vonnie: mark chairman and ken fraser earlier. we will be right back.his is bloomberg. ♪ >> joining me for today's option insight is momentum stock strategist at his ax.com and joints me from chicago. good to see you on this first trading day of the second half. we see a rally day after the it --> it vote -- post >> brexit mode. >> we're taking it in kind of erasing it off the map. if you fell asleep on thursday, you would think nothing happened when you woke up today. the only thing i see is the pound coming down today. i think that will linger but as far as equities go, we have a little more gas in the tainted but earnings coming around the corner so i think that will be the next catalyst steering us. >> speaking of earnings forecast, they are not very good. -6% possible revenue growth. >> this is several quarters in a row we have been talking about this earnings recession and everybody has been writing it off because so much of it has an coming from the energy sector. --n you look at negative 62% 6.2%, we have had this kind of forgiveness the market