Now, the nasdaq slipping, posting the worst two days in months. Adding to that, tech regulation is tightening across the globe from china to the eu and here in the united states. Just today, we learned that amazon faces an antitrust complaint in europe. Big tech faces a new administration in the united states. This time around, joe biden seems to have a different attitude to the last time he was in the white house. The rotation, we are seeing that from the center of the market. Joe if you look at one of the hottest areas with tech, it is some of those Cloud Computing names, very rate sensitive because so much of their earnings are backloaded. Up until now, one of the hottest etfs all year, down over the last three days. Really, over the last two days, with the vaccine, with the rates moving up, people not willing to pay as much. Caroline the s p 500 index valuations are phenomenal. 21. 9 times future earnings. Maybe with yields taking a little bit higher, only 1 . But, nevertheless, ma