Balance your trading strategy by adding futures. CME group helps you manage risk and capture opportunities in all market environments.

Capitalize on around the clock access to highly liquid global futures and options market across all major asset classes.

Just visit your online broker and get started.

Plug into valuable educational materials and trading tools and see what adding futures can do for you at cMEgroup.com slash on the tape.

IConnections is the largest membership only platform for the alternative investment industry.

Bringing together thousands of fund managers and allocators in one powerful hub.

IConnections reimagines how the industry connects through its digital offerings and

premier in-person events, empowering allocators and managers to meet, build relationships

and do business anytime, anywhere.

To explore more about IConnections, its events, and gain access to the members-only platform,

visit iConnections.io.

All right, welcome to the members-only platform, visit iConnections.io. All right, welcome to the Risk Reversal podcast. I'm Dan Nathan. That's Guy Adami, guy. Hi. Yo. You and I were recording this about an hour and a half into the trading day on Friday. We have a great episode. You and I are going to take a rip around what's going on in the markets, and there's a lot going on in the markets after that non-farm payrolls number. We also

have a great conversation expanding on what you're going to hear from us with Jen Sauerbach and

Kristen Kelly, Wall Street Skinny. He said she said, so definitely stick around for that. Guy, I know we got into the numbers

this morning, but what's your quick takeaway? And, you know, is the market volatility that we're seeing?

I think the VIX was, what, 26 or something like that after we opened down, maybe 1% in the SMP 500.

We're obviously rallying because I say obviously, because that's what we do when we opened down here. That's what we do. Give me a sense. What was your reaction to the data? Was it also what's going on in Iran in the Middle East in general? Because that seems to be expanding. Are we going to have this sort of situation by the time you're listening this? You're going to know what happened. But is this one of those sorts of periods where you don't want to go out long, you know,

that sort of environment? I think it's both you don't want to go out long or short, to be

honest with you, because we've seen it before over weekends. Things happen to the downside.

Things also happen to the upside. And would it surprise you if sometime on Saturday afternoon or

Saturday morning, you got a statement out of the White House that said, we have a deal in principle

with the country of Iran and, you know, all the different things that go with it. And the oil market

...