| to ask you first about your response to | 3.281 | Jump to 11.599 |  |  | 
              
                
                  | from 2021's policy mistake to use your | 4.719 | Jump to 18.72 |  |  | 
              
                
                  | great you know one thing we told our | 3.519 | Jump to 33.04 |  |  | 
              
                
                  | yesterday we saw you know three things | 2.801 | Jump to 48.559 |  |  | 
              
                
                  | one you know they took some uncertainty | 4.08 | Jump to 51.36 |  |  | 
              
                
                  | said we are raising in march number two | 3.759 | Jump to 55.44 |  |  | 
              
                
                  | out back in march of 2020. great news | 4.4 | Jump to 63.039 |  |  | 
              
                
                  | there but number three we did learn some | 3.601 | Jump to 65.439 |  |  | 
              
                
                  | see what's going on number one they | 3.2 | Jump to 70.4 |  |  | 
              
                
                  | in december number two there's really so | 4.159 | Jump to 73.6 |  |  | 
              
                
                  | number three the fed you know palestine | 3.68 | Jump to 77.759 |  |  | 
              
                
                  | the two-year treasury yield markets are | 3.681 | Jump to 88.159 |  |  | 
              
                
                  | pricing in four to five hikes we're | 3.76 | Jump to 89.84 |  |  | 
              
                
                  | probably on the longer side maybe four | 4.56 | Jump to 91.84 |  |  | 
              
                
                  | maybe five hikes the key question is | 5.04 | Jump to 93.6 |  |  | 
              
                
                  | will be at 50 basis points at one time | 4.48 | Jump to 96.4 |  |  | 
              
                
                  | you know this volatility ties into one | 3.759 | Jump to 134.56 |  |  | 
              
                
                  | of our key themes for 2022. market | 4.32 | Jump to 136.16 |  |  | 
              
                
                  | very different than the last one the | 3.44 | Jump to 145.28 |  |  | 
              
                
                  | last one was long it was stretched out | 3.52 | Jump to 146.56 |  |  | 
              
                
                  | country 128 months and that environment | 4.56 | Jump to 150.08 |  |  | 
              
                
                  | correction so did the s p 500 with that | 3.92 | Jump to 179.84 |  |  | 
              
                
                  | 10 down we don't see a bear market at | 4.399 | Jump to 183.76 |  |  | 
              
                
                  | reasons why number one you can look at | 3.761 | Jump to 188.159 |  |  | 
              
                
                  | on low debt to income second of all you | 5.119 | Jump to 194.4 |  |  | 
              
                
                  | remove it third of all supply chain | 3.761 | Jump to 202.239 |  |  | 
              
                
                  | evidence of that already fourth of all | 4.239 | Jump to 206.0 |  |  | 
              
                
                  | yesterday about 37 basis points during | 5.68 | Jump to 231.04 |  |  | 
              
                
                  | most corrections this averages about 395 | 5.92 | Jump to 233.519 |  |  | 
              
                
                  | this goes into our first theme | 4.081 | Jump to 317.039 |  |  |