 Well, if you simply look at presidential election years, and we went back doing this for a number of decades, you tend to see a spike in the VIX. And that's not always a spike to really high levels. Sometimes you're at really low levels and you get slightly less low. But we do typically, if you look at it from a seasonality perspective, also see a bit of a sell-off, usually more sort of in the second quarter, bleeding over a bit into the summer in presidential election year in the S&P.