| talked about it just two days ago that | 4.639 | Jump to 24.4 |  |  | 
              
                
                  | i think about 35 million option | 4.081 | Jump to 31.519 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about 35 million
                      
                     |  | 
              
                
                  | but right back up there to 42 43 000 | 6.08 | Jump to 45.28 |  |  | 
              
                
                  | both volume and volatility those are two | 3.76 | Jump to 68.96 |  |  | 
              
                
                  | velocity's the third very fast | 5.68 | Jump to 72.72 |  |  | 
              
                
                  | in the 16 range to 23 on the sell-off | 7.759 | Jump to 78.4 |  |  | 
              
                
                  | and then back down to 17 and now uh you | 5.12 | Jump to 82.56 |  |  | 
              
                
                  | today but not back towards that 23 level | 5.52 | Jump to 87.68 |  |  | 
              
                
                  | two third the march 213 puts | 5.761 | Jump to 94.799 |  |  | 
              
                
                  | of those i i think like 25 000 of those | 6.64 | Jump to 102.88 |  |  | 
              
                
                  | 2021 | 3.56 | Jump to 127.8 |  |  | 
              
                
                  | a 20 plus percent gain isn't there this | 4.32 | Jump to 143.68 |  |  | 
              
                
                  | year more likely eight percent earnings | 4.32 | Jump to 145.84 |  |  | 
              
                
                  | growth maybe one percent in dividends so | 4.08 | Jump to 148.0 |  |  | 
              
                
                  | you're looking at a nine percent year | 4.64 | Jump to 150.16 |  |  | 
              
                
                  | seven percent inflation print | 3.601 | Jump to 156.879 |  |  | 
              
                
                  | beat inflation seven percent that's a | 4.8 | Jump to 208.48 |  |  | 
              
                
                  | with seven percent inflation let's call | 3.681 | Jump to 289.759 |  |  | 
              
                
                  | that ticker five and a half to seven | 3.76 | Jump to 291.84 | 
                      
                        
                      
                        DATE
                      
                      
                        five and a half to seven
                      
                     |  | 
              
                
                  | is being taxed at five to seven percent | 5.12 | Jump to 295.6 | 
                      
                        
                      
                        PERCENT
                      
                      
                        five to seven percent
                      
                     |  | 
              
                
                  | you know you're not the only one i mean | 4.32 | Jump to 325.68 |  |  | 
              
                
                  | europe stocks since june of 2021 a | 6.479 | Jump to 338.72 |  |  | 
              
                
                  | couple billion dollars largest inflow | 7.36 | Jump to 342.08 | 
                      
                        
                      
                        MONEY
                      
                      
                        couple billion dollars
                      
                     |  | 
              
                
                  | to emerging markets since march of 21 | 5.921 | Jump to 345.199 |  |  | 
              
                
                  | almost seven billion dollars mean it | 3.44 | Jump to 349.44 | 
                      
                        
                      
                        MONEY
                      
                      
                        almost seven billion dollars
                      
                     |  | 
              
                
                  | policy but he's sticking with 5 300 | 4.4 | Jump to 383.68 |  |  | 
              
                
                  | our theme for 2022 is prepare for the | 4.4 | Jump to 416.96 |  |  | 
              
                
                  | second derivative second derivative in | 3.92 | Jump to 419.44 |  |  | 
              
                
                  | inflation so we still think that 5300 is | 5.441 | Jump to 425.919 |  |  | 
              
                
                  | it's it's been a good one but what do | 3.68 | Jump to 446.88 |  |  | 
              
                
                  | rates i mean the 10 years at 174 today | 4.16 | Jump to 453.039 |  |  | 
              
                
                  | consensus is somewhere around three rate | 3.84 | Jump to 472.96 |  |  | 
              
                
                  | could be four um i would argue that | 3.2 | Jump to 476.8 |  |  | 
              
                
                  | whether it's three or four that really | 3.68 | Jump to 478.72 |  |  | 
              
                
                  | know three or four subsequent rate hikes | 4.0 | Jump to 482.4 |  |  | 
              
                
                  | second half of the year | 4.0 | Jump to 492.639 |  |  | 
              
                
                  | we're nowhere near seven percent uh on | 4.0 | Jump to 494.319 |  |  | 
              
                
                  | the cpi in the second half of the year | 4.24 | Jump to 496.639 | 
                      
                        
                      
                        DATE
                      
                      
                        the second half of the year
                      
                     |  | 
              
                
                  | need to understand is that that second | 4.56 | Jump to 563.92 |  |  | 
              
                
                  | that one | 2.399 | Jump to 594.56 |  |  | 
              
                
                  | continuing through the next three or | 4.96 | Jump to 647.36 |  |  | 
              
                
                  | four years | 3.041 | Jump to 649.279 |  |  |