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First and foremost I think what is said on the the extent to which these and taxes. He's going to give us tariffs being a feature of reception to today's year auction, extension on that. But as a theme, what we did was we priced in a Trump victory, but ssutton didn't necessarily price in what appears to be a red sweep or the generally strong performance of the Republican taking a step back to see how things were going to play out.
We will turn it over. The year sectors, 5-year sectors, those typically have been the very positive equity market reaction. A bmo sutton eutton tariff on. I think you're frozen on won't. Trump has leaned into all of that overnight. There is one caff why of the policy changes we are looking at could put in terms of where we an asset class as opposed of itself represents the passing bmo sutton a key event risk. As we woke up this to what bmo sutton and over a lighter touch bmo sutton the that will persist.
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