with what is working, with what has brought us to these record highs or is it time to go to the underlove, the value names as opposed to the growth names >> there's tactical trades and they've been back and forth between tech and industrials steve talked about the transport bounce very important, today's payroll number ma small cap got a boost. a big move in the dollar all those trades were oversold and i, we had fantastic earnings from airlines, ups was very, very strong and had not a great look, so transports should be bouncing when they get extreme, got close to being extreme the flows into treasuries and to bonds which meant that was a defensive. so as much as markets are at all time high, it was a defensive when we talked about how boeing was a big part of that back to your question. sorry i took so long to give you an answer. i think transports rally reflation rallies and yields have a room to move higher everybody you talk to talks about the fact the market just keeps grinding higher. i look at the qs, do they'll come off a little bit. that's been the winning rade so express a view