AI is massively disruptive. Top line S&P index is very flat, NASDAQ down a little bit. You've seen a massive cyclical rotation away from the digital to the physical. You have to be more discerning at the company level to make sure you're on the right side of the street.

I do believe that AI will make things more efficient and productive. I think that will be positive for the economy long-term.

If you take a step back I think things look good. We still have a growing economy. We heard Austan Goolsbee talk about potential rate cuts coming through. On the fiscal side, we will get the tax stimulus coming through and ultimately the North Star we circle back to is earnings growth.