Welcome everybody to overtime. I'm Scott Wabney, you just heard the bells. We are just getting started.

In just a few minutes, I will be joined by halftime Josh Brown for his latest read on the markets.

We'll also speak to Star Pimco portfolio manager Aaron Brown who makes a bold new call on stocks

both for what she's buying and what she's shorting. Don't want to miss that. We do begin though with our talk of the tape.

The world according to Mike Wilson who just today said this bare bounce can continue if only for a little while longer.

Let's welcome him in Morgan Stanley's chief U.S. equity strategist Strategist and Chief Investment Officer.

Welcome back.

It's good to see again.

Thanks, Scott.

Good to be with you.

All right, so you did publish this note today.

You said the Bear Market Rally that began a few weeks ago

can continue for a few more weeks until quote the Fed makes it

crystal clear they remain hawkish and earnings revisions fall well into

negative territory that combination should ultimately take the S&P 500 towards 3,400 by mid to late August.

That sounds to me, Mike, like somebody who didn't expect stocks to be where they are today.

Well, I mean we talked about 3,800 being the first stop.

We got there.

We've had a nice rally off of that.

I think that's kind of playing to the playbook pretty closely.

I think we're maybe today we've pivoted a little bit more so is I would have

thought 4200 would have been it looks like it maybe want to push a little bit further

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