i'm good thank you. >> i love being followed by colin jost, just another person who is better looking and funnier than me. thanks for that. >> there we are. you're neutral u.s. equities why? >> we just did our second half outlook, and as you know, we were bullish on the first half, and kind of i think now it is just harder for us to get there on the valuations. what we wrote is we see the same probability of 10% upside, 10% downside to get to 5,000 on the s&p, about 10% up where we are today, it looks to me like you have to pay over 20 times the 24 earnings at the end of this year so just hard for us to get there on the valuation front i don't think things are falling apart. early signs of earnings season i imagine you'll get into that and look pretty good, so i just think things slowly erode, don't implode. i can't get there on the multiple side. >> why is the probability the same, do you think, of 10% up or 10% down in some respects, couldn't you make the argument as i said earlier on "halftime," you've gone fromglass half empty market to what i think you could make a compelling cas

we'll be live again right out here in lake tahoe "snl"'s colin jost will be with me and rich weiss, asout the markets there. we'll see what he thinks now as this rally rolls on. what are you looking for, banks tomorrow and turning to next week >> for banks, we've sewn a lot of support in the credit market since the end of march bigb banks have raised about $50 billion in credit. so we'll see if the financials justify that and going into next week, really thinking about nominal sales coming down as inflation is coming down, how are these companies are going to deliver earnings >> quickly, final trade, give me a name, guys josh, you first. >> wnyye resorts >> all right, guys, good start "the exchange" is now. ♪ ♪ >> you know, we don't have the mountains, we don't have idaho we'll come up with something today. scott, thank you welcome to "the exchange." i'm kelly evans. here is what is ahead this hour. four day information a row for the major averages the dow almost at a 52-week high all of this thanks to cooling inflation. our strategist says we are in a goldilocks moment for stocks why

entertainers are playing in this tournament, owned, operated and produced by nbc sports including colin jost join me later. this make or break hour begins with rally watch, as stocks extend their gains on more positive inflation numbers score card with 60 minutes to go in regulation looks like this. dow has been up all day