The S&P 500 is trying for its 70th record closing high of the year. We’ll tell you the best places for your money as we near a record finish to 2021. Plus, President Biden is calling in more regulatory reinforcements to try and fight soaring inflation. Will his strategy work? We’ll debate. And, in today’s Rapid Fire: will there be less bite and more bark for the “dogs” of the Dow next year? We’ll talk that plus how to trade Apple & Peloton in 2022.

Stocks are rising for a third straight day, but there are still some major concerns out there – including inflation and the Fed’s reaction to it. We’ll take a look at what it all means for markets in 2022, and tell you how to position your portfolio for the year ahead. Plus, Omicron continues to surge just as folks get ready to celebrate the holidays with friends and family. Will the outbreak get even worse in the new year? We’ll ask a medical expert. And, in today’s Rapid Fire: Nikola completes its first EV truck delivery, and Spider-Man makes a historic debut at the box office.