julian emanuel. what do you think? >> it's interesting. when you say it through the way he says it, very measured, makes a lot of sense. people at home -- problem, of course, the people that say, yeah, i'll be a buyer down 15%, 20%, when it happens, it is always a lot scarier and for reasons you never envision. those people would be like, sign me up, when we do, in fact, if we get there, will be the ones going the other way. i think he is exactly right in terms of his prognostications for next year. i actually think maybe a little bit lower in the first half of the year, but it's reasonable to think, we're right back where we are now at the end of next year. >> yeah. and he mentioned other parts of the world, it's interesting, dax went to all-time highs today. you have japan where, you know, what's going on with monetary policy and the boj, probably pretty good for japanese equities. >>> coming up, we're watching oracle afterhours. shares on the move after reporting results. the details on that quarter and how to trade that name. >>> plus,

julian emanuel calling for the s&p 500 to in next year at 4750, where we are now.llback in the first half that will take the index to 3970 and a rally kicking in prior to the 2024 election based on the recession trough and inflation falling to 2%. julian i'm glad to say is doing is now. you are calling for a big drawdown. does that mean you are against what we are seeing now? >> in the context of typical drawdowns, it is not a big, would you tend to see most years . you did not see it in 2023, which is why we have this great feeling and momentum in december. look, the message we got from the fed was very much an all clear. the markets responded in kind but when you think about that and go back to july, when we had the interim peak at the time of the last hike cycle. there was a diminution of the wall of worry. that does not exist now. even if you manage to skirt around the recession, which is possible, and the data does not show we are in imminent danger, but if you do, there will likely be a scary time just because there is so much optimism in the markets now. lis

julian emanuel has a price target of 4750 and joins us at post nine. now and end of 2024? >> the market will do plenty between now and 2024. >> your target. >> that's true. from our point of view you think about it, it has been an amazing year in the last month and a half. no question about that. and look, what we see is, again, and you mentioned this, you know, the statement now, nothing can go wrong, and so the way we think the market is priced is that whether it's inflation running slightly too hot, the economy running slightly too cold, or earnings, frankly, prior to the last couple weeks, there's always been this knowledge that earnings system were likely going to come down, and too high for 2024, and that makes sense. but there is now a belief that that may not be the case. we think things are very, very fully priced here, and the disappointment is, is that something doesn't go less than perfectly, and you get a typical selloff. frankly the typical selloff in an average nonrecession year is 13%. >> i love the statement which is why i quoted it th

emanuel y su hijo... lupita: han sido imagen de "la virgen de guadalupe". maria: precisamente esta noche maÑanitas con el especial de univisiÓn vamos a estar transmitiendo junto con juliÁnÍ y apoyando. el otro dÍa se metiÓ un colibrÍ en la casa. fue muy extraÑo. nunca se meten en la casa. no querÍa salir. sÍ han habido seÑales. la madre de mi tÍa dijo... juliÁn siempre va a estar con nosotros. obviamente, conmigo hasta el dÍa que yo me muera. dicen que parte de las cÉlulas de los hijos se quedan en el corazÓn de las madres. estÁ cientÍficamente comprobado. estÁn sus cÉlulas en mi corazÓn hasta que deje de latir. >> cÓmo fuese momento del colibrÍ? maribel: se metiÓ un colibrÍ en la casa y no se salÍa. >> se me hizo muy extraÑo. nunca se mete un colibrÍ en la casa. es raro. >> estÁ esa creencia que los colibrÍ traen el alma, el recuerdo. maribel: la experiencia que tuve de ver a mi hijo que lo vi a travÉs de la virgen nadie me lo contÓ. yo no creo en brujas, no creo en esas cosas, en la magia, pero creo en lo que yo vi porque nadie me lo contÓ. lo vivÍ. lo pude experimentar. fue a travÉs del rosario. fue una experiencia hermosa. sÉ que mi hijo estÁ bien, pero el egoÍsmo d