Welcome to overtime everybody you just heard the bells we're just getting started right here as we always do at post nine in just a little bit I'll speak with pincos Aaron Brown get the very latest on her market

playbook we begin though with our talk of the tape this hunt for a bottom whether investors should be more or less confident that one is actually getting close.

Did today's action provide any signals whatsoever? Let's ask Avery Sheffield,

Vanage Rock co-founder, the CIO,

senior portfolio manager back with us.

It's nice to see you again.

You too, Scott.

Things changing all the time, obviously.

Do we answer any questions today?

I mean, are we closer to a

bottom in your mind every day that goes by I think we were certainly closer to a

bottom are we at a bottom I think for the market as a whole I'm not really I'm not sure. But we are seeing some signs that we might be a near a bottom for some

stocks. The problem seems to be what's priced in,'s not priced in what was priced in last

week felt like or in the last couple of weeks felt like it was tightening was

starting to get priced in right the market had come down a lot come into grips with

the fact that that's going to be really aggressive moving forward now it feels like

we need to assess the issue of whether big slowdown and recession are accurately priced in and it feels like the market's

confused about what to figure out right now. Exactly. Yes so I mean the approach that I

take is to your point what is actually priced into the stock today?

Is a recessionary scenario priced in?

Does the valuation suggest that people expect earnings to fall significantly already?

Or is the valuation such that people expect good times ahead.

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