new commentary from wall street on the end of year outlook tpfor the s&p 500, and joining us is scott chronertget is 4,600 on the s&p, scott, so why do you remain constructive as the risks pile up >> we are getting the fundamental response we were expecting with the q3 earnings, and the surprise element, what we think it will translate into is an earnings lift in terms of the full '23 year end numbers, and it sets the stage for what we think will be a 2024 earning picture, and in terms of issues here, i think we are confronting clearly the geopolitical situation in the middle east along with high interest rates, and those are shorter term roadblocks, and we think from an intermediate term perspective, it's set for a good next year. >> do bond yields have to stop going up for you to stay bullish? >> yeah, the process of evaluation between stocks and bonds and it's an issue we have been highlighting for several months, and the latest 100 basis point move is clouding the picture, and we think it's keeping money on the sidelines in short terms fixed income, and at some point it should be a source

city equity strategist scott chronert is sounding the recession alarm and says it might not necessarily