opec we expect to have a cap on future market appreciation in the shortterm so we think evaluations for european and chinese markets be more favorable shery lets focus on emerging markets we have seen expectations flowing about india can they compete better   its the reopening story as those markets continue to improve they will favor even over an economy like indias we will encourage investors to look there these are risky markets and we want to make sure clients that have the appetite to invest they will do so with eyes wide open paul in the us you note the s  p is range bound what is the catalyst for equities to break higher is it up to the fed   it is inflation is a beast and it is proving difficult to bring it to levels that feel normalized the idea of a soft landing versus a hard landing is everything when you look at range bound numbers we could see the equity markets being higher but if we end up with a hard landing its a very different story its all eyes on the fed and i think jobs number on friday is going to help the work they have to do continues to be very difficult paul what do you make of the surprise move from opecplus we heard from present fight and say it will not be as bad as you think without have an impact on inflation   has to the fed is trying to news interest rates as a tool we believe the fed will have to raise rates again in may it was uncertain whether we would get a pause in june the production will be a real issue for the fed if you get a strong jobs report on friday it makes it more difficult for the fed to wrangle inflation and bring it down to the levels they are looking for shery trading sideways in the us has seen a rally is narrowly focused with a lot of investors being forced  where are we headed   the opportunity still exists one should look at staples you look at companies with high dividends free cash flow and some control over operating margins staples is one i would take a look at auto automation the fact we will see some increased spending from defense is another reason one should look as into  at industrials its the underdog for the last six months utilities are a place that investors have not invested in or under invested in they are resilient defensive if the economy does slow down this year or next year as we start to see inflationary pressures on earnings utilities should do well there is still about 1 trillion of excess savings that consumers since the pandemic and that is a buffer