if you look at what has happened to Arc after two very difficult years we don't own most of the Magnificent Seven we own Tesla in size but the others either not at all or partial positions in our Flagship strategy and we have been able through the through the second quarter uh we outperformed uh even the NASDAQ 100 which is dominated by those uh those stocks now uh we're backing and filling now so uh we'll see what happens as we enter the end of the year I think interest rates moving up uh has given everyone pause and so they're running back to their benchmarks but I do think our outperformance in the first half uh and it was significant outperformance suggested that maybe underneath the market is broadening out and that's a very healthy size
