| want to get one last check of the | 3.761 | Jump to 12.639 |  |  | 
              
                
                  | up just over 20 points as we speak the s | 4.52 | Jump to 20.64 |  |  | 
              
                
                  | p 500 of about | 4.801 | Jump to 23.279 |  |  | 
              
                
                  | 0.2425 percentage points and the nasdaq | 5.24 | Jump to 25.16 |  |  | 
              
                
                  | also up by about 0.2 percent | 3.92 | Jump to 28.08 | 
                      
                        
                      
                        PERCENT
                      
                      
                        about 0.2 percent
                      
                     |  | 
              
                
                  | s p 500 and here's the closing bell | 7.38 | Jump to 39.84 |  |  | 
              
                
                  | today the dow gonna be up about 39 | 4.319 | Jump to 59.84 |  |  | 
              
                
                  | points the s p 500 up about a quarter | 4.08 | Jump to 62.16 |  |  | 
              
                
                  | percent up 13 points nasdaq's gonna | 4.561 | Jump to 64.159 |  |  | 
              
                
                  | settle up about 35 points up a quarter | 3.76 | Jump to 66.24 |  |  | 
              
                
                  | to do well in 2022 or does it where | 4.72 | Jump to 79.36 |  |  | 
              
                
                  | well in our 2022 outlook we felt like | 5.68 | Jump to 87.439 |  |  | 
              
                
                  | conditions as we saw in 2000 was going | 5.04 | Jump to 103.6 |  |  | 
              
                
                  | 2022 what are those conditions you've | 5.119 | Jump to 108.64 |  |  | 
              
                
                  | growth that suggests to us as in 2000 | 6.081 | Jump to 118.479 |  |  | 
              
                
                  | out of the exciting rally of 98.99 left | 6.32 | Jump to 132.08 |  |  | 
              
                
                  | out of the exciting rally in 2000 2020 | 4.88 | Jump to 135.04 |  |  | 
              
                
                  | 2021 | 2.8 | Jump to 138.4 |  |  | 
              
                
                  | print seven percent on that headline | 4.88 | Jump to 153.04 |  |  | 
              
                
                  | number the fastest rate since 1982. is | 4.64 | Jump to 154.879 |  |  | 
              
                
                  | little bit further to go in early 2022 | 5.761 | Jump to 160.959 |  |  | 
              
                
                  | seven percent print was largely priced | 4.16 | Jump to 172.64 |  |  | 
              
                
                  | indicator is that 10-year break-even | 4.08 | Jump to 198.0 |  |  | 
              
                
                  | it 2.5 2.52 percent over the past couple | 5.04 | Jump to 202.08 |  |  | 
              
                
                  | 277 so that's telling me the market | 4.24 | Jump to 207.12 |  |  | 
              
                
                  | let's say we break the two percent | 3.04 | Jump to 222.72 |  |  | 
              
                
                  | change vastly in 2022 is it | 5.039 | Jump to 235.28 |  |  | 
              
                
                  | absolutely i agree with you 100 i think | 4.56 | Jump to 238.0 |  |  | 
              
                
                  | comparisons to 2000 | 4.079 | Jump to 249.36 |  |  | 
              
                
                  | our 10-year treasury and when you factor | 4.321 | Jump to 254.799 |  |  | 
              
                
                  | three rate hikes this year and the real | 3.68 | Jump to 259.12 |  |  | 
              
                
                  | for 2022 is that things are going to | 4.239 | Jump to 276.96 |  |  | 
              
                
                  | look a lot like 2000. i'm wondering when | 5.12 | Jump to 278.639 |  |  | 
              
                
                  | well my memory of 2000 and and often in | 6.479 | Jump to 291.44 |  |  | 
              
                
                  | remember how that story ended in 2019 | 5.52 | Jump to 324.32 |  |  | 
              
                
                  | and that ran afoul of a trillion dollar | 5.04 | Jump to 333.84 |  |  | 
              
                
                  | in september of 2019 overnight repo hit | 5.36 | Jump to 338.88 |  |  | 
              
                
                  | 10 percent and the fed had to ride to | 3.919 | Jump to 342.0 |  |  | 
              
                
                  | 2022 are we going to be any more | 3.92 | Jump to 348.16 |  |  | 
              
                
                  | successful in funding a trillion dollar | 4.241 | Jump to 349.919 |  |  | 
              
                
                  | and you talk about liquidity demand 8.8 | 4.16 | Jump to 376.96 |  |  | 
              
                
                  | trillion | 3.68 | Jump to 379.84 |  |  | 
              
                
                  | well remember that that 8.8 trillion has | 6.32 | Jump to 394.4 |  |  | 
              
                
                  | another trillion that's going to need to | 4.72 | Jump to 400.72 |  |  | 
              
                
                  | system that's one of the reasons why | 3.599 | Jump to 414.16 |  |  | 
              
                
                  | we're sitting here with apple at eight | 3.119 | Jump to 416.08 |  |  | 
              
                
                  | needing to fund those trillion dollar | 2.56 | Jump to 423.52 |  |  | 
              
                
                  | kind of you know armageddon in 2000 the | 5.36 | Jump to 436.8 |  |  | 
              
                
                  | market was only down 5 or 10 percent | 5.519 | Jump to 439.68 |  |  | 
              
                
                  | four times this year given the inflation | 3.359 | Jump to 455.84 |  |  | 
              
                
                  | three interest rate hikes what's your | 3.52 | Jump to 461.28 |  |  | 
              
                
                  | the fed this year if you see three rate | 3.76 | Jump to 486.08 |  |  | 
              
                
                  | for example thousand point down day in | 3.761 | Jump to 491.599 |  |  | 
              
                
                  | financing costs of u.s debt you know one | 4.64 | Jump to 514.399 |  |  | 
              
                
                  | 22 trillion dollar | 4.56 | Jump to 519.039 |  |  | 
              
                
                  | debt load that's 220 billion in | 5.12 | Jump to 521.2 |  |  | 
              
                
                  | the fed is going to have to raise three | 4.0 | Jump to 538.08 |  |  | 
              
                
                  | in 2021 but still profit gains of up to | 5.361 | Jump to 564.399 |  |  | 
              
                
                  | 25 in the fourth quarter three times | 4.0 | Jump to 567.2 |  |  | 
              
                
                  | that setting us up for first quarter | 3.12 | Jump to 573.36 |  |  | 
              
                
                  | 2022 | 3.36 | Jump to 574.72 |  |  | 
              
                
                  | i think first quarter or really | 3.12 | Jump to 576.48 |  |  | 
              
                
                  | p in that 5 000 range by the end of the | 4.64 | Jump to 608.8 |  |  | 
              
                
                  | the market troughs 12 months thereafter | 3.52 | Jump to 630.16 |  |  |