Core Viewpoint - Morgan Stanley indicates that the worst is over, projecting the S&P 500 index to rise by 14% to 7800 points by 2026 [1] Economic and Corporate Earnings Outlook - Corporate earnings expectations have rebounded significantly, with the S&P 500 earnings revision breadth dropping to -25% in April and currently recovering to around +15% [1] - Slowing wage growth provides room for expansion in corporate profit margins [1] - Consumer demand is expected to accelerate, with companies demonstrating stronger pricing power [1] - Following the Federal Reserve's interest rate cut in December, the team anticipates two additional rate cuts by 2026 [1] Market Sectors with Growth Potential - Non-essential consumer goods stocks are expected to perform well, despite the firm maintaining a "underweight" rating on this sector for four years [1] - Small-cap stocks are likely to benefit from cyclical trends and declining interest rates [1] - Financial stocks may see improved growth in commercial and industrial loans next year, which would be favorable for the banking sector; additionally, the earnings revisions, valuations, and holdings in financial stocks are considered attractive [1]

Let's uh get into uh our next segment here. We're going to bring in Joe Mazola, head trading and derivative strategist here at Charles Schwab. Joe, I wanted to get your uh impact here of markets.We've seen we're on a five session win streak if we can close positive today. Pretty healthy snapback rally. I mean, are you a believer in this or uh should we just kind of ignore that volatility that we saw earlier in the month and hey, it seems like it's just risk on trading again.>> Uh can it be both, right. Can ...