The Macro Picture

We have a fantastic macro analyst in our business. Yimin Zhu writes a series of what's called macro meetings. And again, that can be used as a real class, as a signpost for what to do in equities. I'd say we're pretty high level on macro stuff. If you look back at the last podcast that we did with you guys, we were really very, very clear and said, we don't see any signs of a recession whatsoever. Don't believe it. Do not believe the narrative that it's all over CNBC and the Financial Times and the Wall Street Journal. We don't believe it because there isn't any evidence of it.