michelle meyer is with us, and jim paulsen as well.rward guidance, what is the forward guidance we should be taking from what we've seen from a couple of different versions of jay powell? he's still kind of in a tough place, i think, in the sense that economic data is going weaker. there's no doubt about that. the market message is certainly that it is going to get even weaker still. at the same time, you still got wage pressures that have gone up to about 3.2%, looking like it is still heading north, which puts the fed in a tough place when you've got 3.2% wage inflation rate, and there's not a lot of tightening in the system. i can understand why he's talking out of both sides of his mouth a little bit, but i think clearly not only chairman powell, but the entire array of said officials have come out now with a mission to inform -- of fed officials have come out now with a mission to inform that they had hit the cause but -- hit because bussan -- has hit the pause button. i think the fed is on hold for the for seeable future. alix: w

joining us for that is jim paulsen from the leuthold group. ese numbers that are coming in, i know you're a little skeptical about where the markets are headed you think maybe, just maybe, we'll get back to the high water mark this year >> i do, becky i'm fairly constructive yet here for the rest of this year. i'm not saying it won't be a straight line or anything and we certainly probably get another period of scary selloff, some kind of etest of that low. but, you know, i think there's good things here going on. we're easing the pressure on the market by -- we drop the long-term treasury by 50 basis points gas prices out here in minnesota are breaking below $2 a gallon we've got i think the next shoe to drop will be a weaker dollar. which would be forthcoming and i just think that overall economic growth persists you know, maybe around the 2% or a little less. and we're going to come at some point to agreement that we're not going to hit recession and if we're not, then we've cheapened the market, lowered yields, put a pause on the fed, and o