joining us for more insight is kevin carranza -- is kevin caron. 180 billion dollars in assets. kevin, a lot has happened since the last time we spoke, which wasn't even that long ago. when you arrived this morning, was everything essentially different in the u.s.? kevin: not as a result of turkey. at the end of the day their world -- there wasn't much to change. as far as the markets are concerned, what they have seized on has been a turnaround in risk appetites. we see a much better tone in the market overall and we are wondering whether that begins with feedbacks in the fundamental. vonnie: dominating the headlines this week, not just politics and turkey will be politics here the u.s.. we have the republican and democratic national convention. how market moving will these events be? kevin: probably not because this is and a place where you are going to see any significant change in expectation about what the policies that are going to be coming forward. you have two candidates that will be moving forward with their agendas. it is about getting elected at this point and the nex