let's bring in cameron dawson of new edge wealth into the conversation. all right, cameron, i'm not going to ask you to grade the fed because i want to know more of your market view here after this incredible run we've had, and what it means, not only for as we turn the calendar, but more substantially into 2024? >> yeah, i think professor siegel's base pace of the 10% to 11% isn't unreasonable at all. it's effectively saying we get earnings growth, that earnings going from 24 into 25, 10% to 11%. and then acknowledging the fact that from a market capway to bases, you're already at the high end of prior ranges evaluations at 19.8 times. if we look on a forward basis, there's only been two times in history over the last 30 years, meaning we've been over 20 times. it was during the covid policy era kind of bubble. and then the internet tech bubble. so we don't see a lot of upside to evaluations. we think that you could possibly see some upside to earnings growth. we aren't thinking there is upside to gdp estimates for 2024, which could lift earnings estimate

we'll get cameron dawson's playbook for 2024. stephanie link with us ahead of nike earnings.f the number. jimmy, you recently sold it. it will be interesting to see this one. >> we have to look for are inventories coming under control, which means pricing is getting better, and are there any hints from china? that's what you are looking for. >> so we'll walk you up to the release of nike and o.t. in a couple hours. josh, final trade from you, please. >> staying long zoom. >> all right. thank you, sir. farmer jim? >> oracle. this is now a classic value tech. it's attractively priced. it got hit after the last earnings report. when that happens, the stock needs to consolidate. i think that consolidation is done and it's ready for another leg higher. >> i gave micron -- another memory play here, very cyclical, western digital. they're restructuring debt in a lower rate environment. these names should perform. >> what do you think? >> booz allen. it's an industrial that's underperformed this year. a consultant, they focus on defense department, cybersecurity. we think this is a g

let's ask cameron dawson she's in chief invested office for new age wealth, here wit me on set. good to see you out here >> good to see you >> anything change for you, by virtue of what was delivered today in the jobs report >> i think that nothing really changed. however, what we're not gettin is confirmation that data is falling off a cliff. it just means if we think abou the hundred 20 basis points of cuts that's being priced int markets, maybe that's a little bit ahead of itself. but when we think about th funds going into next week this data doesn't really chang whether or not the hike. we don't think they will hike, but it means that they probabl won't endorse the fed cut path of the bottom -- >> i mean, - it's probably a little aggressive, do you think that was three meetings from now. but even if that is aggressive the implication is that the fe is going to cut in 2024, tha the hikes are done, and th report today, just underscores for many that they soft landin is in play >> yeah. we're living in the supe goldilocks world, where we'r continuously threateningly thi needle

more on the markets as investors wait for the decision on rates later today, i want to bring in cameron dawsonthe markets, four days in a row of gains now and all four of the major averages at their highest levels for the last 52 weeks, you think the market is starting to feel a little overbought here? >> yeah, if we look at measures like the rsi, clearly we're now in overbought territory. what is interesting is we got there back in november. but we were able to digest that with time. so being overbought doesn't necessarily have to be a very negative thing. but it is important to note that we have moved very far, very fast to the upside. one of the things we're watching very closely is we move into '24 is if markets remain strong, we continue to drift higher, where does that leave us on things like positioning and sentiment? we're in areas where positioning is overweight, but not extreme, sentiment is optimistic, but not yet extreme. but we are nearing those areas and likely that could become a very important watch item for 2024. >> does it feel like there is a little bit of fomo out there, fe

sarah: those multiples are not in the textbook but they had fantastic earnings this year and cameron dawsonn quick to point that out. the question becomes can they keep that up and if the delta is negative. if the rate of change is negative so i'm growing less fast. -- growing less fast, do i deserve that 30 or 50 multiple. i don't know the answer to that question? lisa: i like that you are honest about this. we have seen these projections about this is what we expect to happen in 2024 and 25. if you had to, what would you be looking at towards the end of next year? sarah: one of the things that's been surprising is with the strength of the labor market you haven't seen wages increasing as fast as people predicted they would. when people say the labor market is still very strong but wages aren't increasing that much. if we can keep that pretty low and you don't see as much wage acceleration than that will help on the margin side. there is a tension to that. inflation may be coming down but going to the supermarket doesn't feel better for anybody. those of the things for people to say it won