Yeah, I think it's totally understandable why you'd have that market reaction. If you have a weaker labor market, you don't have inflation data coming in. You're going to have an expectation of more Fed cuts. I think the issue is we knew that this week print was coming, so especially for the non-form payrolls print. The shutdown means that those furloughed employees count as not employed, and particularly for the Challengers print if you look very deep in the tax. They say that the biggest reason that you've had this increase in job cuts year to day is because of doge. So it was a completely anticipated impact, but Anna, as other stand-able, you'd have some kind of market reaction to it still.

Yeah, sure. I think it looks like a dovish bias for sure. I mean, we're having a very much an issue with the idea that there's a lack of data. So you have to kind of grasp onto anything that you can. And this is the one report that's telling you that jobs are very weak. And that was kind of the bias before as well. And so there was more of an emphasis from the FOMC on the labor market side of the report or of their mandate than the inflation side. You're also not going to get inflation data likely for October. So there's nothing to balance that. So it does shift obviously. I think my worry is it's not a clear economic signal. Right? If you have cuts because of doge, that's not because spending is weak. It's not because the economy generally is doing well, which is what you'd think generally comes when you have those job cuts comes through. So it could be a false alarm for the Fed and it could mean that they've cut more than necessary and you have an overheating economy in just 2026.