Welcome to overtime.

I'm Scott Wabney, you just heard the bells.

We are just getting started right here at Post Nine.

In just a bit, we'll speak exclusively to billionaire investor Leon Cooperman on where

he sees these volatile markets heading from here.

We do begin though with our talk of the tape.

The Brainerd Bombshell, the fallout for stocks

which finished with a flurry of selling.

Let's welcome in Joe Terranova of Verdes in the halftime investment committee.

This was all about Brainer faster, QE, QT, faster than the last time.

I mean this was like the most dovish person on the Fed going straight up

Hawk. Well you could ask Lee when you speak to him we have an adversarial

Fed that that's exactly what is going on right now. And originally the thought on Wall Street was

that it was the price of equities.

It was the price of bonds

that the Federal Reserve was trying to kind of cool the fever.

No, this is more than that. Federal Reserve is coming directly

after the consumer. The Federal Reserve is trying to cool shelter inflation. They are going

after what is right now an incredibly hot real estate market Scott look at

rentals in downtown centers throughout the country they're moving higher and

higher utility costs are moving higher so this is about going specifically after the

real estate market and that hasn't corrected yet.

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