Welcome to closing bell overtime. I'm Morgan Brennan with John Ford.

Coming up on today's show, former Cleveland Fed President Loretta Mester weighs in on President

President-elect Trump's Treasury pick and what she's expecting out of a Trump 2.0 economy.

Plus, I can't miss interview with Jersey Mike's CEO, Peter Cancrow, just days after selling

the sub business to Blackstone for $8 billion.

That was the valuation. He's going to join us with two-time Super Bowl champion, Eli Manning,

to talk about how they're giving back this holiday season.

And we've got earnings on the way from Zoom, video, and Agilent Technologies, and we'll bring you those as soon as they cross.

But let's get straight to the market action with Bespoke Investment Group co-founder Paul Hickey and

Unlimited CEO Bob Elliott.

Bob, you're sitting here with me on set.

I'm going to kick this conversation off with you after another day higher for all the major

averages.

The Russell 2000 playing a mighty game of catch up.

We're up 11%,

more than 11% in months today, and we get a record high. What does that tell us?

Well, I think it's another indication of the over-easy monetary policy and fiscal policy

that's sort of juicing the markets. And in particular, what's happening is all those

areas of the market that have been left behind up until the last month,

it's catch up time. And so hedge fund managers are trying to catch up with, you know,

close short positions in the catch-up names. They're getting caught on the wrong side of that trade,

and it's helping fuel that to drive higher, fuel things like the Russell 2K to drive higher.

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