Factor push testing on interest rates is NOT appropriate for which of the following circumstances?
　　A. Fixed income and equities in normal conditions.
　　B. Fixed income and equities in bear market conditions.
　　C. Fixed income and equities in bull market conditions.
　　D. Fixed income and equities in inflationary market conditions.
　　Answer:B
　　During bear market conditions, equities and bonds move in opposite directions while in all other cases, the asset classes tend to move together. Hence, pushing each factor in its "worst case" direction does not capture the negative correlation in bear markets.