Alicia Barry

And then, I mean, look, this week we've been talking about interest rates really hurting people.

So...

The way that you kind of marry these two things, what's happening in the economy and how just stocks just keep rallying, it's really difficult to kind of, you know,

Well, no, and that has everything to do with what you just said, Carrington, the concentration.

If you look at the tech concentration in the US, I mean, it's about 32% of the index made up by these mega cap tech stocks.

And investors are buying the growth story.

I mean, there have been some concerns that these tech companies are spending too much, but there's still so much growth

baked into them returning on that investment.

People want to buy that growth story still.

And Microsoft.

Yeah, that's right.

But if you contrast the gains that we're seeing in the US with what we're seeing in Australia, I mean, the NASDAQ is up about 13% this year, I think, from memory.

If we look at the Australian share market, it's up about 3%, 4%, I think.

But our tech sector compared to the US, it's about...

6%.

We do have some big names like WiseTech.

On the data centers.

Yes.

Yeah, that's right.

I mean, we do have a few, as I said, about 6% or so, but it is really minor in comparison to what's going on in the US.