i'm going to steal michael metcalf's line. the equity market took its rose tinted sunglasses off yesterday and reconsidered what happened at the short end of the yield curve. it was a drive-by and a spike. good morning. dani: good morning to you, man us. it was a market reacting to u.s. data stronger than many folks expected, but i take you to the yield curve. its most inverted since 1981. this is just the wagging effect, but there is still a recession on its way according to an analyst. manus: it is just a question of how brutal that recession might be. another story is that a soft landing is on the way. it depends whose story want to buy. dani: in that survey, they point out that folks are buying lots of cyclical shares. yesterday, it was the most cyclical shares that got hit the most. you are seeing some steadiness when it comes to u.s. equity futures. just that bit of consolidation after a brutal session, a drop of over 2% for the russell 2000, about 2% for the s&p 500, so those are hanging steady. futures are down .25%. i