RUSH TRANSCRIPT Investor sing ░░░░░░░░ and 2023 A well ░░░░░░░░ will be popping more ░░░░░░░░ and the new year ░░░░░░░░ Edward Lawrence and for ░░░░░░░░ Cavuto and this is ░░░░░░░░ special edition of your ░░░░░░░░ A special edition with ░░░░░░░░ with all three major ░░░░░░░░ surrogate with rate hikes ░░░░░░░░ the Fed and price ░░░░░░░░ that had customers scrambling ░░░░░░░░ with inflation grueling and ░░░░░░░░ rate cut possibly coming ░░░░░░░░ s ask at the ░░░░░░░░ year s money panel ░░░░░░░░ months and from portfolio ░░░░░░░░ advisors and casper from ░░░░░░░░ market strategist and stone ░░░░░░░░ which I love that ░░░░░░░░ by the way Let ░░░░░░░░ start with you Where ░░░░░░░░ the market go in ░░░░░░░░ Let s will look ░░░░░░░░ earnings are going After ░░░░░░░░ the estimates drop down ░░░░░░░░ still have about depending ░░░░░░░░ the U S 10 ░░░░░░░░ growth going into next ░░░░░░░░ So if you take ░░░░░░░░ where it is now ░░░░░░░░ if we can grow ░░░░░░░░ another 10 of them ░░░░░░░░ think we can get ░░░░░░░░ into the 5 000 ░░░░░░░░ maybe the end of ░░░░░░░░ year But I think ░░░░░░░░ will see more up ░░░░░░░░ year Just remember it ░░░░░░░░ be a little rocky ░░░░░░░░ think investors aren t ░░░░░░░░ aware that if we ░░░░░░░░ in a little hot ░░░░░░░░ of inflation and sinking ░░░░░░░░ a rock you will ░░░░░░░░ more volatility and people ░░░░░░░░ lose hope I think ░░░░░░░░ lost hope has a ░░░░░░░░ to provide hope We ░░░░░░░░ this for next year ░░░░░░░░ Catherine 2023 we saw ░░░░░░░░ rise of aei and ░░░░░░░░ m not talking about ░░░░░░░░ way but the rise ░░░░░░░░ the machines but the ░░░░░░░░ boom for a Big ░░░░░░░░ Microsoft Amazon Google ibm ░░░░░░░░ that continue Well let ░░░░░░░░ hope it continues because ░░░░░░░░ of the S P ░░░░░░░░ is comprised of those ░░░░░░░░ companies But look the ░░░░░░░░ bet for the S ░░░░░░░░ 500 if it continues ░░░░░░░░ move higher is broadening ░░░░░░░░ of what we see ░░░░░░░░ 2023 which is really ░░░░░░░░ magnificent set and running ░░░░░░░░ table in terms of ░░░░░░░░ equity move higher With ░░░░░░░░ get broadening out and ░░░░░░░░ the Fed is able ░░░░░░░░ merge move this scenario ░░░░░░░░ end with inflation 525 ░░░░░░░░ points and five percentage ░░░░░░░░ of hikes without inducing ░░░░░░░░ and unemployment rates are ░░░░░░░░ it could move higher ░░░░░░░░ year Edward that would ░░░░░░░░ very interesting And do ░░░░░░░░ think AI still leads ░░░░░░░░ way You say AI ░░░░░░░░ and the company stocks ░░░░░░░░ 2023 but do you ░░░░░░░░ that continues or do ░░░░░░░░ have to be results ░░░░░░░░ that this is how ░░░░░░░░ is growing my business ░░░░░░░░ AI has to deliver ░░░░░░░░ It has been the ░░░░░░░░ in every company earnings ░░░░░░░░ talks about aei because ░░░░░░░░ is the cool thing ░░░░░░░░ talk about right now ░░░░░░░░ stock price moving higher ░░░░░░░░ have seen productivity gains ░░░░░░░░ well But productivity to ░░░░░░░░ to move higher come ░░░░░░░░ think we need to ░░░░░░░░ execution not just talk ░░░░░░░░ adoption of AI Up ░░░░░░░░ this point large magnitude ░░░░░░░░ talk about it but ░░░░░░░░ haven t deployed it ░░░░░░░░ full magnitude Edward so ░░░░░░░░ artificial intelligence we have ░░░░░░░░ first lawsuit from The ░░░░░░░░ York Times suing Microsoft ░░░░░░░░ openai for using thousands ░░░░░░░░ intellectual property to teach ░░░░░░░░ to learn Will therapy ░░░░░░░░ AI reckoning and 2024 ░░░░░░░░ you think I think ░░░░░░░░ will be because this ░░░░░░░░ going fast I woke ░░░░░░░░ this morning not that ░░░░░░░░ over and I didn ░░░░░░░░ drink that much champagne ░░░░░░░░ night but when I ░░░░░░░░ thinking about what are ░░░░░░░░ things that will surprise ░░░░░░░░ in in the stock ░░░░░░░░ question market is not ░░░░░░░░ Fed right The number ░░░░░░░░ thing what if we ░░░░░░░░ major lawsuit with AI ░░░░░░░░ what if Congress tries ░░░░░░░░ get in there I ░░░░░░░░ those lawsuits will be ░░░░░░░░ I don t think ░░░░░░░░ will have we will ░░░░░░░░ have the same type ░░░░░░░░ totalitarian Congress system that ░░░░░░░░ has Now if we ░░░░░░░░ in Europe come I ░░░░░░░░ be a little bit ░░░░░░░░ But here in America ░░░░░░░░ courts have always backed ░░░░░░░░ Big Tech big businesses ░░░░░░░░ m not saying that ░░░░░░░░ good I m saying ░░░░░░░░ is the most likely ░░░░░░░░ to have going forward ░░░░░░░░ can get around a ░░░░░░░░ at that but to ░░░░░░░░ the internet and take ░░░░░░░░ human knowledge incredibly fascinating ░░░░░░░░ cat and mouse game ░░░░░░░░ AI will be faster ░░░░░░░░ I want to move ░░░░░░░░ We go to inflation ░░░░░░░░ and kathryn I want ░░░░░░░░ ask about inflation Do ░░░░░░░░ think the Fed thinks ░░░░░░░░ in 2025 but do ░░░░░░░░ think we see softening ░░░░░░░░ inflation core inflation specifically ░░░░░░░░ food and gas prices ░░░░░░░░ Fed is going to ░░░░░░░░ next year appear the ░░░░░░░░ is when and why ░░░░░░░░ the way is the ░░░░░░░░ important So if this ░░░░░░░░ inflation inflation moving lower ░░░░░░░░ actually deflation Prices aren ░░░░░░░░ dropping but rising at ░░░░░░░░ slower pace If that ░░░░░░░░ without rollover in the ░░░░░░░░ market a soft landing ░░░░░░░░ think that is less ░░░░░░░░ than some sort of ░░░░░░░░ of activity which would ░░░░░░░░ inflation back to 2 ░░░░░░░░ I doubt we get ░░░░░░░░ the 2 target next ░░░░░░░░ or the following year ░░░░░░░░ Fed cuts next year ░░░░░░░░ the cause of inflation ░░░░░░░░ moving closer to the ░░░░░░░░ or because recession a ░░░░░░░░ things we have to ░░░░░░░░ into account Right now ░░░░░░░░ markets are praise to ░░░░░░░░ perfection but all that ░░░░░░░░ money from the federal ░░░░░░░░ during Covid that is ░░░░░░░░ up That will be ░░░░░░░░ in the first half ░░░░░░░░ next year They are ░░░░░░░░ to start to pinch ░░░░░░░░ U S consumer is ░░░░░░░░ the brunt of still ░░░░░░░░ inflation labor market rolling ░░░░░░░░ having to repay their ░░░░░░░░ loans that they took ░░░░░░░░ the peer that started ░░░░░░░░ October of last year ░░░░░░░░ you have 30 seconds ░░░░░░░░ I have 100 to ░░░░░░░░ on a stock What ░░░░░░░░ what company do you ░░░░░░░░ a year from now ░░░░░░░░ Believe it or not ░░░░░░░░ still have to be ░░░░░░░░ in America stocks I ░░░░░░░░ it But if I ░░░░░░░░ to have a buck ░░░░░░░░ am hedging 0 50 ░░░░░░░░ the NASDAQ 100 appear ░░░░░░░░ other 0 50 and ░░░░░░░░ cap value There is ░░░░░░░░ ton of atfs with ░░░░░░░░ cap value Those banks ░░░░░░░░ tanks and cranks real ░░░░░░░░ things moving upward but ░░░░░░░░ at the end of ░░░░░░░░ day the big growth ░░░░░░░░ growth moving the needle ░░░░░░░░ the big overpriced tech ░░░░░░░░ and nothing we can ░░░░░░░░ about it Edward kathryn ░░░░░░░░ Lee Lee I feel ░░░░░░░░ with the signs back ░░░░░░░░ Is that me drinking ░░░░░░░░ night?
>> New year cheer.