Welcome to the revision daily briefing. It's Thursday, March 24, 2022. I'm Ash Bennington,

joined today by Thomas Thornton, founder of hedge fund telemetry. Tom, just one moment,

let's take a look right now at what's happening in U.S. equity markets because they were strengthening

into the close on NASDAQ, which looks like the big gainer of the day, up one spot,

nine, three percent, closing out here. It looks like 14,192 S&P 500 up, almost one and a half

percent, one spot, four, four percent, 65 points, gain up, closing out the day at 4,520 Dow Jones

industrial average up, and even one percent closing out the day at 34,700 and three. Tom, so

much to talk about, it's been a minute since you and I have done one of these. Really interested

to get your big picture take on what's happening in markets right now.

Well, it's been really just an amazing year so far. We've had so many good opportunities for

the short side and on the long side and I'm just trying to navigate and I've looked at this market

at the beginning of the year and I said it's going to be a very tactical year, which what that

means is you basically are going to have to be a bit more active on the trading side and my view

and it's really holding up is that we would make a series of lower highs, lower lows and continue

and I think that we have several catalysts that have been front and center on the markets mind.

That's inflation and the Fed and what the Fed is going to do. Now we have a pretty good idea

what the Fed's going to do and we also had unfortunately Ukraine creep into the picture sadly enough.

Oh, it's not over but there are some hints today that there could be a cease-fire and honestly

just looking at the pictures of what's left in Ukraine. I don't know what more they can bomb.

It's just devastating. Yeah, it's a truly horrific humanitarian crisis happening right now and

truly a terrible thing for people who are in Ukraine. Obviously we have to look at this a bit from

the from the framework of markets. I'm curious, how do you think about when you see a geopolitical

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