Zaid

And I think that's all because of liberation day.

Everyone just thought that this was all going to kind of, you know, Trump was going to back down, taco trade, whatever, you know, what, what, what, what may you.

And that's what investors learned.

Right, yeah.

Well, one of the macro risks now is what's going to happen to inflation.

We're getting the CPI report tomorrow on Friday morning.

And what is that going to do to the Fed's decision?

So let's talk about that now because we have a new Fed chair coming up.

Supposedly the confirmation is next week for Kevin Warsh.

We'll see if that ends up happening next week.

He's supposed to take over in May.

So how –

With the inflation fears, right?

Because of the higher energy prices.

I mean, the market is now pricing in very low odds of a rate cut this year.

Now with Kevin Warsh coming in, we'll see what happens there.

But how do you think the interest rate picture plays out with inflation and also Kevin Warsh coming in?

You did.

Wow.

I mean, that's a far cry from what the two, maybe three cuts that the market was expecting at the start of the year.