Lauter read on the screen the bears coming out of hibernation today is the

Dow plunges more than 600 points but pairs some of the worst losses of the

session hearing to the final moments of the close that is the scorecard in

Wall Street the action though is just getting started.

Welcome to Closing Bell Overtime. I'm Morgan Brennan with John Ford.

Yeah, it could have been worse. The Dell, S&P, Nasdaq all down about 1.5%, but at one point they were down

about 2%. the Russell 2000

following more than four though and I'll get ready for a barrage of earnings from

air B&B lift Robin Hood Instacart MGM and Zow. Instant analysis of those results is coming up.

And as we awaits those earnings, let's bring in our market panel.

Joining us now as Vital Knowledge, founder and president Adam Chris Afoulli and we're going to add in

CMbic Senior Markets commentator Mike Santoian just a moment but Adam first I'm

going to go to you the fact that at least at one point within the trading

session we were looking at the worst day for the

Dow and the S&P in almost a year we had that hotter than expected

C. P. reading this morning also some mixed to disappointing earnings reports as well and really an aggressive move

higher in the bond market and Treasury yields too. Walk me through it. No, absolutely. You know, this was kind of the fourth hot inflation number for the month of January

after the jobs report. You had both ISMs come in hot and now you have this CPI. You know, so I think the question people are asking themselves is,

does this derail or does it delay the, you know, the advent of monetary easing?

So I think March is off the table as far as a potential rate cut, but I think the trajectory is still one of disinflation and one that's going to lead to the fed cutting rates in the first half of this year alongside a slowdown in quantitative tightening.

But I think you came in today, especially in tech, over-bought, overcrowded, valuations were very

rich, above 5,000. You had a very aggressive rally you know just to kick up

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