ESPECIALLY IN 2018.
PRESIDENT TRUMP IN BLUE ASH
OHIO.
WE NEED TO GET RIGHT TO THE
A SECOND AGO IT FELL MORE THAN
800 POINTS.
WE ARE DOWN 5% FROM THE
HIGHS.
FROM THE ALL-TIME HIGHS IN
WHAT WE ARE LOOKING AT AT THE
MOMENT
WHAT WE ARE LOOKING AT AT THE MOMENT FOR THE HOUR AND FOR
THE PAST SEVERAL YEARS.
WE ARE STILL PRETTY MUCH UP
ABOUT THE 26 PERCENT FOR THE
YEARS.
AS WE LOOK RIGHT NOW AT THE
TRANSPORTS WE ARE NOW DOWN 106
POINTS.
WE HAVE THE RUSSELL ALSO
LOSING ALL OF THE GAINS FOR
2018.
NOW WE HAVE TO REMIND YOU THAT
WE ARE NOW LOOKING AT 1300
WHEN WE STRETCH IT OUT.
BUT LOOK AT THAT ONE WEEK
PICTURE HERE.
WHAT STARTED AS A PROBLEM WITH
THE TEN YEAR YIELD WHICH OF
COURSE OVERNIGHT WE WANT TO
TELL YOU HIT A NEW FOR YOUR
HIGH IT IS IS SINCE
GET OUR EXPERTS IN RIGHT NOW
AND HAS TO DO WITH THE FACT
THAT THERE ARE PEOPLE WHO HAD
BUILT IN CELL PROGRAMS IT IS
NOW WE'LL OFF ITS HIGHS.
THE REASON PEOPLE GET NERVOUS
ABOUT HIGH TREASURY YIELDS IS
BECAUSE IT MAKES THE COST OF
EQUATION FOR A MOMENT.
YOU CAN LOOK AT THE MARKETS AT
THIS HOUR WE HAVE A DOWN 768
POINTS.
INVESTORS ARE WATCHING THEIR
I WANT TO GET TO YOU MATT.
IF NOT A HIGH TEN YEAR YIELD
WHAT IS NOW CAUSING THIS
LIGHTNING BOLT OF FEAR IN THE
CERTAIN TECHNICAL LEVELS.
IT BLEW THROUGH THAT AND
THAT'S WHEN WE HAVE THE
ACCELERATION FROM DOWN 500 AND
DOWN 800.
WHEN YOU GET THIS DIRECTIONAL
TYPE TRADING THE MOVES CAN BE
VERY QUICK.
AS THE NASDAQ IS A LEADER IN
NOW.
IS THAT GOING TO CATCH UP ON
THE DOWNSIDE.
WE WILL SEE.
IT ALMOST LOOKS LIKE THERE IS
NOWHERE TO HIDE UNLESS YOU GO
WITH VOLATILITY AT THE
MOMENT.
IT GIVES US A SENSE OF HOW
ARE LOOKING FOR SOMEWHERE TO
HIDE IT DOESN'T REALLY LOOK
LIKE THERE IS MUCH THERE.
DO YOU SIT TIGHT?
YOU CAN LOOK AT SOME SAFE
HAVENS THIS IS A SIGNIFICANT
MOVE HERE.
THE VOLATILITY INDEX IS NOW AT
30.
THE OTHER DAY WE WERE AT 15.
WE'VE DOUBLED THE FEAR.
>> THAT IS EXACTLY IT.
IT IS THE WRONG THING TO DO.
THEY ARE LOOKING AT THE
PORTFOLIOS AND SAYING I HAVE A
RIGHT THING TO DO.
I DO THINK SOME OF THESE
STOCKS WERE OVERVALUED.
THE ECONOMIC NEWS THAT WE SEE
WHETHER IT BE FACTORY ORDERS
IS ALL GOOD NEWS WE ARE SEEING
THAT.
THE MARKET ANTICIPATED A GREAT
ECONOMY.
THEY HAVE A GREAT ECONOMY AND
NOW IT'S LIKE WHAT HAVE YOU
DONE FOR ME LATELY.
WE ARE DOWN 100 POINTS ON THE
YEAR.
WE LOOK LIKE WE ARE ABOUT TO
GO BACK DOWN ABOUT 900 POINTS
AT THE MOMENT.
THE ATMOSPHERE DOWN HERE THE
FINE AND TREASURY IS HELPING
THIS.
LET'S REMEMBER A COUPLE OF
THINGS HERE.
WE HAVE NOT SEEN THE
SIGNIFICANT PULLBACK.
THE VOLATILITY INDEX WHILE IT
IS UP AT TRADING IT HAS BEEN A
REVENUE GENERATOR.
THE STEAM ROLLER ONE ON THIS
LITTLE BOUT HERE.
THE MARKET IS CAN GAIN SOME
MOMENTUM.
GOLD IS STILL A GOOD POINT TO
GO.
YOU ARE STILL UP MONEY.
NOW WE HAVE A VERY SHORT.
OF TIME ANOTHER FULL
PERCENTAGE POINT.
THE S&P HAS JUST TURNED
NEGATIVE ON THE SESSION.
WE WILL WORK YOU THROUGH EVERY
SINGLE METRIC THAT'S GOING ON
HERE.
STILL WELL ABOVE WHERE WE WERE
JUST ABOUT HALF A YEAR AGO AT