Great to be with you. I think what is happening is really this two-tale city of the economy and the market are persisting and getting more divergent. On one hand, anything related to AI had incredible growth in value. We saw a 164% increase in those stocks, versus 24% in other stocks, a big differential. That started to get corrected this week as people got nervous about valuations being high. Utilities and stocks like Constellation were affected. Anything impacting AI data centers and energy was impacted, except maybe a bit in oil and gas.

On the positive side, I think things impacted by AI applications and uses will continue to do well since we're still in the first innings as far as AI is concerned. On the negative side, consumer goods will get impacted due to layoffs and efficiencies in middle management and delays in permitting and IPOs.

No question there will be some sort of correction, whether at the end of this year or next year or later. Just like other bubbles before, no one can call the time. But even if bubble, it will still impact economy positively since AI causes growth.

Yes, we should watch credit markets. We are seeing problems in car loans and payments but not to scale of the financial crisis. The impact depends how ACA gets resolved and if it’s solved soon.