Carl Thank you very much.

Welcome everybody to overtime.

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

We are just getting started here at Post 9 at the New York Stock Exchange.

A firm and Gap earnings, they are imminent, both of course giving us a good read into the strength of the consumer. We're going to bring

you those numbers when they cross the stock moves that always follow. In just a few

minutes I'll speak live to top technician Jonathan Krinsky on the

critical levels in the market he is watching.

We do begin though with our talk of the tape, prepping for Powell what stocks are likely to do no matter

what the Fed Chair says tomorrow in his highly anticipated speech at Jackson Hole.

Let's ask Gabriella Santo, she is J.P. Morgan Asset Management's global market strategist.

Welcome back.

It's nice to see you.

Nice to see you. So a nice move today ahead of Powell. Is this a sign that the

markets and the Fed are in line with one another? At least the market thinks it is?

I think we've had really low volume today and yesterday everyone just watching out for

that big event risk tomorrow at 10 a.m. with Powell's speech, but we are much better set

up going into it than we were just eight days ago.

We have real yields up 40

basis points. The two year near the mid-June highs and we have stocks off 4%.

So much better position. I think we're likely to see a relief tomorrow unless we get a

big shock from what Powell says. But one thing I would keep an eye out on if we look

...