“I think that regulation is actually key to a market's growth. One of the things that's been constraining AI companies is a lack of guardrails and clarity around how they operate, what they can and can't do, and some certainty from citizens that these models are going through some sort of blue-ribbon panel or check.”

It's very hard to find themes in a one-day movement in the market. So, if you look at the economic policies, one of the things that we're probably great at is branding themselves as the pro-growth, pro-like economic growth party. I would argue that over the last 10 years, the GOP is moved from being the pro-business party to the pro-billionaire party. And that if you actually look at the policies of massive deficits, not reinvesting in the middle class, that over the last 12 presidential administrations, what you've seen is lower growth in Republican administrations, lower job growth with greater deficits. That's just a fact. And that I would have liked to have thought that the market said that this was an endorsement of Democratic policies as it relates to the economy. But I think probably what it was, given the checkback today, was a bit of a relief rally that the markets don't like uncertainty. That once the markets have sort of a feel for what the next few years will be like and the election is over, the markets like knowing who they're waking up next to, even if you don't agree with their…