Sir, thank you very much. Welcome everybody to overtime. I'm Scott

Wotner. You just heard the bells. We are just getting started from Post Night

here at the New York Stock Exchange. In just a little bit, we are going to get the latest from Jeffrey Gunlock's first major webcast of 2023

We'll find out what the Bond King thinks of the state of the markets as the new year gets underway

We're going to bring in the headlines once the event begins

that's less than 15 minutes away as well. We begin though with our talk of the tape, whether stocks can keep this

momentum going and build on the January gains as another critical inflation

read looms large later in the week just a couple days away. Let's ask Joe

Chernova, Verdes Investment Partners, Chief Market Strategist and

C NBC Contributor. He is right here at Post. investment partners, chief market strategist and CNC contributor.

He is right here at Post 9.

Are we starting to snip out a good CPI print on Thursday?

Is that what this is feeling like?

I think we've got the potential based on where

positioning is and I think positioning is been overtly bearish. You've got two

notes that you could touch upon there's a Bank of America note that suggested there was over

1.4 billion worth of equity sold by hedge funds, retail, and institutional. That's the

largest outflow since November and let's remember generally retail is a buyer in the

first week of January to see them as a seller I think it's just indicative of the

overall environment people have been so negative to your people have been so negative. To your point.

People have been so negative.

And look, I believe that earnings really are the ultimate catalyst for the market.

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