Welcome to overtime, I'm Scott Wapney, you just heard the bells.

We are just getting started right here.

In fact, in just a few minutes,

we'll speak exclusively to Quadratics Nancy Davis

for the latest on market volatility

and her best ideas right now.

We begin though with our talk of the tape.

Your stocks versus an adversarial fed.

It's the kind of main event we haven't seen in more than a decade.

So what does all of it mean to your money with yet another

volatile market day to digest? Let's ask half times Josh Brown, the CEO of Riddholz

Wealth Management and Fundstrats Head of Research, research Tom Lee both of course are

c and be seen it's great to see both of you Tom Lee I begin with you you sat

on this set a week ago or so and suggested that the lows of the first half were in. A lot seems to have

changed since then certainly from the Fed. Do you stand by that call right now?

Scott, it's a call that's looking really tenuous, but we still think the lows for the first

half are in, maybe even the lows for the year, and it's not because the news has been great as you're pointing out

things have been really grim you know the feds quite hawkish we've got some bad inflationary

data but the confidence we have about the lows being in really reflects what we think is

pretty extreme positioning by institutional investors. I think institutional investors have really

positioned for a pretty deep contraction.

You know, the latest J.P. Morgan Prime brokerage data shows it's it's where it was in like

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