So look there. There's nothing that's really changed since our mid-year outlook. Um, you know, I think we still have this list of things that we think could present short term tactical risks to the market, but we view those as things that might generate something like a 5 to 10% drawdown at worst.Um, you know, those are things like the midterm elections later this year. I know, you know, there's a lot of stories starting to percolate there. Um, and interest from clients starting to percolate as well.At some ...

Let's bring in Stephanie Link, chief investment strategist and portfolio manager for High Tower. >> Morning. >> Uh also a CNBC contributor.>> Let's do it for the third time here. Uh Stephen and tell me whether it makes sense because uh >> what for scum say I'm not a smart man. Um so 400 on the S&P for earnings in next year 2027.If you take 20 times earnings is is like it's a round number. That's 8,000. Is that reasonable after the gains we've already seen in the S&P.>> Uh I think so, Joe. And I think that's ...