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All right, welcome to the Risk Reversal podcast. I'm Dan Nathan. I am joined by friend of the pod, Mike Wilson, Chief U.S. Equity Strategist and CIO at Morgan Stanley. Michael, welcome back to the pod.

Thanks, Dan. Great to see you. All right. You and I just had a nice, we just got all formal here because the podcast turned on. But you and I were just having a little conversation here with a lot of fun. We're going to expand on a bunch of that. I think probably regular listeners know we go back,

you and I. I think we go back multiple decades, maybe three decades. Are we that old?

Yeah, we are. Actually, we are. We got lots of stuff to talk about. You just put out your

mid-year outlook. And I think your outlook in the beginning

of the year was really interesting you haven't been on the pod since January 24th

guy and I spoke to you on fast money I want to say the last week down at eye connections

and that was a little interesting week too because we had the deep seek thing and that

was like you know what the volatility it caused was pretty fascinating.

...