Is 2022 a fair comparison to where we are now, or is this time a little bit different?

Yeah, it is, by the way, a fair question, and thank you for putting me on the spot.

So I would say this.

2022 was the exception, not the rule, when it comes to the Fed tightening interest rates.

And what I mean by that is, back to that why.

Like why did the Fed tighten in the first place in 2022? Well, let me bring you back, right? Four and a half years coming into that year.

We know inflation was percolating much higher.

Hey, Bradford, what about market broadening signals to, of course, meaning broadening beyond the mega cap and the Magnificent Seven, which we saw happening prior to the conflict in Iran? With this conflict potentially reaching a peace agreement now, any signs that this broadening might resume?