>> i think the chinese proxies will remain under pressure. , wecially in the context are not seeing athis collation. with the latest headlines, it does seem a safe likelihood of escalation. chinalicy response from will likely be to let the currency depreciate. that will mean that the proxies will also suffer from that slight depreciation to keep their trade attractive. long chinaputting on proxies. we are looking at opportunities. in trade wars, everyone loses but there are relative winners and losers. you have seen companies starting to announce shifting manufacturing out of the u.s. into asia. just to avoid the tariffs. we are watching closely to see how those stories develop and a market like thailand looks like a potential winner in this trade war but it is how you find that long trade. >> that is true. getting in and getting out of the trade without making too many ways. -- can you walk me through the times you have been active this week, have difficult has it been to execute the trade? >> this week has been better than two weeks ago. wentall of our correlation to one in mid augus