| the s p 500 i guess a basic question | 4.32 | Jump to 3.84 |  |  | 
              
                
                  | 2022. | 3.361 | Jump to 9.679 |  |  | 
              
                
                  | the market's up about 30 this year you | 4.88 | Jump to 15.2 |  |  | 
              
                
                  | here the the ten-year | 3.679 | Jump to 26.0 |  |  | 
              
                
                  | basically right at one and a half | 4.56 | Jump to 28.32 |  |  | 
              
                
                  | 500 is about five percent so that spread | 5.76 | Jump to 32.88 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about five percent
                      
                     |  | 
              
                
                  | pandemic started almost two years ago | 5.16 | Jump to 38.64 | 
                      
                        
                      
                        DATE
                      
                      
                        almost two years ago
                      
                     |  | 
              
                
                  | 2022 uh it won't be 30 | 4.68 | Jump to 43.8 |  |  | 
              
                
                  | energy led the way in 2021 and it was a | 3.119 | Jump to 57.28 |  |  | 
              
                
                  | in 2020 and yet it has proven to be the | 4.88 | Jump to 64.4 |  |  | 
              
                
                  | when you look at 2022 we're already | 4.24 | Jump to 69.28 |  |  | 
              
                
                  | utilities are up about 15 on the year | 6.0 | Jump to 105.439 |  |  | 
              
                
                  | which is great but it's not 30 it's not | 5.199 | Jump to 108.24 |  |  | 
              
                
                  | point to two names that are relatively | 3.76 | Jump to 153.04 |  |  | 
              
                
                  | large positions in the fund the first | 3.681 | Jump to 154.959 |  |  | 
              
                
                  | term over 2022 there are dynamics that | 5.28 | Jump to 181.12 |  |  | 
              
                
                  | in terms of their three projected rate | 3.52 | Jump to 187.68 |  |  | 
              
                
                  | matches what we saw here in 2021 | 5.2 | Jump to 206.319 |  |  | 
              
                
                  | you know three rate hikes | 4.961 | Jump to 222.799 |  |  | 
              
                
                  | uh in 22 which is i think consensus | 5.28 | Jump to 224.48 |  |  | 
              
                
                  | a slowing of the economy in 22 | 4.161 | Jump to 244.879 |  |  | 
              
                
                  | we're gonna go from almost six percent | 3.681 | Jump to 247.519 | 
                      
                        
                      
                        PERCENT
                      
                      
                        almost six percent
                      
                     |  | 
              
                
                  | growth this year to just under four | 5.6 | Jump to 249.04 |  |  | 
              
                
                  | quibble about whether it should be one | 3.199 | Jump to 258.0 |  |  | 
              
                
                  | two or three rate heights or even more | 3.52 | Jump to 259.44 |  |  | 
              
                
                  | a little bit behind the eight ball on | 2.8 | Jump to 271.28 |  |  | 
              
                
                  | fed won't be the issue in 22. i think | 4.16 | Jump to 276.72 |  |  | 
              
                
                  | yeah we will see i mean 2022 certainly | 3.6 | Jump to 286.72 |  |  |