| one of the things that that speaking to | 4.56 | Jump to 17.44 |  |  | 
              
                
                  | russell 2000 made a high in march it | 4.801 | Jump to 29.519 |  |  | 
              
                
                  | under 50 of the stocks | 4.16 | Jump to 52.559 |  |  | 
              
                
                  | uh there are under their 200 or over | 4.719 | Jump to 54.64 |  |  | 
              
                
                  | their 200-day moving average um and even | 5.201 | Jump to 56.719 |  |  | 
              
                
                  | 50-day moving average so it's really | 3.919 | Jump to 63.52 |  |  | 
              
                
                  | items going into 2022 we have a fed that | 5.12 | Jump to 75.84 |  |  | 
              
                
                  | um and it and it's already at the zero | 4.56 | Jump to 83.52 |  |  | 
              
                
                  | important is if we harken back to 2018 | 5.12 | Jump to 88.08 |  |  | 
              
                
                  | little bit fed was able to cut from 250 | 5.92 | Jump to 94.72 |  |  | 
              
                
                  | to 175 and that's sort of it cured the | 5.44 | Jump to 97.6 |  |  | 
              
                
                  | get asset prices to rally after a 20 | 4.801 | Jump to 106.079 |  |  | 
              
                
                  | drawdown late late 18. it doesn't have | 4.721 | Jump to 108.159 |  |  | 
              
                
                  | rates are really hugging the zero bound | 3.68 | Jump to 112.88 |  |  | 
              
                
                  | um in the spectacular five-day run that | 4.399 | Jump to 149.84 |  |  | 
              
                
                  | year now it looks like up 27 and a half | 5.44 | Jump to 179.92 |  |  | 
              
                
                  | percent on the s p 500. | 5.36 | Jump to 182.0 |  |  | 
              
                
                  | margin pressure as we go into 2022 | 4.8 | Jump to 206.56 |  |  | 
              
                
                  | uh the first half of the year and when | 5.36 | Jump to 224.879 | 
                      
                        
                      
                        DATE
                      
                      
                        the first half of the year
                      
                     |  | 
              
                
                  | anticipated usually one to two quarters | 4.08 | Jump to 234.64 |  |  | 
              
                
                  | 2022. so if there was a surprise for me | 5.2 | Jump to 240.56 |  |  |