let's talk to alexander dryden. it sounds nice, doesn't it? ep away from the crowd, that is how you stand out in markets. alexander: it is easier said than done. person to brave step away from the crowd. you have to have a sage-like quality to be able to get into es, markets, ride the bubbl and be the first one out the door when things go wrong. i can't say a process having any sage-like qualities. anna: we will test you on those and replay this tape. yearve really, then in ten rates in the u.s. go along with that next year or do you see yields in the u.s. going higher? alexander: you have to look at how quickly rates will hike. we have to start going down this military divergence policy path. we have to look at how quickly divergence will take place in 2016. markets are expecting two rate hikes next year. that will be one of the poorest slowest interest rate hikes in history. in the first year of an interest rate hike, usually the fed funds rate moves up by 2%. even the fed funds is saying four rate hikes. i will be surprised if we only get tw

anna: alexander dryden, thank you.alks a dubious election -- a dubious election victory in spain. ♪ anna: welcome back. you're watching on the move. it is still dark at 7:42 in the morning. up a littletures bit at the start of trading day. it seems quite punchy when you consider's that's when you consider the session in asia. that news around china helping some optimism. commodityly the related businesses in london. let's get to the morning must read it no mr. tsipras spain did not reject austerity. for bloomberg's view, mark champion rights alexis tsipras was one of the few people claims to understand what happened. -- 80 was -- it was a defeat for austerity. wet is at stake here if analyze was going on, alexis tsipras saying that the spanish people has rejected austerity. no, not really. it was not really that simple. what are your thoughts? alexander: it was a kickback by spanish voters. wears -- whether spain is the fastest-growing economy in the eurozone at the moment. you do become slightly disenfranchised with t