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Nyse. Hi, simon. Hey, sue. Its the economy. We start with the data, the final present on First Quarter gdp is in and its not good, the u. S. Economy shrinking at an allual rate of 2. 9 between january and march. Thats the worst for five years. Durable good numbers dropping like a refrigerator, down 1 in may. Most of that drop in fairness is being blamed on lower demand for military equipment. Cnbc. Coms jeff cox is here. We call him sometimes our black swan. He sees danger ahead. Jeff, youre saying basically people should forget the vix, which is obviously very low. Theres a more sophisticated way of seeing the market. This predicts event that goes beyond what we talk about in the vix. It makes sense to buy protection against unusual things. What might those things be . I think there are three concerns that could go beyond the norm. I think gdp is number one. We saw that number, most economists think that was an outlier. Its not going to be repeated. I had an interesting quote from eth

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