All right, welcome to overtime, I'm Scott Wapney. You just heard the bells.

We are just getting started from here at Post Night at the New York Stock Exchange

in just a little bit.

I'll speak to a technical strategist who says he fade this rally in stocks.

At the same time, others argue just the opposite and

that's where we begin with our talk of the tape today after this big Monday move

on Wall Street why it could actually keep going for a while at least according to one bear turn bull who joins me once again right now Eric Johnston with

Kenner Fitzgerald here with me on set you might recall he made a tactical call a couple of weeks ago on this show that stocks were going to take off into the end of the year.

He is back. When I heard you were coming back, I was like, uh-oh, did he change his call?

Because sometimes you're very tactical and you could change your call but in fact you have not

you're sticking with it I have not yeah my conviction is remains very high so there's

really four main points around why we think that the first one is is that if you

look at the inflation picture right now we actually think that there is

deflation going on right now over the past three months despite what the CPI says I can talk more about that

Number two is we think the Fed is going to be done as we said

December 14th last hike less than two months away point three is that we think

earnings are going to come in this quarter and guidance better than people fear.

And then number four is that we think positioning

technicals and some of the other back testing that we've done

also suggest strong upside.

All right, so let's take each one of these individually for the sake of the conversation,

okay?

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