Bill Taranto

And that's not going away anytime soon.

And so we have to be prepared for it, but it's exciting but challenging because it's new.

And we're not sure all the areas it's going to impact or how well it's going to impact, but we just know there's going to be an impact.

I'm excited also that the marks are finally starting to open up.

I think we probably have a lot more clarity around tariffs.

We have a lot more clarity around taxes.

investment capital coming into the market, the debt market starting to slowly loosen up again.

So it provides, you know, capital and access to capital that wasn't quite there.

You know, it was there at the beginning of 25 that kind of disappeared.

It's all coming back again.

I certainly think the public markets will open up.

I think, you know, as we move into the year by the third and fourth quarter, we should be back to being robust.

We'll never see the valuations we saw before.

There's going to be a lot more.

There's a lot more discipline now around the market.

So that's that has passed.

And I think that's a good thing.

But we're going to see, I think, large market.

But I think the consolidation piece is going to be one of the big themes as well next year.

I think you're going to see private equity play a larger role.