 Let's get over to our man is the Dave Mazda head of product and managing director of direction and as your overnight website folks You'll see the direction banner. Do you just hit that banner and you are off their races Dave Mazda? How you doing come? Doing well. How are you happy Halloween? Happy Halloween? And you know when I read that card? I think of you and direction a lot take action on your ideas And you know when I look at the context of you know the last five years It's pretty amazing that How far ahead of the curve, you know direction really is in the context of Getting products out to the marketplace that you know people like to trade No, exactly right. We appreciate the sport the support one of the best things about ETS is that Whether you're a long-term investor and you want to go find and build a portfolio at zero cost You can do that with ETS And you can build a global portfolio under five basis points literally sign and forget however in this market environment There really is an opportunity for folks interested in trading with that being said you need to have the aptitude and ability to do that Monitor portfolio positions, you know leverage resources like yourself And so for the folks tuning in today, you know and which is one of the reasons why we last couple of years and even through this You're in the volatility we've seen a real uptick in flows and volume Indirections leverage and inverse ETS because you know, it's great when you look at your portfolio It's just up 25 30% and you don't have to do much just by the NASDAQ by the SBCO those days are over And that's one of the reasons why you know, we've seen an increase in activity both in our broad based Leverage and inverse ETS, you know, your SPXL SPXS That's that's been interesting on a fixed income side as we've talked about before TMF TMV and then into more niche areas or now areas whether it's single stocks in this earnings season or You know some of the other some of the other exposures that we're seeing, you know And a big one has been energy, you know that space is finally kind of come back in the forefront And some of these earnings that they put up have been remarkable There's no doubt. You know, it's so cool Dave and folks is that you know when you look back It's like as you just we're talking about if you're building a portfolio I mean it makes so much sense to build a full portfolio in the ETF section I mean, you know, it's amazing about it. Folks is this so picture the mantra always was folks Okay, you want you know the balance portfolio and the reality is it was a lot hard of getting a balanced portfolio That you'd buy this stock and buy this stock and buy this stock when you can go in the energy ETFs You can go in your bond ETFs whether you're a bull or a bear. That's up to you folks Okay, but the bottom line is that you can build a nice portfolio And now I'm talking about the single ones at this point folks, okay, you know, but you can build a nice portfolio then as Markets that we have right now Exactly that you can either leverage it out and Trade it all basically hedge it out to the best of your ability. So it's amazing to me that How it's fast the acceleration is actually gone Dave, but now It's almost common sense that you can see it's just not gonna stop because it's a better deal It's a it's a better deal because you could actually trade or invest in more products with one product That's what I mean. That's how it comes down. Do you know what I mean? If you just like if you You think energy is going up you're in if you think that I'm sure you're getting a lot of action in the bond market now, too Right energy and bonds are just unbelievable Yeah, exactly. So, you know, even even as energy as an investment started to come back as the price of oil was Ripping to start the year the commodities complex came back to we actually didn't see Traders begin to gravitate toward a handful of names and I'll throw out a few tickers for folks It's that's your acts, which is a 2x bull fund your why 2x bear fund then gosh and drip Again a bull and a bear on the 2x side gosh and drip are for just oil and gas companies So I should a little bit of higher beta play on the energy space your x your why you're full SMP 500 energy names and it's it was interesting to me because I was kind of waiting saying When is this gonna happen? We're gonna see a rotation away from people continuing to trade your tech names Into it. It's really happened in the last month or so because I think there's finally there's not a retail capitulation in fact anything I think we've seen institutions start to capitulate, but we're now seeing retail traders And others begin to say hey where the opportunity is gonna be this inflation story Translator has been thrown out a long time ago. We got a big Fed meeting this week I think we know the answer there probably gonna be 75 But what comes next and we're already hearing from some of these companies whether it's meta More importantly, I'm thinking like an Amazon or even to a lesser extent Apple even though man That company shows a lot of resiliency in any any operating environment that hey Things are not looking so hot for 4q and even into 2023 But the space that may continue to kind of be be be even more resilient again Not to call it Apple here is the energy is that energy complex? Obviously we'll get some headlines or whatever Situation pipe dream of putting a putting a profit tax there and carbon tax That's a conversation for another day, but it's still gonna create an opportunity Especially in the midterms or some real activity here both the bull side and the bear side Yeah, huge opportunity. I'm so glad you brought up the content of that capitulation day because I was asked that I was on the TT Ameritrade network the other day and I said to the host I says When capitulation comes you're not gonna be asking any of us that Have a great one Dave look forward to speaking to two weeks from today. Thank you. Talk soon