How Big Is the Iceberg?

I think the challenge with tech for me at this point is the beginning of the year, this was evaluation discussion, right? We're going to push yields higher. That's going to push PEs down for the NASDAQ. Third quarter earnings were not about valuation, right? Those are about actual fundamentals. So the question here for tech is, if I take that pressure off from rates, do I get evaluation re-rating or do people take a step back and say, I need to see how this, this cost cutting initiative plays out? It's just impossible to tell me, look, tech should work if the pressure from rates eases a bit.