peter tchir saying he is ready for rotation. he writes "i'm so sick of hearing about the magnificent seven, fab four, or whatever. it is time -- i am looking for anything to steer me away from that. the russell 2000 suddenly outperforming is interesting." peter joins us around the table for more. is it more than just interesting? is it the real deal? peter: i've been thinking about this market as anything deputized into ai has been driving the market. for the last week the russell 2000 is little bit better. people are starting to say maybe banking is ok, commercial real estate, biotech has had its ups and downs. unlike november when we saw the rotation with strong gains, this time we might get tepid gains in the russell 2000 and a small pullback in the nasdaq. jonathan: is the rotation about losing less or making more? peter: i think it will be about losing less. where a lot of the froth is his in the nasdaq 100. it is really unchanged in about a month. it keeps coming up. maybe it is a new high. unlike the s&p. there is room fo

may be 4.6 on the 10 year they are starting to look more attractive, but if you listen to peter tchiry the haven of yore is not the haven of now. jonathan: gold apparently keeps sitting all-time highs week after week. goldman sachs in the premarket positive by 3.66%. beats across the board, advisory, sales and trading revenue. morgan stanley reporting tomorrow morning. that stock is up 1.35%. lisa: fixed income currencies and commodities, sales coming in at $4.3 billion versus the expectation of 3.6. people are seeing a revival of the trading industry, banking industry especially with the balance sheet behind that. are they just taking share from other places, taking share back for some of the private asset managers who are facing higher cause to raise money? jonathan: pretty incredible execution from goldman sachs this morning. we will catch up with national security council coordinator john kirby. we will speak to new york fed president john williams as markets price out fed cuts. and tom porcelli reacting to retail sales due in about 45 minutes time. retail sales data 30 minutes aw

the latest from peter tchir saying "iran's attack last week was meant to be more successful than it wasore sense. iran cannot afford to have another attack fails miserably as last one in likely needs time to analyze what went wrong and what can be done differently." there's a sense from people who specialize in this stuff that things are contained and the threat of escalation is subdued going into the weekend. where are you in the team now on the energy market and energy equities as they are somewhat related to developments between israel and iran? nadia: we did recently lift our expectations for brent by five dollars across the board. now looking for $91 for brent for june and september. we recognize there is geopolitical risk premium built into oil prices. our change is due to fundamental factors. we have a modestly positive view on oil. we are expecting brent to trade between 85 and $95. demand remains intact. we are seeing strong japan -- we're seeing strong demand from oecd countries. we think the country -- we think russia will shift attention -- we are expecting a higher complian