hillary kramer. hillary, it's always great to have you with us. let me ask you about tech and stretched valuations because the g. tv chart on the bloomberg showing that the 20-day correlation between yields and tech were hugely negative. just the last few months but turned less negatively correlated and right now positive. so if you have tech selling off on a day when you have treasury yields spiking, how much is it really to do with those stretched valuations and what else could be plaguing this sector? hillary: it can always be one specific company because the big one, the apples, the microsofts, and facebook have such a big impact. in this case, it's really amazon. amazon is the pinnacle and a number of reasons and pressures on amazon which are making it go down. namely of course we have the jammed up transportation system. but we also have new leadership there and competition that is intent on making their way in. so that's what i see in tech. but we're also seeing a rotation. and a lot of the rotation, there's plenty of liquidity in the marke