As we're continuing to watch what the read-through is in the equity markets evaluation of a myriad of different things, whether that be coming from 1600 Pennsylvania Avenue, or where they'd be coming from anticipation of what the Fed will do off of prints like this jobs report, where do you think that waiting is continuing to be and at what point will there be a pivot?

I I don't think we know when that pivot's going to come. I mean, obviously, I've I've said tariffs are, you know, a temporary interruption. If we didn't have tariffs, the markets would already be at record all-time highs. So, I think we have to get through the noise of this. We have to get through um, the big beautiful bill. And at least the way the market is trading, it's suggesting that we're not going to have a major deviation or a major negative. Um, we've had breadth at record all-time highs. We have volume at all-time highs, which is very unusual because normally the markets hit the highs first and then your breadth and volume hit record all-time highs. So I'm fairly confident that the market is looking past all of this. They see it as a net net positive, and what we've been telling our clients is that we're expecting new highs uh this summer. In fact, ironically, the market, meaning the S&P 500, is trading very similar to 2018. We could get some chopping here as we're up near the highs that, you know, June months can be a little choppy. But we're looking for new highs this summer. And if we follow 2018, that means new highs hit in August.

Explain to me, Marianne, what exactly is going to drive us there? Uh, of course, historically, we've been seeing that it's those big tech names, but what specifically is going to be the catalyst to drive further gains in those stocks?

So our outlook has been, and and it's not unlike other things that you've heard before. You know, artificial intelligence is a game changer. Um, but it's not just artificial intelligence. You also have robotics, you have virtual reality. Um, you have web 3, the crypto space. These are massive technological advancements that we've never even seen in our lifetime. All happening at the same time. And most, not all, of the technology is hubbed here in the United States. So if you want to invest in these markets, particularly if you want to even go into um, the private markets, if you want to go into the fees, uh, VC, venture capital markets, you have to come here. So I understand that money may be moving overseas. But I think in time, you're going to see some of that money come back as these company stocks continue to actually lead the market. This is still led by tech, and I call tech related, because some of these related stocks are in other industry groups, like communication services, with Google and Meta. These are the leaders of the market. And we believe we're in a secular bull market. And as long as these leaders are intact, our secular bull market is intact. So, I I I'm still very bullish tech and tech-related. I really don't see a lot in the value space, but I do like the financials. If I was looking at the value space, I would look uh, within the uh, financials.