Yes, I have confidence in the Sn arm. Also, indications now are that the Nifty reset plan is taking small steps. Banks aren't risk takers and there would be Buckley's that the recent Facility was executed without a security over the TAS asset if conference in the Nifty f/cast wasn't there. MLX might trade lower as the CuP goes through the current basing but a 2020 look-back will probably be around -…why didn't I get more?. That is of course predicated on Trump not blowing-up the 10 year yield completely or Powell putting his things in a box.
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