joining me now are james mcdonald, the investor at hercules ininvestments and brian weinstein. brian weinstein, let's talk about whether the massive bull run in bonds is over >> well, for a little while. i think we tested how far we could go in treasury yields down in those 50 basis points for a 10-year note and there's a lot of supply coming it's gotten quiet, people have gotten long. i think on the other side the fed is still out there i think the idea the 10-year notes are going to go wildly above 1% is hard to believe. so, yeah, we've probably done most of the work for now as far as low yields. we'll come back to it in a bit but there's room for yields to go a bit higher. >> james mcdonald, let's talk about what it looks like from a person who has to look at the overall market is your view somewhat changed given what you saw out of the fixed income complex over the course of this last week does it mean we're due for more volatility across asset classes going into the november elections? >> volatility is imminent. it's unavoidable if we study markets on a weekly basis, month