Sir, thanks very much. Welcome everybody to overtime. I'm Scott Wabney, you just heard the bells. We're just getting started in just a little bit. I'll speak with canters, Eric Johnston, who's gotten even more bearish in recent weeks. Is that caution warranted or just too negative? We will ask him and debate his concerns. is that

Caucheted or just too negative. We will ask him and debate his conservative call.

We begin though with our talk of the tape, the road for stocks now that Jackson Hole is history

and whether the lows of mid-June are likely now to be revisited or avoided.

Let's ask Trivariats, Adam Parker, he is with me right here on set.

It's good to see you.

Thanks for coming in here.

Yeah, thanks for having me.

So the post-Pau play playbook in your mind is what? You know, it's a little bit what we talked about last week, right? Not going to be surprised if they're hawkish,

CPI's going to stay high, and estimates for next year are way too high.

So look, we got a rally that was positioning and sentiment,

but I don't think the fundamental support it

as we talked about last week.

And I wouldn't be surprised if you know risk or war was skewed

to the negative over the next few months.

I don't know about June lows. I know you like to nail me down on that.

It's tough to call, but I think risk ward's not great right now.

With estimates that are way too high.

So I want to get your reaction to something that Neil Kashkari said Minneapolis Fed

president because I feel like this is telling on not only where we are but where

we might be going he said the following in an interview today. I was actually happy to see how

Chair Powell's speech was received. People now understand the seriousness of our commitment

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