The Market's Over Reacting to the Inflation Report

David cally coens jus now to talk about this, the chief glob o strategist of j p morgan. As a management david, we've given everyone the opportunity to respond to the data. Now you'll respons to it. It's it's a little warmer than expected but i'm not going to call one tenth of a percent of an increase in prices a hot inflation report. What's happening is it's cooling. There're just a few hot spots tere. But the cooling trend is there. I think market's over reacting to this. You're going to see a break through of the total return aggregates of bloomburg price lower. We have never seen this