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Good wednesday morning welcome to squawk alley. Im Carl Quintanilla sara eisen is here as well the dow is down 59 points following the best day since april. And techs best day in just over a week nasdaq is now lower for four of the past five trading days for more on all of this, we are joined by the chief Investment Officer john rutledge. Good morning, carl. You put more credence on the action yesterday or today, john . I think the risk is the thing you have to watch out for. So i guess that means today. And it is really event risk. Event risk is something investors dont think about very much, but it is like lifting a dumbbell big left, big right, nothing in the middle so you have good economics, bad Politics Around the world, and then its adding up to a lot of risk and makes me want to be cautious. You take risk on or off here . Were keeping risk on, carl our opinion is this is not uncommon over the last 8 1 2 to 9 years. This has been the most remarkable process of recovery, now norm
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