Jason Ware

We'll see how things go.

We have to remember, Zaid, it's a committee, right?

And I think this gets overlooked a lot.

Everyone just thinks like, oh, it's Warsh's decision to make.

It's not.

He has to come in and convince 11 other people, even if he wanted to cut.

And obviously there's a couple that are sympathetic to Ray Cutts.

So you really have to convince maybe like nine other FOMC members who are a lot more neutral or even leaning a bit hawkish if you listen to them out on the speaking circuit talk.

He's going to have to do a fair amount of convincing, even if he wanted to cut two, three, four times, that that's the right move.

I think that's a really tough decision.

position to argue right now.

I am sticking with that call for the remainder of the year.

A moment ago, I kind of talked about, you know, the views on mag seven versus the broader broadening out trade.

I do think there's a broadening out trade that's going to happen regardless of what the mag seven, uh, how they perform.

Um,

I do think the broadening out trade has more legs, i.e.

the 493.

But the question that you're asking is which one is going to run faster between now and near end.

And I still think the mag seven have the better position there.

And I would argue even better still today, given valuation.