at 11:00 a.m., we hear from nato secretary-general jens stoughton berg and dutch resident mark rutte.ow much is there behind even the german assertion that they are going to not move forward on nord stream 2? does it matter? is there any hard talk backing up some of the softer measures so far? the treasury apartment -- the treasury department is selling five year yields. we end where we began, the flattening yield curve. is this a signal, is this noise? you're seeing it across the entire spectrum of yield curves. the gap between five-year year end two year treasury yields has narrowed to the least going back to the end of 2020. how much does this indicate that the fed is going to make an error and hike into weakness, especially with higher oil prices? jonathan: thank you. stuart kaiser with us now, the head of equity derivative research at ubs. not all 10% corrections are created equally. the difference between one you want to buy and one you want to run away from, run us through it from your perspective. stuart: i think in this case we are being very patient, very cautious about the