dan egan of betterment joins us, and bloomberg's sarah ponczek.ric showed us how corporate are taking in more flows than treasuries. when you think about saudi aramco selling $12 billion of bonds and now able to borrow at a cheaper rate than the actual government. what do you see when it comes to the asset risk? dan: do you guys remember christmas of 2018? not a good time. scarlet: it is ingrained in our minds. dan: when people feel like there is some end to something and the beginning of a new thing, they can start over again. i do want to say this is rational exuberance, but 2018 ended on a very scary note. there is a little bit of relief that did not continue to much into 2019. people are comfortable coming back out. scarlet: we get your opinion on this because you are an expert in investor behavior. we are back to the days of what seems like 2018. there was rarely a rush to short duration but that seems to have reversed itself. sarah: we are seeing almost a complete unwinding. we are seeing money going into longer duration funds and out of sho