Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
And how you calculate that from people.
Because, I mean, at the end of the day, like Russell 2000, what we went from, we're close to at least 20% of non-earners.
That's a huge difference.
Are they in?
Are they out?
I think that's the issue.
Directionally the same.
But I think from a magnitude perspective.
No.
Correct.
Correct.
No, I mean, I think it's all the beginning of a recovery, right?
So, and you're all seeing this together.
It's the manufacturing recovery that they're, you know, linked to.
So the same thing, like when you look at ISM, right, ISM new orders, inflected higher for the first time in three years, right?
It's very rare that the manufacturing economy is in, I would call it maybe recessions overstating it, but a malaise for three years.
The last time you saw that was like in the 80s, right?
And you see a big corollary to smaller businesses and productive capacity in the U.S.
So it is just starting to emerge, right?
to what normal growth actually looks like.