Clients are becoming more accustomed to operating in uncertainty. They are focused on execution, thoughtful capital deployment, and seeing where the environment goes. The economy is still strong, there are places to invest capital, but everyone is taking a cautious approach.

You always have to factor in changing conditions. We have to see the timing. If it's a 3-5 month resolution vs. longer, that defines different scenarios. We plan for all, and clients lean on us for advice on thinking through 'what ifs' and different potential scenarios.