And I'm just curious as to how you interpret this past quarter and where we are today.

Sure.

Well, first of all, thank you, Karen and Nick, for inviting me on the show.

It's always a privilege to be asked to talk about markets.

the markets.

I'd say if you had to sum up in one word the second quarter, and it still has a few more days to go, but I would say resiliency.

It's been incredibly resilient.

In addition to that, how much of that is driven by AI?