here to take it all up is invesco global market strategist brian leavitt.rest rate cuts, i think those are good news unless you super duper need them because the economy is crashing or something like that. so where do we stand now? are we headed for a recession? >> the good news is i don't think we super duper need them, but it was appropriate, is appropriate for the federal reserve to be easing policy. inflation has returned to its comfort zone, right? they look at their preferred measure, you're back at 2.5%. and you're starting to see some modest weakness in the job market, unemployment rate has gone up a bit. nothing overly concerning, but it has moved. and is you would argue, i would argue that fed funds rate over 5% given that the world we're in and likely going to is too tight. so it's appropriate to start easing. can they do this without a recession? that's the hope. i think it's still the base case, but i'm happy the see them easing. jack: people tell me there's an election coming up -- >> i've heard. jack: does the outcome matter for the stock mar