Welcome to Overtime I'm Mike Santoli in for Scott Wopner. You just heard the bells but we're just getting started and we're awaiting results from applied materials

the chipmaker out with earnings at any moment. We'll bring you the numbers as soon as they cross.

But we begin with our talk of the tape, the bulls facing down the hawks.

Two Fed officials out in force today calling for even more tightening.

St. Louis Fed President James Bullard saying he's leaning towards supporting another

75 basis point rate hike in September.

While Minneapolis Fed President Neil Kushkari said today, the Fed needs to keep hiking to,

urgently bring down inflation. But despite the tough talk on tightening, the market shrugs,

stocks closing near the flat line, actually a little bit on the positive side so can the bull charge continue even as the hawks continue to swoop in let's ask Dan Greenhouse chief investment strategist at Solis alternative asset management. Dan, good see you.

Good to see you, sir.

This is a familiar equation, the interplay between a market that has a little bit of

momentum, it's up plenty off the lows, expressing some kind of comfort with the level of economic

activity today and what the Fed's going to have to do and and Fed officials

feeling like they have to keep hammering this point. Do you see a paradox there

or is it kind of the way the game is played?

I mean, listen, we, at the lows had gotten fairly oversold.

The numerous people, myself included, had come on the network saying you would probably do for

something resembling a bounce.

The bounce has been considerably stronger than I think most people would have estimated at that point,

but such as life in markets.

Are they ignoring what the Fed is talking about? I don't think so. I mean,

listen, for now the economy is holding up well enough. Obviously you've got specific

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