Is There a Reason Why Your Model Was Sounding Alarm in January?

Our model was quite cautious flagging some risk in terms of even like them kind of like a lot of tension between us and China the trade tension. Back then it was not necessarily known that it was going to have also a positive expected alpha but it was a cheap insurance at that moment. The complementarity of these two models together with the courtesy model that we use is what was key during the period of crash last year so indeed to your point inflation used to be a bad thing now it's a good thing nobody really knows if they are happy with it or not.