is done with AI. So here is equal weight versus capweight S&P correlated to the ISM. So when we got this move higher, we were supposed to get a bounce which we did. Now if rates had stayed low, I think this trade would have continued for at least the rest of the year. But because rates in oil, and this is what sent it down first was oil. Then we got the bounce back up, but then we got the rate problem and the oil problem. It makes perfect logical sense. But those names don't matter to the economy.
Then we got the bounce back up, but then we got the rate problem and the oil problem.