call me an old fashioned skeptic but by the end of this week you’re going to know more about the cutting probability from the head fed and the prevarication of the bank of England in the Bank of Japan that’s what you’re going to get some of the big beasts of G10 are going to define the trajectory and the narrative going forward but still look we are in bang on optimism the question in my mind as far as Equity markets is concerned it’s so much consensus now 667,000 on the upside is is that capitulation or is that confidence about a sequence of events on growth rates uh and nonl Lasting aggressive tariffs consensus or capitulation anyway I want to show you a quiet a very quiet tantrum this is the bond market this is 10e government bonds over the past six days and I love that title from Barons which is the bond market is having a tantrum we are up 80 basis points from the low in September at 3.6% that is the reason why the FED probably needs to cut and keep cutting