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Better than estimated. How would you characterize the recent data and the strength of the economy . Win i would say its solid. We had some outliers, but you look at some models, the atlanta fed has growth somewhere around 2. 3 . The new york fed now has some thing around 1. 2 . I expect the truth is somewhere in between. I think we will avoid recession in 2020. Thats what the yield curve is telling us. We went from an extended period of inverted yield last year to positive. I think markets feel pretty good. That said, we have a few hurdles out there. Vonnie iran the and one of them. How do you see this escalating tension, the titfortat impacting markets, particularly currency markets . Win we started the year pretty much popping open champagne, hitting record highs in the equity market, but we got a serious dose of reality. A. Trump has ignited situation in an already quite unstable region. Iran has pledged retaliation. When, what, where, we dont know. That is not just against u. S. It

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