We've made it to the end of July. Big week of earnings, big market rally into this week of earnings,

another Fed meeting, another 75 basis point hike, another GDP print that defies logic. For you folks

that don't think we're in a recession or if you somehow believe that White House statement from

Monday that the definition of a recession is if you somehow believe that White House statement from Monday that the

definition of a recession is now changed, good for you, but here we are. Market doesn't seem to care.

The Fed seemingly has thread a needle. I don't believe that's happened, but we're back and Danny

Moses is back after a week away. Danny, welcome back. Guys, great to be back.

Sorry I missed last week.

And I want to point out something that you guys, thank God, there's three people on the show.

And they don't all listen to me because, guy, your call down at 3650 that we may work our way to 4,100.

No one could hear my eye roll at the time on the screen, but frankly, there was one. And Dan's comment that you've got to start

buying some stuff here that's quality on dips, and both those things happen. That being said,

I would fade this hard. We're going to go into a why I would. I actually think that while I believe

that was a Fed pivot, I don't think that's a reason. I think that should scare people more that we've

seen peak earnings and it's going to get worse from here economically.

When that reality sets in, which we've had some bad August guys in the last decade,

I think we're going to see another one of those things coming up.

Yeah, I mean, listen, Guy, you've been calling this now for months and months. You just thought that, you know, when we start to see rates come in and treasure yields,

you know, right now the 10 year is what at 2.7 percent that was kind of a

support level that we've been holding for the last couple of months or so you didn't think that

was going to be something that investors should kind of extrapolate that's good for stocks right

because what it's emblematic of is the fact that the economy is weakening faster than the Fed is willing to acknowledge, I guess,

...