So you just heard it the bell regulation time is done overtime is starting now. I'm

Dominic Schiwin for Scott Wachner today. You just heard the bells but we are just

getting started here on the show and we are going to begin this hour with our talk of the tape a very big

breakout and bond yields those interest rates going higher but it's failing to

really wreck the rally substantially the 10-year Treasury note yield hitting its highest level

by the way since March of 2019 and stocks held in, relatively speaking, the Dow

finishing in the green actually, the S&P 500 near the flat line.

So is the market giving the maybe okay signal

that rising rates will not derail this bull run?

Let's ask the professor himself, Jeremy Siegel. He is the professor of finance at the University of Pennsylvania's Wharton School a familiar face.

Professor, welcome to overtime. Thanks for being with us here. So let's talk about whether or not this market can be resilient enough in the face of that rising great picture.

Well, Dam, I think what you're seeing is a rotation like the Dow was up the NASDAQ was down today

and I think that that's going to continue over the next three to six months because I think rates are going to continue to rise.

I think inflation, I mean next Tuesday is a very important date.

The CPI is coming out is so last CPI before the main meeting of the FOMC.

And I think 50 bases points is in the bag.

And honestly, if we get a bad reading next Tuesday I know James

bored will probably be calling for 75 bases points so we have more hikes to

look forward to and that means more of that rotation

uh... towards the value stocks and away from those stocks with the

cash flows far into the future.

So that growth story that you mentioned there,

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