positive economic data in the coming months, is the market due for a while ride let's bring in ron insana, as -- and jamie cobbles, managing partner -- >> less than 30 days away. >> that's right. i think the question for the afternoon is this, jamie let me begin by asking you this -- is the momentum in the economy, in the ration neighbors trade, the reopening trade strong enough to propel this market higher you even in the face of rising interest rates. which will win out between now and year end, which is the stronger force? >> i think gdp growth already wildly more important. what you will see probably happen is interest rates sort of moderate where they are around here i don't see them climbing wade -- a lot more from here, but i do believe that what you're going to see is a massive surge in demand that we've been waiting to see for some time you'll see economic data in prints you've never seen before, like 900,000 job gains or a million job gains. these will take gdp growth levels we thought we wouldn't see under 2023 o. 2024 people need to realize there will be a lot of money in the

our friend ron insana writes that elements of the bill will lead to a broad are bull market. ron, in reading your piece yesterday -- i actually read it today -- you point out this is not just a big piece of tonnage, but it represents a seismic shift in the way fiscal policy has been managed over the past several decades. explain what you mean and why it's so important. >> i think, tyler, we're going broadband 40 years of trickle-down economic theory in which tax cuts and other adjustments to fiscal policy were resumed to have started in the financial markets and made their way into the real economy and ultimately would lift the entire citizenry instead we're going to bottoms-up budgeting, in which we're seeing this particular plan as something that addresses the underlying needs of the economy that i think have long been ignored those who have fallen into poverty, those long-term unemploy or those disproportionately affected from an economic per spect, that's being addressed. when you add the stimulus, we have really reversed policies away from trickle-down to bottoms-up i thi