You're listening to a bonus episode of the On the Tape podcast.

Guy, Dommy, always joined by Dan Nathan, huge weak earnings, Fed, Jobs Report.

Mike Wilson, seemingly getting less bearish.

A lot to talk about.

Later, we're going to go off the tape with Drew Schart, head of global investment strategy at

Hamilton Lane. That's important more now than ever, Dan. Yeah, no, we had a great conversation

with Drew. And it's interesting guy, you and I spent a lot of time talking about equity

markets and the things that affected. I know you in particular have been highlighting all

year long what's been going on in the credit markets.

And if we really are to see a major down draft, I think, in the economy, which would be

reflected in the stock market, we're likely to see some kind of issues in the credit markets.

We haven't seen it just yet.

I think Drew's take on the public credit markets with what's going on in the private

credit markets where they're primarily focused on really interesting stuff there. So definitely

check out that interview with Drew. Guy, the one takeaway for me, Mike Wilson, he was on our

podcast on the tape a few weeks ago. He was still pretty bearish. This was before that market,

the stock market had turned on that Thursday afternoon. Remember we had that new 52 week lows. Things felt really

ugly. And then we had that intraday reversal. That Monday, Mike comes out and basically says,

I think we could have a tactical rally. What did he say 10 to 20 percent possibly? You had been saying we think you thought you could have at least a 10, 15, 20 percent rally,

maybe back towards 4100. So that lined up a little with you. But he's changing his tune now.

He thinks inflation has peaked a little bit, right? And maybe the rate hikes have basically,

they're going to be done when we're done with

...