Well, stocks jumping a bit to start the week with the NASDAQ and small caps in the lead.

That is a scorecard on Wall Street, but winter stay late.

Welcome to Closing Bell, overtime. I'm John Fortbeck with Morgan Brennick.

It is good to be back ahead of today's, head on today's show. we've got results from Palanter

microchip Simon Property lucid and many more we're going to bring you all of the

numbers as they cross plus an interview with lucid CEO before he talks to Wall Street on the earnings call.

And another potential red flag for the consumer, Tyson turning in its worst day in months after

warning about inflation eating into sales. We'll talk to the company's

CFO about today's results and what he's seeing

from consumers and customers.

But of course we're going to begin with the market.

More gains to start this week after Friday's rally.

Joining us now is Evercourt ISI's senior managing

director Julian Emanuel. Julian welcome. So strong day for the NASDAQ and

S&P up what about a percent plus led by tech, but you say the major indices are already

overvalued and the correction has further run?

So we think, you know, you've been in a trading range for about three months now we think it that that

correction has further to go in time and price at 23 times last 12 months earnings you're really very fully valued from our point of

view and when you get to that type of valuation the average for return is around zero now that having

been said you look at at today's action and frankly when you think about the

markets on a 12 24 or 36 month basis. What we saw today and what we've

expected will be a part of May is that the names that have been leading have

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