Fiscal Spending Tailwoods

The US federal government is actually looking to not just decrease spending but probably keep overall spending flat from 2022 to 2023 and increase it by about 4.5% going into 2024. So this means you're going to see a divergence between the true consumers and where the government is spending money. Our thesis is that the companies that are going to benefit from where theGovernment is spending its dollars will outperform those that are more targeted at the individual consumer.