Joining us now is Abby Joseph Cohen, Columbia Business School professor and retired Goldman Sachs partner. And great to have you. On the day that we crossed through the 7000 threshold on the S&P 500, I know it doesn't mean a lot fundamentally, but it is a big round number.And I wonder what your take is on this continued a i boom. You know, a small CEO said just now his customers are starting to realize that it's sustainable and so are aggressively building up their equipment. Well, I'm delighted to be here ...

Well, joining me now, Scott Croniner, US equity strategist at City. Scott, it's always great to speak with you. Uh, and let's start right there, especially on a day where the market seems to be pulling back from session lows here to to do an about face.You like the small and midcaps. Why. >> Well, Morgan, I think there's a couple of things at work here.What we're arguing is that as we go into the end of this year, the market is increasingly paying for 26 earnings growth expectations. We certainly going to g ...