| with adam shapiro let's get one more | 3.681 | Jump to 5.359 |  |  | 
              
                
                  | we have the s p 500 up about point seven | 4.881 | Jump to 11.759 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about point seven
                      
                     |  | 
              
                
                  | percent the dow up more than 200 points | 4.56 | Jump to 13.92 |  |  | 
              
                
                  | up almost 200 points the s p 500 will | 4.8 | Jump to 39.04 |  |  | 
              
                
                  | settle up almost 30 points up a little | 4.16 | Jump to 41.36 |  |  | 
              
                
                  | three quarters of a percent up 131 | 4.24 | Jump to 47.12 |  |  | 
              
                
                  | roughly 2 let's get to our panelists and | 4.48 | Jump to 56.64 |  |  | 
              
                
                  | still have a few days left in 2021 uh | 5.2 | Jump to 71.84 |  |  | 
              
                
                  | the first 10 trading days of december | 6.64 | Jump to 88.72 |  |  | 
              
                
                  | the market was up 3.2 percent only to | 5.519 | Jump to 92.24 |  |  | 
              
                
                  | 10 days so it seemed as if it was | 4.0 | Jump to 98.72 |  |  | 
              
                
                  | some upside potential over the last five | 4.541 | Jump to 110.479 |  |  | 
              
                
                  | beginning of 2022 do you think equities | 4.241 | Jump to 121.119 |  |  | 
              
                
                  | there is all the three big questions for | 4.48 | Jump to 151.68 |  |  | 
              
                
                  | 2022 for us is our girl the first one is | 5.36 | Jump to 153.28 |  |  | 
              
                
                  | rate hike will come and second is the | 3.92 | Jump to 158.64 |  |  | 
              
                
                  | last one will be you will have the | 4.16 | Jump to 162.56 |  |  | 
              
                
                  | uh year over year is of five percent and | 4.4 | Jump to 175.68 |  |  | 
              
                
                  | we get into the first quarter of 2022 | 5.6 | Jump to 208.4 | 
                      
                        
                      
                        DATE
                      
                      
                        the first quarter of 2022
                      
                     |  | 
              
                
                  | two things are probably the most | 3.12 | Jump to 214.0 |  |  | 
              
                
                  | the vix was uh touched around 35 level | 4.321 | Jump to 226.159 |  |  | 
              
                
                  | since the the january of 2021 and right | 5.759 | Jump to 230.48 |  |  | 
              
                
                  | now we are having the 50 davis uh moving | 4.96 | Jump to 233.68 |  |  | 
              
                
                  | averages over 200 200 days moving | 3.761 | Jump to 236.239 |  |  | 
              
                
                  | sam we just had the s p 500 closing at a | 4.24 | Jump to 261.519 |  |  | 
              
                
                  | 2022 uh the return that we're getting | 5.88 | Jump to 280.84 |  |  | 
              
                
                  | here in 2021 is in the top 20 since | 6.4 | Jump to 283.44 |  |  | 
              
                
                  | a 10 and a half percent gain on average | 5.12 | Jump to 289.84 | 
                      
                        
                      
                        DATE
                      
                      
                        10 and a half percent
                      
                     |  | 
              
                
                  | making the balance sheet smaller 9 | 4.08 | Jump to 318.72 |  |  | 
              
                
                  | trillion to something less but that | 4.08 | Jump to 320.8 |  |  | 
              
                
                  | 2022 | 3.84 | Jump to 330.639 |  |  | 
              
                
                  | gas first and possibly tapping the | 4.879 | Jump to 338.88 |  |  | 
              
                
                  | braids in the second half of the year uh | 5.761 | Jump to 341.199 | 
                      
                        
                      
                        DATE
                      
                      
                        the second half of the year
                      
                     |  | 
              
                
                  | 10-year yield creeping up to about two | 4.72 | Jump to 355.68 |  |  | 
              
                
                  | between 18 and 19 not the 21 22 that we | 7.361 | Jump to 362.319 |  |  | 
              
                
                  | to be looking at in 2022 | 5.041 | Jump to 387.039 |  |  | 
              
                
                  | barbecue strategy will be needed for 20 | 5.44 | Jump to 392.08 |  |  | 
              
                
                  | seconds 20 20 22. um | 5.679 | Jump to 394.08 |  |  | 
              
                
                  | far is a deviation is close to 50 | 4.481 | Jump to 411.599 |  |  | 
              
                
                  | almost 40 years we also have the | 4.0 | Jump to 440.08 |  |  | 
              
                
                  | yesterday 90 of shelves are stalked | 7.121 | Jump to 447.599 |  |  | 
              
                
                  | and spend so we're looking for 4.8 gdp | 5.681 | Jump to 484.479 |  |  | 
              
                
                  | growth next year seven and a half | 4.799 | Jump to 488.24 |  |  | 
              
                
                  | percent earnings growth for the s p 500 | 6.319 | Jump to 490.16 |  |  | 
              
                
                  | and inflation to go from a peak of 6.9 | 8.321 | Jump to 493.039 |  |  | 
              
                
                  | year on year in q1 of 2022 down to 3.1 | 8.4 | Jump to 496.479 |  |  | 
              
                
                  | by the end of 2022. | 5.119 | Jump to 501.36 |  |  | 
              
                
                  | terms of s p 500 earnings next year | 4.081 | Jump to 506.479 |  |  | 
              
                
                  | to tell for now but the the two most um | 5.28 | Jump to 532.72 |  |  | 
              
                
                  | two are still strong in 20 seconds but | 5.04 | Jump to 542.72 |  |  | 
              
                
                  | if you are seeing the one of the pot are | 3.84 | Jump to 545.36 |  |  | 
              
                
                  | the second part of 22nd there will be | 4.8 | Jump to 561.12 |  |  |