Welcome to Overtime. I'm Carl Kitanilla and for Scott Wopner on this Monday afternoon. You just heard the bells, but we're just getting started.

We're going to begin with our talk of the tape and another major sell-off on Wall Street.

All three major averages plunging again today new 52 week lows and

tech taking the brunt of the pain the NASDAQ down about four and a quarter

percent ten percent over three days is there more selling ahead or is the worst over four-year money?

Let's ask Avery Sheffield, co-founder and chief investment officer, Advantage Rock at Rockefeller

Capital Management on an historic day, you might might argue looking at just some of the

technical levels that were violated here today.

Absolutely, yes.

I mean certainly the markets in a much tougher place and I think we thought right

after the Fed meeting last Wednesday.

Where do you think that left us, this idea that Wednesday bounds, somehow there was room to be

dovishness, has that completely been evaporated?

Well I think what's happened in the past Fed meetings

is when the Fed is spoken and said something that has felt like it we could end up

with a Gotti Lock, the markets really run.

And what's been different, what's really different about

this backdrop for this Fed meeting versus in January and March

is when they spoke then, there weren't earnings

announcements coming out within a few hours of the Fed's meeting

that really demonstrated that there's really there's some underlying fundamental weakness to many

companies that have very high evaluations that have been the type of

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