we have what looks like a pretty good battle royale going on within the fed where michelle bowman is against the capital suggestions, the cra requirements, that additional countercyclical buffer they want to put on the big banks, but barr is all in on it, so in that environment where we had this capital overhang, bank equities unattractive, but the credit part of the structure would look much more attractive. they should perform pretty well, particularly in an environment where you will last them to have even less leverage in credit risk -- and credit risk. we are pushing that out to the nonbank sector if these proposals go through but that notwithstanding the bank part of the structure should be pretty good. we are talking about credit specifically. i like the mortgage market quite a bit as well. if the curve does not do some bird, if the fed cuts enough, most of the buyers for mortgages are leveraged one way or another. that could improve demand there, tighten those spreads, so mortgages over credit is one of my favorite macro trades. sonali: to the extent you are willing to take o

. >> some of the committee members -- i'm thinking of michelle bowman, for instance, fed governor --ill point to the fact that the economy is still strong. unemployment is still low, and inflation is still above target. what are we expecting this week? we're expecting core to still rise. we're looking at a -- it should be zero percent on the headline, month to month, but core could use 0.2%, and last time it was at 4%, which is double where the fed needs it to be, so the fed is in no place to say, okay, mission accomplished, looking ahead to cuts. the market is sort of there. and so, the question will be, is the market too excited in pricing it in too early when it comes to may and whether that will knock things around a little bit in terms of the good vibes we have had in the market? >> we got a lot of m&a news to hit this morning. but some of it actually is about deals that are not going to happen. in fact, that's where we will start this morning. you can see the impact it's having on shares of cigna. why? well, cigna's essentially told us they're not going to pursue humana. they d