I would add that I haven't seen a strong bull case emerge on how we navigate the increased fed rate. My suspicion is most institutional investors and the fed i

I would add that I haven't seen a strong bull case emerge on how we navigate the increased fed rate. My suspicion is most institutional investors and the fed is probably pretty happy with some of the hot air going out of the market as long as they can tame inflation. I think there is real fear at the fed that inflation is moving much faster than they thought and they haven't contained it yet. If it goes up higher than they expect after the big rate jump the market is going to step down again on an asset price basis - and we will move faster into a recession.