All right, sir. Thank you very much and welcome everybody to overtime. I'm Scott

Walkney. You just heard the bells. We are just getting started from Post-9 here at the New York Stock

Exchange. In just a little bit, I'll speak to Fun Strat Star Strategist Tom Lee, who says stocks can rally

another 20% in 2023.

We'll ask him just how, as the Fed continues to talk tough and the economy is expected to slow even more.

And that's where we begin with our talk in the tape, a Vostick bombshell.

The head of the Atlanta Fed suggesting this afternoon the Fed is willing to go too far if that is what it takes to

bring inflation down. Stocks didn't like that pronouncement at all. Let's ask

Cameron Dawson what it all means. She's the chief investment officer for New Edge

Wealth right here at

post nine okay so it's fair to say the Fed is willing to overshoot that's what

Bostick said yeah I think of that well I think that this is the equity market waking up to the harsh reality that this Fed is not going to cut interest rates in 2023 given where data currently is today.

They simply don't have any evidence whether it's from inflation or

employment that they will cut interest rates and so as we saw stocks soften it

really reflects the fact that they were banking on this idea that we would see

some easing in policy and that's just not going to happen.

Yeah, I mean it sort of begs the question of whether the Fed and Steve Leisman is going to

join us in a minute to discuss this is tone-depth of sorts like Bostick saying they're willing to overshoot well what

about the data of late that's that's come in favorable on the inflation

front if the CPI is good on Thursday are they still going to be talking about past 5% on the term on into a recession? Well it's not just where inflation is today it's if it comes back and

that's the key thing for this Fed. They are haunted by the idea of inflation

re-accelerating and that's why they are willing to overshoot. They'd rather

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