let's speak to matt orton, chief market strategist at raymond james investment management — joining usm st petersburg in florida. glad to have you with us and that you are safe after the terrible hurricane. thank you so much forjoining us. i want to start off looking at the earnings picture here in the us. we have the banks of america tomorrow and then netflix later this week. what is your overall outlook on this earnings season?— is your overall outlook on this earnings season? good morning. good to see _ earnings season? good morning. good to see you. _ earnings season? good morning. good to see you. i _ earnings season? good morning. good to see you. i am _ good to see you. i am optimistic. i think we are going to see good numbers being reported by companies and earning season for me and investors is always exciting because it provides the point at which we can see more differentiation in the market. i have been telling a lot of our clients to look for increased dispersion this earnings season because we have had such a strong rally in this market and that rising tide isn't going to

let's bring in matt orton at raymond james asset management. good morning. >> good morning, frank. great to see you. >> matt, what's your word of the day? >> my word of the day is dispersion. we have a big week for earnings and it will only pick up from here. i think the trend we have seen over the past couple earnings season where rising tide hasn't lifted all boats whill play out this week. i see no reason why we can't get post 6000 or beyond on the s&p 500 heading into year end. i don't think the path to get there is going to be linear. i think some companies are going to continue to out perform with respect to the guidance the eps numbers and some won't. that dispersion we will see sets up a really good opportunity for investors who are selective to be successful in this market going forward. >> we're talking about dispersion or earnings season. i want to talk about q3. 5% year over year. it pops to 12% in q4. our guest earlier believes this estimate is a bit low. >> frank, i agree. i wrote a note to our clients this week saying the same th