jim paulsen is back?> i'll outlast you, joe >> and welcome back to jim >> what did you think of what he said >> i think, you know, unfortunately you want to create some conflict but we agree with a lot of what he said. >> i don't want to create conflict >> but the big knock in the market this year has been that it was this four, five tech stocks driving things and then, whereas the rally was confirmed the entire time. now that the big large cap tech stocks are fallen under pressure, we've seen the slack pick up from other sectors, financial sector, every stock in the sector closed above the 50-day moving average yesterday and that's only happened a handful of times in the last 15 years. so we're seeing the slack pick up now people are saying this weakness in the tech is a sign of underlying weakness in the market i mean we can sit all day reasons why stocks should be going down, but they're not and i think that's the most important thing you have to take into account here. because the market rally yesterd

jonathan: jim paulsen does not plate job as is with a three-month lag. ou looking forward to? jim: i agree that the sustainable rate of employment growth is probably going to head down to the low hundred thousands or two -- towards 100,000 eventually. but i will flip the coin and say we will do something north of 200, maybe 210,000. we are coming off weaker than expected. we have had really strong adp reports. we also had a really great isn manufacturing employment balance in the month of june. we have had continued declines in employment gains. whether that will come through this month, we are not sure, but i will bet on over. and theet me clear back white house. you're trying to figure out about the u.s. economy, what would cause numbers to go green or red? alan: a number over 200,000 would suggest maybe we are not moderating as much as the past six months have suggested. also stronger wage growth. we have been looking at labor force participation for a long time. it has pretty much been moving sideways the last two years. i think we are now far enough

andrew and becky are off today our guest host is jim paulsen., jim paulsen, chief investment strategist at the leuthold group you're back, bigger than ever. bigger than ever did they pull you back in? >> just like -- >> you retired -- >> couldn't stay out >> they pulled you back in let's get a check -- >> godfather 3 >> g-3 >> i was thinking planes i was thinking investment groups >> yeah, yeah, yeah. let's get a check on the markets. futures right now indicated i don't know if identify call it sharply higher but solidly higher 21 on the dow, 23 on the nasdaq, 2.35 on the 10-year last we looked yeah, exactly. 2.35 and oil prices back above 45 for now up 65 cents. wti crude up 1.47% right now >> among today's top stories, janet yellen is heading for the hill today the fed chair will testify before the house financial services committee this morning with another appearance tomorrow before the senate. imf managing director christine lagarde told cnbc she would not rule out another financial crisis >> i wouldn't exclude that there may one day be ano