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Call with me, my friend.

Mass unpack.

I would define that all over the place and obviously the headlines are all about Russia and Ukraine

and the geopolitical tensions.

Just as a broad first initial commentaries, what would you say about today, prize action?

Yeah, so the first thing I'll say is there's a complete blood back in the NASDAQ and tech stocks.

Obviously, they don't like it when geopolitical tensions are accelerating

and you're not getting the benefit of curve flattening.

I don't know long into the Treasury curve.

And this is something I had a conversation with one of our subscribers on Twitter

this weekend or last week.

And you're saying, hey, look, what would happen if they invade it?

You know, happens if you go to war, do you buy more bonds with that?

And I said, maybe, maybe not.

Because war from this perspective, if you think about the reduction in labour supply that we have

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