lauder. the last day of the week, the month and the summer, sort of, labor day marking that unofficial end of summer and our traders are at the new york stock exchange and the cme group to help us out, talking about what's coming ahead in september. that's what is on all the investors' minds. we have john, chris and ira. john, i will go ahead and start with you and say i'm not looking in the rear view mirror. most investors are looking forward, thinking about the tariffs that go into effect this weekend, they are thinking about the fed and is it going to cut rates. do you think that september will see some calm ahead even as august was so volatile? >> well, september has also been historically a pretty volatile month. but we do have some interesting data out there. we have investor sentiment at all-time lows. meanwhile, we have fantastic unemployment numbers. unemployment at 30-year lows. this is not typically the type of environment, 2% gdp growth, that's slow but it's not recessionary. so a lot of the recessionary rhetoric goes to investor sentiment. when it goes to extreme, that stuff usua