But first mike santoli is going to join us to break down cpi the impact today on stocks, volume, vix. There is a lot to watch here. A lot of stuff was already moving pretty hard in one direction. We got an accelerant at the open how do you make a 1. 5 drop in the nasdaq feel okay start with the 3 drop in the nasdaq, basically where we are we are down enough you have to look at a longerterm chart to situate us in terms of where we are and how far back in time we have here you go. That is the precovid high in the nasdaq 100 it is around 9600 between 96 and 9700 down a thousand points from here you know what . We went down a thousand points in the last 10 or so trading days in the nasdaq 100 you are kind of in the zone there of going back to the precovid levels of course a ton of stocks, maybe half of all stocks are below precovid peak right there we did kind of lose out on some of those other areas i was looking at more like in the twoyear roundtrip range that would have brought us back