the stocks that im watching i want to go through a number of the banks both european and us you can see ubs clawing back some of the losses from earlier this morning theyre down now less than three percent two point three percent so really trying to reassess whether theyre getting a bargain or a bad deal more people kind of weighing in on the bargain side as time goes on jp morgan shares are lower by six tenths of a percent not a lot of drama given some potential uncertainty in bank of america shares are actually up now three tenths of a percent in the midsized banking in the united states first republic shares yes they are the outliers in terms of carnage down 18 percent about in premarket trading but western alliance and pac west two other banks that weve been watching are up and up considerably up seven point three and fifteen point eight percent respectively i find this interesting because it highlights that perhaps we have gotten to a place where there is more confidence and i want to end on oil because we havent really talked about oil goldman sachs came out over the weekend and downgraded their expectation for the full year to below 100 dollars per barrel you have seen people continually retrace you see all the oil majors lower on the day not no drama all down less than 1 percent but still john i think its interesting to note the read through of what slower economic growth means tightening credit conditions and the read through in different parts of the market of how thats going to really affect growth