david westin speaking with brian moynihan. let's continue the conversation on markets. talking about targets for next year. let's bring in the chief investment strategist at janney montgomeryrn next year? what is your target on the s&p? >> i think we get more of the same. at the same time it will be an even more uneven process and investors will have to strap in and experience volatility between now and the end of next year before seeing what we forecast. like you, it sounds like hurting a little relative to other strategists. we penciled in 6600 on the s&p. expecting more muted gains, certainly more than we had the last couple of years. it is unrealistic to expect another year like this. we still have investors -- rates, inflation, any number of different things that lurk out there. alix: what do you like and that call? is it all about tech, small caps? >> so much is dependent on the small-cap rally as to where inflation and interest rates go. we know it is kryptonite for a company stocks. we had a bit of a tease with the small-cap rally that has given back pretty substantial gains the last few weeks. ultimately, if we see a more benign environment, maybe not substantiall