Let me start by reminding you that at the end of the 3rd quarter our biggest concern was the lack of progress on a trade agreement with China. I believe this was starting to have an impact on the economy and was certainly a hindrance to the market. I was optimistic markets would respond positively with progress on this topic as they had in the past. I was also skeptical that the timing of any sort of resolution could be predicted. Since then, a “Phase One” trade agreement has been announced and it is scheduled to be signed January 15, 2020. “Phase One” was announced on October 11, 2019, and as you can see from the chart below, markets responded very positively.