Earlier today, less than five points from the s p 500 taking on a new high. Not quite making a mark at the close. It is worth noting, the brutal shownbeneath the s p 500. Y that 200 Day Moving Average if the s p 500 cap climbed higher, we could see more choppy now,ng, but 20 up right on pays for the best year since 2013. For me, it is about the bond market. The 10 year and thirtyyear year yields rising five basis points, meaning that twos and yield curve is steeping, a five or six level. Today we are getting that classic risk on fuel with yields rising, steepening that curve. The trend has been different if we look at a weekly view. Come into my terminal here on tlt, longduration third this on news the Largest Bond Fund flows, the highest level going back to since april, so tot now has a record amount of shares outstanding, highlighting in the past week or so, huge demand for highgrade bonds. It feels like people have been predicting the next recession basically since the last recessio