mark dowding is with bluebay asset management, their chief investment officer. rk, i need a thoughtful discussion after the craziness of washington. have you adapted your allocation from your original view of 21 he won? mark: to be honest with you, not very much. we came into this year thinking that in the first part of the year we would witness a market backdrop where markets would be supported by ongoing policy accommodation on the one hand, and the hope that things get better later in the year on the other hand. that is a powerful combination which is pretty constructive for risk assets, and we think it can actually be quite supportive over the course of the next couple of months. for ourselves, what we are much more concerned about is later in the year, if you do see more reflation trade which lists yield more substantially. could it be a situation where at that juncture in time, we have spoken about the k shipped trajectory in 2020 am aware wall street does very well -- k shaped trajectory in 2020. is that going to be the moment when financial markets find i