So then that suggests there's a different driver of the price.

That is correct.

There's a different dynamic.

Now, we focused on oil.

And that was really why so many in the market were wrong-footed.

Because historically, there's a positive relationship between oil.

And I remember the 1970s and the 80s.

How is the risk thermometer, I guess this is related to what we were talking about before, the risk thermometer role and then the broadening of the investor base Is this a sort of changing dynamic that will continue to determine what happens in the months ahead?