Tech

Good stuff boys...love tuning in. I think Josh hit it on the head. Hard to argue with tech’s FCF, margins and revenue growth. Tech wants a premium and we will ALL pay until the story is no longer. Have to think the premium for the US is one in the same...The tech sector is 21% of the S&P and a whapping sub 7% in international developed markets. Without meaningful economic expansion, it’s hard to see the typical rain makers take the lead.

Keep up the great work.