How worried are you?

You know, it's interesting you frame it in that sense because I actually just wrote a piece at Wealth Empowered, which is the newsletter, talking about this exact situation that we're facing.

And here's the reality, which is as much as we've been Any one of us who has a compulsion to follow the news knows everything that's been going on, certainly over the last few months since the war with Iran started.

But going back to the tariff announcement last year, so on and so forth.

And so you're naturally inclined to say, man, that's a lot of changes under our feet.

And it doesn't all feel particularly positive, including things like interest rates rising well in excess of 100 basis points since where we were you know, before February 28th.

And you're looking at the market and you're saying, well, the stock market seems to be doing okay.

Does that mean if we watch the Fed hike rates and we see the Treasury get above five, that that's a big enough move for it to be a trigger? Or do we need a couple of rate hikes and maybe the long bond to get to five and a half?