RUSH TRANSCRIPT Stuart 232 ░░░░░░░░ in the dow is ░░░░░░░░ 170 to but look ░░░░░░░░ the NASDAQ It s ░░░░░░░░ up 123 points D ░░░░░░░░ ory wiley joining us ░░░░░░░░ many New York The ░░░░░░░░ s barely reacted I ░░░░░░░░ we might get a ░░░░░░░░ Why not Well I ░░░░░░░░ Trump has credibility right ░░░░░░░░ went through this in ░░░░░░░░ first administration and people ░░░░░░░░ learned Trump is using ░░░░░░░░ for two reasons one ░░░░░░░░ affect foreign policy and ░░░░░░░░ to affect free trade ░░░░░░░░ s not against free ░░░░░░░░ he wants fair trade ░░░░░░░░ and so you think ░░░░░░░░ tariffs will not be ░░░░░░░░ No I think they ░░░░░░░░ they ll be imposed ░░░░░░░░ it s used to ░░░░░░░░ attention in order the ░░░░░░░░ Those countries need us ░░░░░░░░ than we need them ░░░░░░░░ he puts those in ░░░░░░░░ and countries adjust then ░░░░░░░░ can adjust the oh ░░░░░░░░ If they don t ░░░░░░░░ they get hurt worse ░░░░░░░░ we do And in ░░░░░░░░ end your pushing the ░░░░░░░░ economy Stuart there s ░░░░░░░░ is a danger of ░░░░░░░░ ifism isn t there ░░░░░░░░ tit for tat And ░░░░░░░░ market s discounting that ░░░░░░░░ He gets credibility and ░░░░░░░░ deserves it because it ░░░░░░░░ mt First term and ░░░░░░░░ are more diversified in ░░░░░░░░ supply chains now time ░░░░░░░░ the Trump rally does ░░░░░░░░ have legs in Yes ░░░░░░░░ it does If you ░░░░░░░░ at earnings from the ░░░░░░░░ to the fourth quarter ░░░░░░░░ re projected to to ░░░░░░░░ highest they ve been ░░░░░░░░ three years so it ░░░░░░░░ a fundamental reason We ░░░░░░░░ don t have excess ░░░░░░░░ the ipos and m ░░░░░░░░ so there s definitely ░░░░░░░░ to run Stuart okay ░░░░░░░░ brought us you like ░░░░░░░░ caps right That s ░░░░░░░░ you think the money ░░░░░░░░ be going So give ░░░░░░░░ you like the financial ░░░░░░░░ everything t the f ░░░░░░░░ is it allow concern ░░░░░░░░ like Xlp Why do ░░░░░░░░ like it First of ░░░░░░░░ with financials the smaller ░░░░░░░░ banks are chest domestic ░░░░░░░░ in so now I ░░░░░░░░ taking the tariffs out ░░░░░░░░ the question In addition ░░░░░░░░ pricing are in the ░░░░░░░░ 13 multiple range They ░░░░░░░░ money unlike a lot ░░░░░░░░ other small caps which ░░░░░░░░ third of the the ░░░░░░░░ caps lose money It ░░░░░░░░ a fundamental reason to ░░░░░░░░ there They re up ░░░░░░░░ a 50 600 depending ░░░░░░░░ which et if you ░░░░░░░░ at and there s ░░░░░░░░ to run Stuart how ░░░░░░░░ vbr that s another ░░░░░░░░ cap etf That s ░░░░░░░░ small cap fundamental value ░░░░░░░░ by vanguard and it ░░░░░░░░ up 36 for one ░░░░░░░░ and I think there ░░░░░░░░ room to run in ░░░░░░░░ and there s 20 ░░░░░░░░ in it Stuart you ░░░░░░░░ putting your money into ░░░░░░░░ I m still allocated ░░░░░░░░ m not over allocated ░░░░░░░░ underallocated and I like ░░░░░░░░ cap value as an ░░░░░░░░ to buy right now ░░░░░░░░ we going to have ░░░░░░░░ good year 2025 Yes ░░░░░░░░ think we ll be ░░░░░░░░ this year As much ░░░░░░░░ 2024 That s a ░░░░░░░░ stretch Stuart yes it ░░░░░░░░ is.