Jason Ware

Energy prices.

A midterm election that's coming later this year.

And so I don't think that tariffs are going to be the thing that upsets the stock market.

I think we've seen that play out.

And so it's just not something that we're terribly concerned about.

And our companies that we own in our portfolio and certainly the S&P 500 writ large, again, they've demonstrated we can work through that.

We're going to see if the consensus on the street is right.

We're talking 16% earnings growth this year.

One year ago from today, we were talking about liberation day and we're going to have 16% higher earnings growth.

So it just doesn't matter.

And they just, no one wants to get super bearish.

100%.

100%.

You can't short this market and wake up the next day to a, we're not, we shouldn't call them a tweet.

I always say tweet, but he doesn't.

I always say a truther.

We call them truthers.

I don't know.

You can't short the market and wake up the next day to a truther that has the market up 1,300 Dow points like it was yesterday.

That's too big of a risk to bear.