The Fed Announces CPI Data for 2022

The markets are discounting mechanisms so they could be providing an accommodative environment but you're starting to see distribution days. If we're below the 50 day below the 200 day on the S&P on the NASDAQ that's going to mean a little bit of a red light to get defensive. The second point is how you deal with it as I asked is either you just have higher cash or lighter positions to keep you from getting chopped up and getting stopped out of things. It's basically you're taking the same hit to your portfolio in that case you're getting a lot of hit in the bear market.