So talk me through this as we're going into what potentially could be a rate cutting cycle. I think a lot of people expect it to be a rate cutting cycle. You say the build out of commercial real estate is actually slowing down and that's good for the sector.This is confusing a bit. Explain this one to us. Well, first of all, this is a positive step in a progression of things that's happened.The passage of the tax bill was very positive. A little bit of clarity on tariffs is positive. The pullback we're talk ...