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Welcome to the Risk Reversal podcast.

I am Dan Nathan. That is Guy Adami.

Hello, everybody.

We have one of our really favorite guests for a whole host to reason.

Stephanie Gill. She is the CIO at Robin Hood.

But one of the reasons I was going

to say she's one of our favorite guests is not only is she a strategist. She runs the SMA business.

See what I did there at Robin Hood. You guys have over a billion dollars under management, which is pretty 1.1 billion.

You're obviously an excellent strategist. We see you CNBC a bunch. You come and you're gracious enough to do our podcast. So welcome. I'm happy to be here. Thank you. Yeah. So, Guy, we got a lot to talk about with Steph. We got Fed policy. We have really want to put, I don't know, I guess a bow on some of the things that you thought were going to happen this year. A lot of them have come to pass and maybe how you see the next few weeks playing out. I know you're working on your 2026, so we're not going to bug you too much on that. And there's a lot going on there, right? If you think about tax, you think about fiscal, you think about monetary policy, you think about a new Fed, you think, all the health care situation, tariffs, you know, a lot going on, a lot of push and pull. So we'll get into that a little bit. But let's talk about this for a second, the multiple on the S&P. Okay, so you had a $6,500 target. We blew through that. We're at $6,8.50.

No one's going to give you a hard time on that.

It's not like we're saying to sell it $6,500.

...