 here's something we haven't seen in a while right some good news positive week for stocks we like it the Dow Nasdaq S&P 500 all higher after a wild it was a very well wild and volatile week of trading it's all coming with China now allowing us rice imports for the very first time ever maybe a bit of a thought perhaps in those trade tensions could that actually help get stocks back on track as we head into the new year we are asking our market watches right now for you was Armo Alan Knuckman and Jim LeCamp good to see all Jim starting with you what are you thinking I mean it's been really volatile and pretty scary for some people but is it going to change come January because let's not forget the economic fundamentals are pretty good economic fundamentals are pretty good good to see you Trisha the look loan officer surveys at the banks say that things are going pretty smoothly there retail spending is on the upswing after many years of doing nothing business spending is still pretty good leading and lay and coincident economic indicators all pretty strong so the economy is doing pretty good we're going to probably have a 2.4 percent GDP quarter which is not as strong as the first six months but is still a pretty good quarter and we are going to have the end of tax selling which is now officially well we have maybe another half day but it's pretty much over now you think that's one of the big reasons we've seen some of this downside yeah so listen now we had all these stocks that made these big multi-year moves where there's Facebook Apple Amazon I mean you can name them all that had these really big multi-year moves people held them over two or three years and then they finally sold them this year so they were incurring massive capital gains at a time where the market really wasn't doing anything so you had a lot of tax selling to offset those gains now you overlay that with the Fed that pretty much spit the bit in many people's eyes when they when they came out for the December meeting and the press conference which didn't help either you have what seems to be a presidency that's even more unpredictable than we thought in the first place and it makes you know that's how you're seeing that fall so let me get over to Alan for a second though because Jim just brought up the Fed and you know right here's what I would say about that sometimes I think there's too much of a concern or a focus on the Fed when there should actually be a bigger concern on the Democrats coming into the house because look if our economy's strong and we're doing well I think we can handle a quarter point I mean it may not be ideal right but we can handle it what I don't think that we can handle is Maxine Waters going after all the banks as she's promised she will we don't want to hear more of this rhetoric from the likes of Nancy Pelosi and we don't want more investigations that are on their road to nowhere but yet that is what we're going to get so could the change in house leadership in your view Alan be affecting the markets well anything's possible I focus more on price than politics which is hard to do these days I really like the price action this week we made new lows and yet we had a higher weekly close so that's a positive and we're seven percent off that bottom to get back to interest rates we're still at extremely extremely low levels at two and a half percent so you know yes we're not that freaked out by the you know quarter point move here quarter point there no not at all and if you look into the future that's what these markets are my shoulder do there are no rate hikes until all of 2019 so I think that issue can be set aside and we can focus on what's important earnings growth and we're looking for about a 13% earnings growth would be the fifth quarter in a row of double digits earnings growth coming up here so who wants to complain about that I mean Melissa this is good stuff right I mean there's a lot of fundamental economic growth going on it looks like we're going to continue to see a rising quarterly earnings so why is everybody freaking out everyone's freaking out probably because of the reasons that you mentioned Trish on your show last night you talked about it the Democrats are taking over the house in January so are they going to get rid of the tax cuts that are in place for corporations is there going to be more regulation and not only that are they going to attempt to impeach Trump and I think the market is scared about that now I still am bullish on the market for 2019 but you've seen a lot of selling for many many reasons and part of it is what you had mentioned on your show last night I definitely think that people are either taking profits or selling out of their losers because they don't know what to anticipate with 2019 long-term I do believe the market makes brand-new all-time highs again but we're we're staging a late rally here I called a New Year's Eve rally I thought we'd have this but we fell off so much in the last two weeks that we're not going to even come back neutral before where we started and open on the air which was about 24,800 of the Dow we were about 23,000 around today where I don't we're not going to make it in a half day the markets trying but we're really running out of time I got it I got to commend you for watching the show thank you so much and for agreeing with my opinion I do think that that's gonna have an effect on things even bigger than the Fed anyway Melissa good to see you thank you so much jayman always a pleasure happy new year blizzards flooding freezing rain you name it it's all out there we're gonna catch you up on this crazy weather see here