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Tom it is a mugshot of in yield and it is very technically elegant. Dean curnutt to start is strong in the 6 00. He will talk about that. A massive correlation in currency markets. Jonathan yields of, dollar stronger . Tom dollar stronger but it is the way the dollar is stronger. Maybe the japanese are fighting to keep the yen off of 1. 50. The answer is markets are moving. Tom can this equity markets jonathan can this equity market lived with it . Equities could work in a hybrid environment. The s p 500 returned 15 every year from 1985 to 2005. When will rates were 2. 5 , can we live with these rates . Lisa this is a key question. You are saying an increasing number of analysts come out and capitulate, whether it is Morgan Stanley or goldman sachs. Yesterday, tech stocks outperformed. Where is it going to hurt . It is counterintuitive. Jonathan manufacturing is getting better, not worse. Payrolls on friday. Tom the numbers are getting better. Lisa on one hand you could say you are see

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