John Mowrey

Like, interest rates are traffic signals for the economy, okay?

And they tell capital what to do.

And so it's a big, big, big deal.

And so when I see small and mid-cap stocks up year to date in the face of everything we're seeing, that gets me even more optimistic because below the surface, you've got a lot of dislocation in cyclicals, industrials, technology, consumer discretionary.

But you've got to be choosy.

Not all stocks are created equal.

And I mentioned pricing power earlier.

So you're going to have to really weed through.

Not every stock is created equal.