mike gapen of barclays.t a pay rise which means they will work up until christmas and mike gapen is going to go home. isn't that how it works? lisa: i love that. "i'm a u.s. economist." we will call you if the bank of england hikes rates. jonathan: negative about half of 1% on the s&p 500. we are down about 150 on the nasdaq. -9/10 of 1% and we give up some of the move on 10 year yields. now up barely one on a 10 year. lisa: to me the idea that stocks might be more vulnerable to high inflation rates is interesting. perhaps bonds were already priced in, and stocks have not really gotten on the same page. it is something you and i have been talking about with respect to why stocks have not responded more to the movement over the past couple of weeks. jonathan: you and i have clearly spent too much time together. i got this message moments ago, my computers went crazy, fusion done. that is terrifying. lisa: absolutely terrifying. here is the question. jonathan: just the important part of this. the s&p 500 futur