Since the end of the second quarter we have been monitoring a cross section of economic fundamental, market valuation, fiscal/monetary policy, liquidity and sentiment scores to gauge the attractiveness of risk-seeking assets. On aggregate, our latest measures suggest a continued recovery. In the U.S., hot spots in the sun belt have seen the trend curve for new COVID-19 cases moderate. Globally, cases ebb and flow by country but total cases appear to be decelerating. China has announced that a vaccine would be made available to some essential workers after Russia claimed to be the first to offer the world a vaccine. Announcements from other global vaccine producers are expected in the fall based upon strong progress with at least four candidates in Stage 3 large scale human trials.