on the desk, mike khouw, carter worth and brian stetland the markets with a much better than expected employment data. the nasdaq leading the way notching its sixth straight winning week it wasn't just the megacaps this week the russell 2000 logged the best day of the year closing above the 200 day moving average for the first time since march, but an internal indicator we'll talk more about in a moment, the vix, hitting its lowest level since july of 2021 carter, you were taking a look at this market through the lens of weightings. explain. >> right so we have with the ongoing strength of the largest cap names versus the average stock, we have a spread now that it was only seeing basically during the financial crisis and at the covid low. so the way to think of it is this, either the high flyers, the market in general is going to sink and the high flyers are going to sink more or the market keeps advancing, in which case the laggards start to play catchup. but the reading would he have now seen only during the financial crisis and at the covid low, either we're that bad, i don't thin