some of that is of a broader global concern. when you also start to worry about the u.s. economy slowing down and we ve seen interest rates drop, sending off a cautionary signal, a growth recession, sub par growth could come to the u.s. we re seeing some rates drop. that s in anticipation of slower growth down the road. some people are calling for sub 1% growth in 2019 for the u.s. economy. that means likely that the federal reserve is done raising interest rates. at least in my view, they re done for now and possibly for the cycle. and we ve also seen a host of other indicators. today s job report was strong. private sector payroll employment, that s a lagging indicator. the leading indicators are slowing. that s a problem. and the things that look forward as opposed to things that measure what happened. employment isn t back. employment is always what happened last month. we had the recovery in the stock market the last five days.