SFGTV Public Utilities Commission July 13, 2024
There are no active considerations right now to reduce the indiscernible 31 , excuse me. The point is that if you thought that equity returns were not so good tactically, you could sell the futures now and buy the long treasuries without going through the option business. You could rebalance the portfolio right now. You have the discretion to do that. Just like you had the discretion to go to 6 treasuries that you didnt do for whatever reason. Well, we look at it that we are defensively positioned right now. Okay. And you dont thank we need to become more defensive tactically in the near term ...