Let's bring in Richard Bernstein. He's the CEO and chief investment officer at Richard Bernstein Adviserss. Rich, I can't wait to hear where are you value hunting.What are you steering clear of. I I I have to imagine you're you're loving the cyclical story here. Why do you think the market's doing so well today.What did you make of the Amazon quarter. So many questions. [laughter] >> So, so I don't know where to start, Kell.I mean, um, I think, um, look, I think the broadening of the market, we've argued fo ...

Economic Data and Market Sentiment - The current market operates in a data-scarce environment, making it challenging to gauge fixed income and yield movements during the government shutdown [1] - Corporate data is deemed more reliable than survey data, which often reflects market sentiment rather than actual conditions [2][3] Labor Market and Productivity - Labor data is identified as the most critical information for the next five years, with expectations that productivity and technological advancements will alleviate wage pressures and inflation [7] - The economy is projected to achieve a real GDP growth of 3.8% and nominal GDP growth exceeding 5%, indicating strong corporate earnings without a proportional increase in infrastructure needs [8] Business Efficiency and Scale - Companies are focusing on improving productivity through better inventory management and logistics, which is essential for maintaining higher margins and lower infrastructure costs [9] - There is a trend towards achieving scale in operations, which allows companies to run more efficiently while also supporting employment levels [9][10]