at the moment i'm looking at the cpsc data, when it comes to treasuries for real money and fast money asset managers, still long. at the same time, hedge funds, diverge funds, growing to the extent where the difference between these is added most extreme since 2020. if the market turns against one of these traders, let's say the fed is more dovish, we could see extreme short covering from hedge funds. this just shows that could go either way. with more analysis, gearing up for the federal reserve to do its first they fit -- 50 basis point rate hike since they are 2000, it's been 22 years since we had such a move. that would also mean it starts rapidly reducing its balance sheet. we know what we are expecting, which is a half a point, the fed move is already priced in. what if they do 75 basis point? >> i think that would be a surprise. all expectations and the guidance have been toward 50 basis hike move. 75 is on the table, i think that move would be seen as a step too far for the moment. the bigger interest today will be on the balance sheet side of things, about $8.9 trillion? , ho