let's bring in bridgewater co-chief investment officer for sustainability, karen karniol tambour.er today moving tech higher tesla and amazon and microsoft and inslinvidia as i recall, you guys weren't huge fans of tech. has anything changed now that valuations have corrected? >> i think that we are just much more macro investors that look broadly at what's happening in the economy. we're much less likely to make sector trades. and broadly speaking, our biggest kind of perspective on the economy hasn't changed, which is that you have demand radically outstripping supply everywhere and every sector in every situation that inflationary problem that was brewing and brewing is now vastly exacerbated by russia's invasion of ukraine. and that means that inflation protection is extremely important for investors. when we look at the stock market, we see the stock market telling us that the fed is really not planning on tightening all that much, that the economy is going to stay fine and yet inflation won't get out of control, and that seems pretty unlikely to us. it seems much more likely