rise. the stock market is not telling you the economy is bad. the stock market is running up and up. the bottom is running up to inflation. >> the dow up 33% since election day. let's talk about all of this. joining us now live from washington, d.c. is economist greg valliere. good to see you, sir. >> good morning. >> where are we headed today? >> christine nailed it. the fundamentals are still good in the economy. until the bond markets stabilizes, dave, we will be in a period of real anxiety. christine is right. interest rates are moving higher. how is this for an irony? the major reason interest rates are higher is people worry the economy could overheat. there's so much stimulus. such a tight labor market. global growth. maybe we're doing too much. >> yesterday was jerome powell's first day on the job.