we'll ask robert kaplan what he thinks. what if you get none? >> that could be problematic.e had that apprehension and nervousness today. this is a softening of the economy that the fed has orchestrated. the fed now needs to start cutting or else i do think there will be more concerns, more days where bad news is bad news if we think the fed is resolute in not cutting. i just don't believe that's not the case. >> gabriella, tech led, utility the outlier, derivative ai, play up 8.5%, com services up 6.5, real estate up 5. what's going to lead us now? we narrowed again, right, as tech has come roaring back, is the narrowing of the market going to continue? >> i think one of the things we have to ask ourselves is not just the economic picture and that's where we have a hard time seeing real estate or manufacturing rebound with what's already been priced into the market. specifically when it comes to real estate, public real estate rates, substantially priced in the deceleration that we've had in the real estate market. so that's an area where a lot of investors we have spoken t