keith lerner of truist. >>> last chance to weigh in on our question of the day. will tech resume its rally and outperform in september? the results after the break. >>> the results of our question of the day, we asked will tech resume its rally and outperform in september and the majority of you said, yes. it will. two-thirds as a matter of fact. speaking of tech, alphabet shares rallying, we'll tell you what has the tech giant soaring and what it coulme fd anor rest of that sector, that and much more when we take you inside the market zone. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. the citi custom cash® card a different kind of card that automatically adjusts to your spending earn 5% cash back on your top eligible spend category up to $500 spent each billing cycle learn

joining us truist co-cia keith lerner. ith, you're still in the slowdown camp for later this year. >> great to be with you. the economy has been extremely resilient, but there's this tension between the fiscal dominance and monetary policy that's still, you know, tight and likely going to move tighter. we still think things are slowing down but in the near term, you look at the atlanta gtp, we're looking at a strong quarter but we think those rates will weigh on the economy later this year. we also continue to see some tightening in the lending standards as well. >> i see some lags out there. what are some other things you're focused on. >> well, more broadly for the market, you know, we came into august thinking the market on a short-term basis was somewhat stretched and vulnerable to some type of corrections in time, meaning moving side ways or price, pulling back. we're seeing a little bit of both. i think the challenge be for the market right now is there's a lack of catalyst. we just got through the earnings season. an

that rally just a few minutes we'll hear from francisco blanch we welcome cal ron causing and keith lerner, both here. good to see you both we can frame this, cameron, as this is perfectly routine, the s&p had a total return of 20% in just, it's very normal if it's a bull mark to have this happen, maybe even something deeper. on the other hand, we haven't benefited from further evidence that maybe we have an economic soft landing so take your pick. >> i think it's the combination of all those things. we think it's probably right to start asking the question, did he wit the valuation ceilings. they were up 50% from the october lows, so how much further could they run the certain aspect is yes, we've had the earnings beat, but they haven't resulted in earnings revisions higher, soens comer in better than expected, but we're not raising estimates, which help to point to this sidewayings chop >> it's certainly consistent, but you have folks from either side saying we have no landland. it seems as if we might have a reacceleration in the economy, so what does the fed do? that's the fire scenari

jonathan: keith lerner and oksana are enough -- oksana ar anov.se spreads and then we had the collapse of svb. 100 basis points and here we are all the way back down to about 390. amazing trip we have been in the credit market. lisa: it has defied all markets. the why is where people are focusing on. jonathan: that conversation still to come. the equity market on the s&p 500 positive by 0.2%. a quiet-ish start to the week. cpi a few days away. from new york, this is bloomberg. ♪ tom: berg surveillance. good -- bloomberg surveillance. lisa abramowicz looking at her l.l. bean catalog on the break. michael mckee, international economics and policy. cameron dawson, with jim beyonca in the background. true american heritage. what are the size of the deer flies? michael: they are not too bad i did not go this year in all truth but i imagine i was well represented. the bugs are not too bad up there. tom: the debate that has been made and we make jokes and there is a picture of the sturgeon that cameron dawson caught but there are he did debates. give me

jonathan: mike mayo 30 minutes away, keith lerner is just around the corner.s is bloomberg. oh booking.com, ♪ i'm going to somewhere, anywhere. ♪ ♪ a beach house, a treehouse, ♪ ♪ honestly i don't care ♪ find the perfect vacation rental for you booking.com, booking. yeah. >> the china stimulus narrative is one the markets have loved and embraced and we are getting a reality check on that. all of the news of stimulus has pushed inflation expectations higher end of that has become a big problem for the fed, who has not yet claimed victory on inflation. jonathan: that was the co-chief investment strategist, goldman sachs looking for a rate cut may be as early as next year. let us see about that, will we get stimulus from the likes of china? pushing back all your against this, saying this this morning. we stay unexcited by china exposure despite periodic bounces. that has been the pushback from j.p. morgan, the investment bank. they had a difficult year, i would say they've been pretty decent when it comes to calling china and what has and hasn't developed over th

jp morgan asset management, christian of lafayette college, keith lerner of truest.ith your equity markets slightly positive on the sep -- on the s&p with the adp delivering a slight downside surprise. >> i had major troubles saturday. i don't know what to do. i have uva football and then i have lawn so. >> easy. >> even you are not going to watch. >> do i big little them? >> give me a break. >> kaylee does not want -- does not watch uva football. >> plead the fifth. from new york city, this is bloomberg. ♪ my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-ef