The a Plus Was Deserved

I was clearly saying a year ago that we would not end up having the Fed be the biggest driver of capital market returns on the year. And in fact, it did end up being far more influential much to my chagrin than I would have predicted. No major legislation really got done all year and gridlock stays as the primary story. Number seven was that housing would slow down in 22 and then see prices roll over into 23. That I think was a well deserved A plus. The notion that it would be values year, I definitely earned that A plus value was practically flat on the year; growth was down 25%. It's just unbelievable that the tenure bond yield started at about 1