performance since 1997. so, that's good. since trump's inauguration, the s&p 500 is up 31%. how does he stock up? that's close to the same period of the reagan administration. less than george h.w. bush and bill clinton. better than the loss for george w. bush, as the dotcom bubble burst. and the stock market trails that of barack obama. now, if history is a guide, october can be unpredictable. goldman sachs finds volatility rises. goldman notes, we believe it is a critical period for many investors and companies that manage performance to calendar year end. there's the tug-of-war in the u.s./china trade war. the next meeting between these economies is october 10th. the fed meets on interest rates and earnings season begins. those are hurdles for this fantastic year-to-date performance in the stock market. we saw in the quarter, it