Mike Wilson

Well, I mean, I think the consensus right now is low double digits, and we think that's very achievable.

We'll leave it at that.

We're actually working on our year ahead piece that will come out at the end of next week.

Well, I don't think the market's necessarily in trouble if they don't exceed expectations.

But I do think the broadening story requires the Fed to get ahead of the curve, as I'd like to say.

And I measure...

kind of the Fed in market terms, are they ahead or behind the curve

by looking at the two-year Treasury yield.

So right now, the Fed funds is still about 40, 50 basis points above the two-year Treasury yield.

And I would like to see the Fed get below that level.

And then you'll see that broadening out.

But, you know, the economy is not in bad shape at this point.

I think the worst of the economy, you know, sort of slowdown is behind us.

And that was, you know, we priced all that in April.

We've written about this.

That was the end of this rolling trend.

recession and we're into a new bull market now so so but i mean you know i mean markets like to challenge uh authorities uh you know monetary policy etc and you know they're not happy they'll they'll make the they'll make that they'll make them know uh and and then and then they'll get what they want you know but right now it seems like we've got a decent balancing act that's going on