richard bernstein advisors from earlier today.ning us now to break all this down is just minton. let's talk specifically about this more arguably tradable event than the fed. 3% on cpi data. not necessarily something we have seen on fed day. walk us through the numbers. >> typically, if you look at the last couple of months, usually the s&p 500 is going to swing 3% in either direction. if anything, we should expect there to be more volatility tomorrow, once we get those cpi numbers. sometimes, typically the way futures react once those numbers hit at 8:30, usually they go in the way you would expect to say it comes in hotter or cooler than expected. but by the time market closes, it's not necessarily the way you think like october, posting a gain of more than 4%. if you look back at november, the s&p 500 actually rallied and posted its best cpi day on record according to data from bloomberg intelligence, tracking that for about the past two decades. if anything, we should expect there to be more turbulence and volatility tomorrow,

so you can see, pretty decent move relatively speaking now after the break, richard bernstein advisere fed will not be the main driver of markets next year. he tells us what the key tcnglyst will be, and what he's wahi instead, that story, plus the latest on tesla, and disney when we take you inside the market zone. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity ♪ >>> all right, you know what that means, we are now in the closing bell market zone we have cnbc senior market commentator mike santoli breaking down the crucial moments of the trading day, plus alex sherman on the disney and avatar story also dan suzuki fromrichard bernstein advisers let's start, mike santoli, with the way this mark