Would you guess that BNI and railroads in general were considered safe stocks? The low risk portfolio (below) included BNI so it's up today. But even without BNI the safe stocks are ahead by 50bps. We are in the same go to safety pattern we've been in since early October. I have to say it's delighted to see MA getting hit. Along with V, they are the true vampire squids on the face of America. Semiconductors are getting smashing.