keith parker from ubs.g boost from shifts in perception around tax reform. have you see things now? what is priced in? and what has overshot? chuck: great question. that is the number one question we are getting right now. 30%srt has moved from down to close to up to 1% right now. how much is tax reform, how much is the consumer being stronger in the month of november? is from colderat weather, the election distraction from last year -- it is hard to know. look out to 2018 and say where do we feel the most credible with our numbers? read we feel like those models are sustainable? ofill give you a couple names to home depot, walmart, dollar general, dollar tree. those are survivors. there's an interesting with the next couple of years. jonathan: what is the store you want to play around retail of the moment? there is this x -- obsession around brick and mortar, but payment processing services have ripped through. do you have more enthusiasm for that sector? liz ann: i do not follow industries. it is the case

. >> a new note literally dropping minutes before we became on the air by ubs its strategist keith parker making a big call on the market. let bring him in right now his upside case for the s&p 500 next year is 3,300 keith, are you there in. >> i'm here, yes, thank you. >> thanks for coming on. a lot to go through, but your upside case is 3,300 how do we get there? >> sure. our base case target for the s&p is 2,900 predicated on second year of an earnings recovery, 8% and growth and eps for the s&p and valuations that we would argue are still somewhat cheap to the drivers of asset prices, namely rates you add on top of that eps on a tax cut of 10% incrementally on top of that and, again, we would argue that valuations that aren't pricing three to five-year growth expectations in the market, that we could see 3,300 which on today's levels is about a 25% turn. >> wow what about the notion that kevin o'leary who is sitting to my right just made that you may get a continued run up into the ultimate passage of tax reform, but then it's a sell on the news do you subscribe to that >> i think a t