curve maybe back to 30, 40, 50 basis points that can kick start a little bit of a refi activity. >> tony dwyer, good to see you good thing we had tony ready to go just when we needed him grasso, what do you make of tony's call? >> i don't know, i love tony >> but. >> i think if we sell off a little bit -- >> that sounds like you're covered. >> you're saying that he's just cya. >> god bless his soul. >> and i'm saying it pretty much right to his face, but i think that he definitely covered all his bases. i'm looking for -- >> he's running out of here. >> i'm looking for weakening of the markets. for everything that tony said, put it up to the mirror and i think that's the right answer. >> that's a pretty harsh assessment of the guest that's still in the house. >> i thought you couldn't buy the guest but now he's coming back. >> i didn't hit anybody. i'm sitting minding my own business. >> you did say it was going to pull back a little bit, it's going to hit highs. >> if you don't expect to pull back -- >> i've never done this. i love this. >> we come out and say we're going to correct it's not

no worries ahead according to tony dwyer and d.j. sol. where do you fall?economy will keep chugging ahead as long as people keep spending money, the economy will be chugging ahead 73% of our economy are people buying things at d.j. sol's holiday party or whatever he spins disks on the weekends. they're buying their drinks and their coffees. that's the u.s. economy. that can turn on a dime, and you saw hints of it in october and november people will stop spending if there's a market disruption, which is why the fed probably needed to do what they did but i am so -- no, i mean, u.s. consumer debt to gdp is now north of 50% a ridiculous level skprs, and corporate debt is approaching that also a ridiculous level. >> so you're worried despite d.j. sol, despite tony dwyer. >> i think it's right to be concerned about debt level, especially in a slowing economy. that's where you run into the problems we talked about what happened to the leverage loan market, we should be continuing to watch the leverage loan market the high yield market back to where we were at the

tonight on "fast" stocks feeling the heat today, but don't worry, tony dwyer is here and says new highss twitter tanking nearly 10% as it changes the way it uses its user base we'll tell you what has wall street so worried about the social distortion. >>> first, do you feel that? >> what was that >> trade tremors sweeping across wall street as president trump says that he will not meet with president xi ahead of the march 1st trade deadline the dow sinking nearly 400 points at th

despite the drama, one market strategist believes new highs are on the way joining us now is tony dwyerat post nine. lay out this case. why do you think we're going higher >> because the fed actually -- in october, we definitely didn't think it would be down 20% in the fourth quarter when fed powell said in october he thought it might be different this time because of the buying of the treasurearies for the balance sheet, it was artificially suppressing the long end he almost indicated he was willing to invert the curve because it's, quote, unquote, different this time. yesterday what got missed was on the written side where he said that the actions that they had taken had an impact that made them want to be patient. it was one of those factors that were in there. we went from making a policy communication mistake because of the flatness of the curve to basically saying that he's not going to invert the curve, which means that credit is not going to shut down and, truly, that is the bull case. >> so the bullishness comes from what the fed has done. >> absolutely. >> can they go further

down at least 10,000 points by now we're heading up, up, up joining us today, noah weisberger and tony dwyer you guys. welcome. >> morning >> hey, carl >> certain things go right, what's the likelihood we cross into that territory? >> i think we're climbing the wall going back to the start of the year fourth quarter was an anomaly that we bounced quickly and the climb will be tough. a 2950 target. 6% to year end it's going to be a slog get something relief on trade would be a bit of a boost but we'll have to deal with some data slowing but not drastically. >> what's your view on -- i assume the trade resolution would have to make for a relatively modest picture in earnings growth. >> so we have modest earnings growth don't have an earnings recession which is a big worry for our clients and big topic of discussion we don't have it in our numbers. we can't put it in as a boost. resolving that uncertainty would be helpful and we think earnings growth should be slowing but it should not yet be a negative >> what do you think markets are pricing in regarding china trade and now increasingly europ