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Joining us now, I'm pleased to say. Joining us through the quarter as well to really keeps us up to speed on what's been happening with volatility is Dean Kernet, macro risk

advisors, founder and CEO joins us now.

Dean, what a quarter it's been for Vol.

We have the technical Vol shock of a month ago,

and we still seem to be trying to clear that shock of a month ago. Why Dean?

Yeah, I think that's a great way to frame it is that this inverse Vicks meltdown that occurred

right at the beginning of February has come and gone. That trade is de leveraged and so you've still got

tremendous amount of volatility in equity markets specifically and it's just so much different than 2017 so it's telling you that there's just a lot of tension.

I would frame it as follows.

You talked about bond yields just before. So you've got bond prices rallying as stock prices are now

...