professor jeremy siegel, back with us in a minute. christina is here of invesco and stephane link of hightower advisers as well ladies, good to see you. you want to pick up with what i was talking about with the professor? he is obviously bullish, when i said 10 to 15% that rick rieder suggested, he didn't say it sounded ridiculous what does it sound like to you >> it sounds like it can very well happen this year. clearly the trajectory is up for stocks because we will see rate cuts, and it's not just about the fed. we have major central banks around the world that are going to be cutting this year. probably starting very soon. and so i think that that momentum is going to be a real positive for the stockmarket and we'll be supportive of -- and then of course with the yields higher, i think we're going to be able to get some nice money coming from bonds as well there is an environment that i think is almost the antithesis of what i would call the difference of 2022. >> we learned this week that again we are still sensitive to high rat

and now at 27.30 3:00 eastern time closing bell, got a good one jeremy siegel is joining us.nal stretch today. let's do final trades. >> and utilities, i didn't have ai driving utility demand on my bingo card for the last couple years, but we see it and also have electrification. >> farmer jim. >> applied materials the best of both worlds. industrials as well. >> and gdx it could be their time to shine. they are looking to close the week on two year highs looking good for metals. >> and taiwan semi >> why did you look at me like that >> because you treated me with -- >> but you have-wise >> and taiwan numbers say 50% up year over year quarter to quarter up 29%. and jim is enjoying me, thank you, jim >> and you can stop now because we're done t"the exchange" is now. >>> and hi everybody welcome to the exchange. i'm kelly evans. here is what is ahead. is the ipo reopening real? check out what is happening. is google's ai strategy a big week for them next year, but all hinging on just one man? we'll find out more. and we've been waiting on something big from apple and they crush

intact and more gains, we will ask our experts over the final stretch including the wharton school jeremy siegeln us momentarily. in the meantime, take a look at the score card, with 60 minutes to go in regulation, we got a pretty decent bounceback for stocks today following some revisions to inflation expectations that sent yields reversing lower.oc

joe, back to you. >> rick, i don't know if you heard jeremy siegel.eason we got to the 40-year high inflation, was demand, the demand -- whatever because of all the spending, can we assume, then, it's under control now? inflation? because all of that spending is being used up? i felt siegel, half of that stuff hasn't even been spent yet. why so sure that inflation was going to behave like we think it's going to behave do you think powell's right? >> i like these high fastballs, joe. thank you. long as government spending continues to be rampant throughout the system, i think you're going to see large pockets of inflation that become structural in nature a a lot of them indirect and direct offshoots of policy coming from d.c. in addition to that, there's areas of the economy where service issued related, of course, are sticky with regard to inflation and i think the only salve the federal reserve seems to be able to apply just doesn't help no a good ointment for the structural issues keeping prices high once again, joe, i continue to go to some of thes