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on the Bloomberg.

Now perfect guest, Jonathan Golub, Credit Suites, chief U.S. equity strategist joins us on the year

ahead. John, fantastic to catch up with you again, sir. Secretary What is normal these days? Well, first of all, we're trying to really look out

and push the horizon and say, you know,

what does 22 look like?

And the reason we're focused on that

is if we're trying to forecast where markets are at the end of 21,

it's going to be based on the way the world looks at the end of 21

peering into 2022.

And at that point in time, you're looking at not peering into 2022.

And at that point in time, you're looking at not an economy that's bouncing off the bottom with this discussion of cyclicals and low quality stocks. You're looking at an economy that's probably growing GDP in the low to mid-3s which will be very good, but actually slowing because we're moving towards a mid-cycle kind of environment already.

Interest rates will probably be a little bit higher but not dramatically higher.

The surprise will be the unemployment rate is expected based on Bloomberg's surveys. The unemployment rate will be you know moving towards

...