let's go back to jonathan krinsky of baycrest. reading to other markets? jonathan: there have been prior instances where that has mattered. you go back to the late 1990's. there was an em crises and that spread to the u.s. markets. that did not cause the end of the bull market. as we keep highlighting, for the end of the u.s. bull market, you -- leadershipo stocks stopping going up your you're talking about amazon, apple, microsoft and tech. they make up two big of a percentage of the market to not matter. i think you need to keep watching em. rest of the world keeps watching and even parts of europe continue to trade poorly. if you're talking about the u.s., you want to continue to focus on the u.s.. francine: if you look at the u.s. in the late cycle and tax cut benefits will come to an end at some point. what does that mean for the markets when that happens? jonathan: we will see parts of the market that are affected more than others. we are seeing that right now. financials are ,nterested -- interesting financials are the only