Bloomberg was flagging this up, the Run up in XRT, retail ETF due to the Run up in GameStop. I was surprised at which sector is at top of the list of gains so far this week, utilities. The recession proof sector and the one to turn to when growth outlook in doubt. Plenty of talk about a pause in the Reflation trade and or the Rotation trade, A bit of Evidence here backing up that point. Further down the list is another Sector that is in play on the possibility of a slowdown, Consumer staples that too doing well so far this week. I think reflation narrative still in play just need a bit more evidence to back up the aggressive pricing so far, Watch US yields to see if they are still believers. All the bubble talk and a pause in this theme set the stage for some type of Pullback in Risk, but we shall see.