>> courtney garcia >> i'm really liking deere here. i think the agriculture story, not demand is going away and there's a lot of positives >> hockey season is so long, i have to say that so long, tim >> i hope it goes longer here in new york in the meantime buy some gold. i think it is everything that you need in this fed environment, gld >> that does it for us here on "fast money" tonight do not go anywhere "options action" is up after this quick break new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. right now, we're all feelin' the squeeze. but walmart's got your back with thousands of rollbacks so you get everything you need to keep your summer rollin'. because when you save money, you can live better. ♪ >>> it is friday, and that means it is type for "options action." i'm melissa lee joined by carter worth, mike co-an

courtney garcia, senior wealth adviser, thanks for being here explain how you have the optimism in this wreckage. i just read horrific stats down 67% and you're saying there might be some wins to come >> things are not looking good in the market and they're pricing in the chances of a recession are definitely increasing and people are very negative right now even when you look at economists polled by "the wall street journal," they report a 44% chance of a recession in the next 12 months as opposed to when you looked back in january. the markets will price in a recession before the recession actually happens and that's what you focus on as an investor. when the markets are down 15% the first half of the year which has happened a couple of times in history and you tend to have a really good second half of the year by an average of 24%, if you can believe that i think what you want to take a look at is there is an idea of rising tide rises all boats and you will take dwashtage of the opportunities where you will do well in a period that will have inflation which even if it's peaking it wi

joining us, courtney garcia from payne capital management great to see you. >> thanks for having me. >> what do you make of the bounce today >> i think the question investors have to ask themselves, are we heading into recession, is that why the markets are selling off, is that why the markets are up today i think ultimately i think it is possible we can get through high inflation without going into recession the next couple of months as an investor, what you want to look at, if you are of the mind-set we can get through this, you can start to look at some of these as buying opportunities. i wouldn't say jump in with two feet, haven't seen the volatility we call a bottom. but there are opportunities to have mind-set of impending recession, may want to wait longer. i think there's value to be had and we can very well get through this. >> you like small caps, you're not convinced we hit a recession. >> correct that's one of the plays, if you're of the mind-set we can get through this, small caps are well valued. earnings growth expectations are attractive they're expected to grow 20% l