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[Music] the mcelvaney weekly commentary covering monetary economic and geopolitical news events we have a growing Divergence between fed policy and Market belief in the durability of higher rates that Divergence is not going to play out well the consequences could be very painful Pal doesnt quickly back down markets are going to have to come to terms with being overvalued again very overvalued now here are Kevin Orrick and David mcelvaney foreign ey weekly commentary Im Kevin Oreck along with David mcelvaney well its that time of quarter again its the Tactical short call isnt it yeah I want to start with news of a meeting that you cant miss this week Wes and Davos no its not the world economic Forum if you feel the need for virtue signaling and platitudes from Champagne drinking socialists of course tune into Davos no youre right its tactical short time and so join us for our quarterly call with Doug Noland well cover last years performance and the Dynamics in the market an