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Strategists. Can they, Mike? Hi John, thanks for having me on. They can and they probably will as long as those Fed Funds

futures are still pricing in greater than a 50% probability of a rate hike on

Wednesday and the last I saw in the Bloomberg Terminal was

about a two-thirds probability in favor of hiking but I think what's more

important is the language in the directive on a go forward basis. So I think what financial markets are probably

looking for is what some are calling a dovish hike, meaning if they do raise rates an additional 25

basis points, really to move to a totally

neutral directive on the language. We sort of skip the decision and get straight to

the summary of economic projections as is typical with these meetings Mike and we look at the

dispersion and the dots where the Federal Reserve officials think rates

will be in 2019 there's a huge spread they're all over the place do we expect them to

coalesce on a lower rate compared to

where the median dot is right now? I would certainly be shocked if the dot plot

...