“So we quite possibly could have a dynamic where if we are in this soft landing zone, we could see increased activity.”

In context

“your question. I think we -- as you heard from my comments, we're generally constructive about what 2024 brings and it should be beneficial to both arms of the firm. Some of the reorientation of cash equivalents, whether they be in money markets or treasuries and the like that Sharon referred to and redeploy by our wealth clients into the markets, given increasing sense of stability, clearly good for FAs and for the wealth channel. In the investment bank, we've had a decade's long route in IPOs slowest volume we've seen in decades. As you know, we've had very light M&A calendar. So that also has been at a trough sort of early cycle type activity from our highest margin products inside of the investment bank, specifically inside of investment banking, we think, in order to our benefit to. So we quite possibly could have a dynamic where if we are in this soft landing zone, we could see increased activity. Ultimately, we are in the tickets business activity based in both channels and benign economic conditions augur well for both wealth and investment but also for the investment bank. And part of the reason I wanted to talk about the integrated firm today was because the two segments are working together will bring inevitably additional growth opportunities in the firm. We have folks that have mobilized around the enterprise are now in a position to talk to clients across the product spectrum and to bring in additional business. We have a big business, as you know, in Europe and in Asia. So if economic conditions are better than the expected, which is that Europe will struggle in China might as well. If we do any better than that, we would expect to see some increased activity coming out of”