unigestion.t, given what i outlined in terms of global coronavirus cases, not really a sign of a peak and what wall street banks worn in a hit to growth, is the rally we have seen so far in april that has taken the s&p 500 into full market territory going to fade? -- bull market territory going to fade? fiona: thank you for having me. first of all, i would say the correction was very strong and the rally that followed was also very strong. we still believe there is uncertainty in the markets. all sectors. remember, in 2008 it started with financial and real estate. 2001, technology. this is the first time we have a correction that is global in a synchronized way. so i think we have more uncertainty going forward, because as you say, the crisis is still not finished and we don't know when it is going to finish. it has a profound effect on the economy, and we don't know how long it will be locked down as it is now. nejra: fiona, you point out that markets were driven by liquidity risk in march. are