All right, Mike, thanks very much. Welcome everybody to overtime.

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

We're just getting started here at Post-9 at the New York Stock Exchange in just a few minutes.

I'll speak live to Wharton Professor Jeremy Siegel for his view on this market

and whether the strong summer rally is in the process of ending. Maybe it did today.

We have a busy hour ahead, Zoom and Palo Alto earnings. they're imminent as usual.

We've got the numbers, the stock moves,

all you need to know about those,

and we'll let you know when those hit.

We do begin, though, with our talk of the tape.

The fate of stocks after today's steep sell-off.

Let's ask Trivariats Adam Parker.

He is with me once again here at post night.

It's good to see you again.

Is the rally over?

Is this it?

Well, I thought the rally was a little too much. I mean you know we talked

about it a couple weeks ago conditions really aren't any better and the earnings

estimates are way too high. So to me what the rally was about was positioning and sentiment and I started hearing a couple weeks ago people say

oh maybe maybe things are better earnings weren't as bad the C. P. I rolled over there was a narrative

that there was some fundamental improvement but I don't believe it. I don't believe it.

Well, those are true.

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