| start to lap uh some of those four | 4.959 | Jump to 43.44 |  |  | 
              
                
                  | you have kathy wood on one side who says | 3.76 | Jump to 69.6 |  |  | 
              
                
                  | well first on the fed i think our view | 3.521 | Jump to 112.159 |  |  | 
              
                
                  | 50-week moving average you're right on | 5.681 | Jump to 140.319 |  |  | 
              
                
                  | the number on the s p 500 around 43.50 | 5.92 | Jump to 142.48 |  |  | 
              
                
                  | minor down 20 off the top but again the | 5.44 | Jump to 148.4 |  |  | 
              
                
                  | at the tail end of an overdue 10 12 | 5.119 | Jump to 160.48 |  |  | 
              
                
                  | there's one important precept that | 4.161 | Jump to 190.319 |  |  | 
              
                
                  | s p 500 that 50 week moving average has | 5.2 | Jump to 200.48 |  |  | 
              
                
                  | 2020 that's almost two years we've seen | 4.88 | Jump to 205.68 |  |  | 
              
                
                  | would be your first sign that something | 4.24 | Jump to 217.84 |  |  | 
              
                
                  | reason for optimism i would make one | 3.52 | Jump to 235.439 |  |  | 
              
                
                  | what 10 11 12 times in history andrew | 4.399 | Jump to 241.92 |  |  | 
              
                
                  | it occurred 2000 2001 2002 2008 in | 7.681 | Jump to 246.319 |  |  | 
              
                
                  | there's two competing narratives here | 3.12 | Jump to 259.68 |  |  | 
              
                
                  | mouth one is a trading narrative a | 3.92 | Jump to 262.8 |  |  | 
              
                
                  | and one that may just have taken on too | 4.56 | Jump to 268.4 |  |  | 
              
                
                  | continue this set it and forget it one | 5.76 | Jump to 272.96 |  |  |