chris weston will join us from pepper stone group head of research. this is bloomberg. >> u.s.utures, a long weekend. we are seeing futures a little bit lower, jp morgan saying they have gotten confident there is complacency in sentiment with the vix near record lows. you see the reopening can only grow u.s. equities. sydney is looking muted, going into that rba decision. but mortgage rates should be unchanged until the final meaning. the third straight meeting where they leave the policy untouched, they leave it at 4.1 percent. an 11 year high. we are looking for communication of bullet will be more biased towards inflation. it is trending of the right direction. kiwi stocks, optimism there. they are up 0.05%. in chicago futures, .43%. while they see exhaustion and buyers, chris weston is head of research, it's great to have you and happy rba d. where do you see the focus of opportunity. valuations are just so stretched across so many markets. chris: valuations are distraught initial points but positioning is more important. momentum favors the bold and there is more buying an