And welcome to overtime. I'm Scott Waughley. You just heard the bells. We of course right here are just getting started in just a few minutes.

I'll be joined by Funstrats Tom Lee who just released a late afternoon note that you need to know about and I'll tell you about it.

Half times Josh Brown will also be here.

We do begin though with our talk of the tape.

This rally, even as another read on inflation burns red-hot, so given the move today today does it mean that it's okay

to buy stocks again as some are now suggesting let's ask Chris Hisey he's the

chief investment officer from Maryland Bank of America private. It's good to see you right here

at Post 9. Is this a peak inflation rally? Is that what we witnessed today?

I don't think it's a peak inflation rally. There's so many different gauges to still see for the rest of the year.

It's going to be hard to peak out inflation until later in the year.

But we all know that equities get ahead of that.

We all know it's a discounting mechanism.

Is it some money coming back into the equity markets

and selling pressure being released?

Yes.

Particularly as it relates to sentiment became so poor.

Sentiment was jumping ahead of everything and you're seeing it in the sector, different

performances and you're seeing it in individual equities those that can execute forget about it.

I mean there are others who have a different view though right? I mean

Gunlock is talking about peak inflation minored here yesterday.

Governor Waller with Sarah in the last hour.

I want you to listen to what he said and we can react on the other side.

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