Sarah, thanks. Welcome to overtime. I'm Scott Wabney. You just heard the bells ring. We of course are just getting started in

O.T. We begin with our talk of the tape today. Whether this newfound momentum for stocks is

sustainable after another very strong day, This is the S&P right now

is on track for its best week of the year. One day to go of course, but that is how we

are trending. It's a big question. We need an answer and we ask super

investor Ricky Sandler. He is the founder and CEO of Eminence Capital. He joins us now

live. Ricky, welcome it to overtime. It's great to have you on this new program.

Thanks Scott and congratulations on the new show. Good to be here. Thank you so much.

It's really good to have you. I did note on Twitter a few moments ago, two years

ago yesterday you came on with me in the throes of the

COVID outbreak Dow was down some 2800 points you're unafraid to make a big call

on the market things are obviously different now. There's a lot of

uncertainty still out there. How do you see things today in the markets? Yeah, I mean I

think I think I see things cautiously. I wouldn't say bearish, but I think that we were entering a new

sort of paradigm shift based on the Fed, withdrawing liquidity, starting to raise interest rates, and that kind of all made

a lot of sense.

And I think the war and its impact, particularly on food and energy inflation, has a whole

new wrinkle besides for the

geopolitical risks and and so I think the market was going to have a tougher time

even before the war I think I think that gets more difficult

because it puts the Fed in a trickier position.

Inflation's going up even faster in the near term.

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