So those inflows, they're part of this broader point that I want to make and that is that the tech trade is very suddenly right back on and a lot of the folks that I'm talking to are taken aback by it. Someone this morning called it a bizarre trade because of the speed at which it is happening and

remember this is happening just days after the near after the implosion not

near implosion the implosion of Silicon Valley Bank tech's biggest bank so

what's happening here are a few things.

We've been looking at yields.

Look at the 10-year yield versus, say, the NASDAQ 100.

You can see that it has this very distinct inverse relationship

because just like higher yields put growth prospects

further out those earnings further out in the future, plunging yields are

making the case for growthier stocks, many of which are in the ARC fund.

The ARC fund, let's get to that because it's on nearly $400 million in inflows on Friday

and I believe that's nearly a record since last April.

Of course, that was only a few months, April 2021, a few months before the ARC EDF

hit those all-time highs.

And it's up just this week, more than 4.5%.

So it has really been a big part of this tech trade coming

back online big tech as well this is talked a little bit about this yesterday

guys this flight to safety and these well-capitalized companies that have

fortress-like balance sheets at the expense of some of those

Riskier smaller names and there we get back into the bizarre world guys because everything is working right now in

tech

That's what I was going to ask you, dear,

...