So just level set the trend. It's bull market. The primary trend is higher. Earnings for sure have been better than expected. The S&P 493 in the first half plus 7% good. The magnificent Seven plus 28% superb. The market is basically saying we think the Fed's going to be cutting into a cyclical acceleration. The big dynamics are favorable. When the Fed cuts at or near the highs in the stock market, historically the market is higher the following year.