A playbook of the two possible scenarios going forward with the geopolitical developments, there isn’t (for obvious reasons) an institutional survey giving us an indication of Goldmans institutional sentiment like usual, but overall we favor the “path of de escalation” as the medium term most likely scenario, nonetheless, shorter term the situation is still (highly) uncertain, NOT going to FOMO into trades, we keep a cautious, open minded approach until we get more confirmations