RUSH TRANSCRIPT The Or ░░░░░░░░ you seeing right now ░░░░░░░░ rate hike pressure hitting ░░░░░░░░ market this week Well ░░░░░░░░ rally was based on ░░░░░░░░ premonition that the Fed ░░░░░░░░ going to pivot and ░░░░░░░░ re going to have ░░░░░░░░ robust earnings going into ░░░░░░░░ we believe that the ░░░░░░░░ is going to continue ░░░░░░░░ pull away the monetary ░░░░░░░░ ball We will see ░░░░░░░░ levels of inflation And ░░░░░░░░ that is going to ░░░░░░░░ reduced economic activity And ░░░░░░░░ reduced economic activity will ░░░░░░░░ to lower e p ░░░░░░░░ So in 2023 the ░░░░░░░░ P is basically calling ░░░░░░░░ earnings down through 252 ░░░░░░░░ just don t see ░░░░░░░░ happening if you look ░░░░░░░░ the market today at ░░░░░░░░ times 240 it s ░░░░░░░░ selling at a fully ░░░░░░░░ level based on where ░░░░░░░░ will be in 2023 ░░░░░░░░ we would be in ░░░░░░░░ camp that this has ░░░░░░░░ a bear market rally ░░░░░░░░ d be cautious however ░░░░░░░░ doesn t mean investors ░░░░░░░░ be out of the ░░░░░░░░ being out of the ░░░░░░░░ obviously gives up tremendous ░░░░░░░░ in the long run ░░░░░░░░ what we re doing ░░░░░░░░ basically focusing on high ░░░░░░░░ cash flow companies which ░░░░░░░░ where we