Ryan Sean Adams

I'm not sure.

All right, very good.

And the breakdown, the reason we have different lines is there are different segments of the S&P 500.

So you've got MAG-7, you've got large cap, you've got mid cap, and you actually have S&P 600, some small cap as well.

And so you see kind of, I guess, different indicators here.

Now, on this chart, different than our Shiller PE, on this chart, we're actually not seeing all-time highs.

I guess for Mag7, Mag7 is doing pretty well, but it was higher in 2021?

Yeah.

Is that right?

Ford PE?

I look at this chart and I don't see anything.

It doesn't look crazy.

I mean, the Shiller PE looks crazy.

That looks like you're buying the top as you're buying right now.

This doesn't look that bad.

And you're saying the reason is because earnings are really keeping up.

The earnings are actually being shown in the reports and the financials right now.

I think probably in all hype cycles, res framework, frenzy territory, price is going to, you know, lead.

Yeah.

and then fundamentals are going to follow, right?