thank you i think we did a lot there in a short period of time thank you so much. >> all right >> barry knapp, iron side's macro. >>> shares of "the new york times" are moving higher just rart reported a nearly 7% stake in the company, now the second largest shareholder and nyt shares up more than 10% right now to almost $35 a share. value act has held talks from board composition to deal making and operations we've reached out to "the new york times" and will let you know when we hear more a company with an extremely solid track record even in terms of names like adobe and microsoft setting their sights elsewhere on a smaller cap stock but at the same time that we've looked at elon musk whether or not he is going after twitter, a major investor getting involved with another media platform. the house is set to vote on the inflation reduction act tomorrow and the bill has big implications we'll tell how is most at risk next plus, rivian and poshmark set to report after the bell down at least 50% over the past year but have seen huge bounces can they keep up the momentum? that's ahead in "earni

. >>> up next, barry knapp just put out what he calls his first cautious note in months. he'll join us with the red flags he sees in the market. as we head to a break, check out some of today's top search tickers. you've got the 10-year yield on top, followed by ape as well as amc, bed, bath and beyond and tesla. we'll be right back. what do ? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> the major averages are sliding hard as investors look ahead to the fed's jackson hole meeting later this week. joining us now is barry knapp to handicap things for us barry, good to talk to

charles: so i want to bring in slatestone wealth chief market strategist kenny polcari and barry knapp. barry, i want to begin with you, jared dillon, aka dirt nap, gave you nice shoutedout on twitter. you said 3666 would be a low and this is a garden-variety bear market. i'm not sure why you felt that way. congratulations. is that still the case? >> yes. listen i wrote a report a couple weeks ago i think captured this best, titled, pivot is the wrong word. we have this constant discussion about the fed looking for them whether they go 50, or 75, or otherwise but the real key when we reach maximum tightening expectations that happened at the june fmoc meeting meeting wy sprung a 75 on us the last minute. i will give you a precedent for that. in 19994 when we were going through the very aggressive rate hike cycle the peak of tightening expectations came after that november surprise 75 basis-point hike. markets took off from there. the fed didn't pivot per se, didn't communicate quite like they do today, but didn't pivot until june of '95. that was the key inflection point. inflation was

all right barry great to get insights on all this thanks very much for joining me this morning barry knapplose to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. [crowd cheers] voya. be confident to and through retirement. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. it's time for the biggest sale of the year, on the sleep number 360 smart bed. it's temperature balancing, so you both say cool. our smart sleepers get 28 minutes more whose resumes on indeed match your job criteria. restful sleep per night. all smart beds are on sale. save 50% on the sleep number 360 limited edition smart bed. ends monday ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just book