Garrett Melson believes the broader economic performance continues to hold up, despite a "gradual cooling" in the labor market. He says a combination of the A.I. trade and easing Federal Reserve policy are helping to create a "FOMO" mentality, adding he believes the stock market could continue higher into the end of 2025. On the labor front, Garrett is looking at wage growth cooling off and believes it is a demand issue, with a no hire and no fire environment. He adds the impact that A.I. is having on labor demand, saying that a case could be made for some entry-level roles.