Your new favorite international Latin America, explain that for us.

Look, I I think Latin America one has has held has shown a a good amount of resilience through through this war. There there are some interesting things that they have going economically and sort of structurally, um both with on the currency side and and and also on the sort of like just the way their economies are structured with like, you know, their oil exporters, all this kind of stuff.

Um they are they're they're an interesting sort of international hedge towards if this thing were to flare back up again.

So we when we're talking about portfolio construction, we think it's a pretty good idea right now to have, you know, a lot of weight into the mega cap tech stuff because, you know, I can't think of no, uh, you know, you know, no no less correlated pair than Google's earnings and the price of oil. So if you're worried about that, like, you know, you want the mega cap tech stuff in in the portfolio. And then if the if the war does kind of if something happens and oil stays higher for longer than we think it is going to be, those international the the the the Latin America parts of the international market are probably the probably going to be your best and safest places to play that. It may actually benefit from some of these higher.

Do you want exposure to Europe here?

No.

How come?

Uh because they because they have a central bank that is hamstrung by looking at a headline CPI or headline inflation. Uh and they may actually have to raise rates into a into a demand destruction event. It's a really bad look, it's a really bad situation. They kind of did this to themselves. Um and they are more exposed to to to energy prices because they're a more industrial economy than the United States is.