know, the the the top 10% of the trade here, Chumat, the AI trade getting maybe unwound or muted? What do you think? >> No, I think that Sax is probably right on the margins. I think the bigger point is what he said before is, man, the entire economy is effectively levered to this AI trade right now. And so, we just have to tread carefully. If you think that you have, you know, 3 and a half% inflation and 5% nominal GDP growth, what you have is one and a half% real.
If you think that you have, you know, 3 and a half% inflation and 5% nominal GDP growth, what you have is one and a half% real.