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Transcripts for CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell 20211230 19:31:00

the year. the s&p 500 is up by 28% this year. it has hit 70 record highs so far. today, if the gains hold, would be 71 and everyone wants to know whether or not this will continue. we shouldn t expect the market to go straight up forever. that s just not likely. two big challenges that the market has to contend with, of course, one being covid, what happens next, how much disruption, what does that do to the economy, and then, the federal reserve. the fed is taking away the punch bowl that has been juicing the stock market and alisyn, that is going to be a challenge for the market in the months ahead. speaking of punch bowl, matt, i ve been reading an alarming story. is there a dangerous shortage of champagne this year? reporter: well, alisyn, this is the year of shortages, right? we ve seen shortages of everything from lumber and paint and chlorine and new cars and used cars to, yes, champagne. at least high-end brands.

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