The ESG Crowd Will Go Crazy if Energy Continues a Good Run

Last year, NASDAQ down 34%, FANG down 50%, ENERGY up 50%. That little party that the ESG crowd had when big tech was going up and energy was kind of having an adjustment is over. The free ride of virtue signaling is no longer paying. Couldn't happen to an EISER group. All those left-wing woasters. I shed a tear,. although Larry Fink is a very rich man. David, just one point on these multiples. So, bond volatility has been high. Bond volatility has not settled down, even as equities have rallied.