| and i think that some of the five to | 4.08 | Jump to 37.84 |  |  | 
              
                
                  | seven hikes this year sound like a | 4.479 | Jump to 39.76 |  |  | 
              
                
                  | when you look at the 10-year treasury | 3.121 | Jump to 44.239 |  |  | 
              
                
                  | yield on the 10-year treasury the market | 4.4 | Jump to 51.6 |  |  | 
              
                
                  | 10-year treasury and i've been saying | 3.52 | Jump to 57.76 |  |  | 
              
                
                  | between the two year and the 10 year | 4.4 | Jump to 75.84 |  |  | 
              
                
                  | back off so i think five hikes might | 4.32 | Jump to 82.24 |  |  | 
              
                
                  | even be a little much seven hikes in my | 4.481 | Jump to 84.479 |  |  | 
              
                
                  | strong gains by that you see one more | 4.961 | Jump to 98.079 |  |  | 
              
                
                  | well i think the first priority for the | 4.399 | Jump to 107.68 |  |  | 
              
                
                  | an economy that's 70 percent driven by | 4.48 | Jump to 177.36 |  |  | 
              
                
                  | on growth is an important one and it's | 2.56 | Jump to 193.84 |  |  | 
              
                
                  | happening already in 2022 is that | 4.32 | Jump to 255.36 |  |  | 
              
                
                  | also remember the 10-year treasury yield | 4.56 | Jump to 287.84 |  |  | 
              
                
                  | rose 30 basis points very quickly to | 4.24 | Jump to 290.08 |  |  | 
              
                
                  | reality the s p was trading at 22 times | 5.199 | Jump to 306.56 |  |  | 
              
                
                  | to 19 times we're still above the | 4.801 | Jump to 311.759 |  |  | 
              
                
                  | about 16 the five-year average is about | 5.44 | Jump to 316.56 |  |  | 
              
                
                  | 18. so even at 19 times we're still | 5.359 | Jump to 319.12 |  |  | 
              
                
                  | approach that first hike and remember | 4.16 | Jump to 326.96 |  |  | 
              
                
                  | the fourth quarter of 2021 expected to | 5.52 | Jump to 352.88 | 
                      
                        
                      
                        DATE
                      
                      
                        the fourth quarter of 2021
                      
                     |  | 
              
                
                  | be 20 or more growth that would be the | 4.72 | Jump to 355.68 |  |  | 
              
                
                  | fourth quarter in a row of more than 20 | 3.68 | Jump to 358.4 | 
                      
                        
                      
                        DATE
                      
                      
                        fourth quarter in a row
                      
                     |  | 
              
                
                  | used to that we're used to hearing 20 | 5.521 | Jump to 364.319 |  |  | 
              
                
                  | growth 30 growth as we start earnings in | 6.24 | Jump to 366.72 |  |  | 
              
                
                  | 2022 so when we start to get q1 2022 | 5.28 | Jump to 369.84 |  |  | 
              
                
                  | exciting than that full year 2022 | 5.199 | Jump to 375.12 |  |  | 
              
                
                  | earnings are expected to be about 10 | 4.32 | Jump to 377.68 |  |  | 
              
                
                  | 10 maybe closer to 12 to 15 but that's | 6.081 | Jump to 384.639 |  |  | 
              
                
                  | still less than what we saw in 2021 so | 4.56 | Jump to 387.6 |  |  |