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app. We begin this now with stocks on the brink of all-time highs with a slew of data on deck.

Marvin Lowe of State Street writing the following. We still find the current environment remaining conducive for risk. Rotate America, not sell America, which puts treasuries and the dollar most at risk. Marvin joins us now for more. Marvin, good morning. Morning. 15% for the year ahead. No, you push you back. I don't know what accounting he's using.

What kind of GDP figures are you and the team looking for? Yeah, exactly, exactly. I mean,

trend growth is 2% right. We're above trend growth for the last several quarters. We have a tendency

to underestimate the strength of the U.S. economy, but double digits. You know why people are bullish, though. Maybe not that bullish, but bullish. And it's because we've already had rate cuts from the Federal Reserve. Sure. There's tax-free funds to come through the next several months. And we're looking at just four companies with KAPX intentions of $650 billion. And when they come to the debt market, the market's taking it down really, really well. Is it hard to fade that story? I think it is hard to fade the story. It might be hard to plow more into it at this point, but I don't think you're fading that story. And ultimately, we are seeing the rotation that seems to be getting a lot of attention over the last couple of weeks as a healthy rationalization of where you're supposed to put your money into the markets.

I stuck on the 15% in this idea that potentially, not necessarily we're going to get 15%, but it

indicates the way that President Trump and some of the advisors are thinking about the United States,

which is, in some ways, an emerging economy.

In some ways, this is a not developed market that sort of has a stayed growth rate. And I just wonder if there are broader implications of that kind of lofty goal for the way

...