which is more around megacap technology related to earnings and initial signs that great is not goodenough given valuations positioning and sentiment. this week will be a key week for that one. >> you think this was a comeuppance? the market brushed that off, the bond market got there and stocks have taken a bit. is that what this is? >> this is all about the interest rate volatility. the first quarter yields moved higher but interest rate volatilely fell to the lowest since before the fed raised rates. so it became a positive growth story and the high for longer, which is okay. but in april all of a sudden there was a shoot up in interest rate volatility and you brought back the higher for longer discussion because it became more about inflation and do we need to price in a chance we go back to actually speaking about rate hikes. and that last bit we think is over done. the bar is high here to reintroduce heights and we expect interest rates to come down from here. >> what do you think about valuation overall the market. if valuation was justified before, elevated like 20 times if not hig