All right, sir. Thanks very much. Welcome everybody to this Friday edition of

overtime. I'm Scott Wachner. You just heard the bells. We are just

getting started here from Post-9 at the New York Stock Exchange. And in just

a little bit I'll speak to Funstrats Technical, Ace Mark Newton, on

whether this latest rally can keep going into next week even as another critical read on inflation looms

especially large.

We begin now with our talk of the tape, the risk reward on stocks, is it improving?

Just as one big name investor calls for a coming crash, let's ask Liz Ann and Saunders she's chief investment strategist for

Charles Schwabs good to see you thanks for being with me up four percent on the

week why why are we rallying are we in tune with the Fed are we trying to get ahead of a

CPI report we think is going to be pretty good? I don't know if it's sort of

front-running any kind of whisper number on the CPI P. I mean the leading indicators have suggested

that there should continue to be downward pressure on

CPI, certainly at the headline level because of what's

happened with energy prices. I think the rub might be that the core change will be a bit stickier just because

of the shelter components which probably still have a little ways to go before

they start to turn down. I think the market these days also short term has a lot to do with just

technical conditions being hit. You get you get oversold as we did at the recent lows and you get a bit of a relief rally and you see it in in

sentiment indicators in the very short term as well so I think it's too soon to tell whether this rally

is uh... healthier or longer lasting than the one that went from mid-June to

to mid-August at this point it looks more technical than anything else.

So sounds like you don't put much stock into it, pardon the pun.

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