Mark, I noted in your piece on the terminal that August 5th is statistically the most volatile day for U.S. stocks, but you are seeing August being one of calm. Why. Yeah, it is just the most volatile.If you measured us by the average move in the VIX, that's going back to 1990, the last 35 years. And this kind of belies the idea that, you know, summer absolutely quiet markets. It is normally quiet interspersed by moments of extreme volatility.Now, early August is when we get a lot of the volatility, quite o ...

Have you drafted a letter. I have drafted a letter. So, you didn't show a letter to Republican lawmakers last night.No. I talked about the concept of firearm. I said, "What do you think?" Almost every one of them said I should, but uh I'm more conservative than they are.Let's get to the market reaction with Bloomberg's Valerie Titel. Val, what do we see. It was a chaotic 90 minutes of trading, that's for sure.Across all asset classes, we really saw a return of the sell America theme. The dollar was weaker, ...