joining me now is degas wright. good morning, degas. >> good morning, frank.reat to be on with you. >> a big figure. $5.5 trillion in options expirations. also, one-third of nvidia options expire today. is this an opportunity or is this a moment for concern or maybe something else? >> we see this as a moment of opportunity because as we see with the atlanta fed sticky cpi at 4.3. we are seeing that it is above target and that this gives us an opportunity because there will be some easing in 2025. this is opportunity as we look at the overall markets. as we do our research around the group analysis that looks at expectations and valuations and profitability, we're seeing opportunities in reits, finance and also industrial sectors. >> i want to get to your picks in just a minute. i want to focus on something you are focused on. economic reports out today. one is the leading indicator report today. one is flash pmi. estimates for both reports show a slowdown. pmi reports from europe show a slowdown there. what does that mean for investors? what does that mean for