Welcome everybody to the closing bell up Scott Wobner live from post nine here at the New York stock exchange and this make-or-break hour begins with stocks in major sell-off mode a direct result of what bed chair jaypal told Congress today that the Central Bank might go faster, higher, and stay longer than originally thought if the economy remains too hot and inflation remains too sticky.

Take a look at your scorecard with 60 minutes to go now in regulation.

The Dow is really sliding here down just about 600 points.

The S&P has been around that key 4,000 level for much of the session.

It's had a little bit more of a sell off of late,

so it's got some work to do to close back above their.

Bond yields are the story of the moment.

The two-year, 5% above it, first time since June of 07.

Keep your eye there because as the two year was rising,

the stock market was falling.

And that leads us to our talk of the tape.

Just how long can stocks remain resilient as they have of late? of the

talk stocks remain resilient as they have of late, given all that lies ahead for your money.

And we have all hands on deck this hour to discuss that very question.

Joe Terranova, A Virt Verdes Investment Partners and a

c. A c.

Contributor joins me here at Post 9 along with Lauren Goodwin of New York Life.

Our senior economics reporter Steve Leisman, senior markets commentator Mike Santoli, so

everybody is here and for good reason Joe the market did not like

What Powell had to say today and we talked about what happened with bonds and stocks are still reacting

Well, I guess it is the pace of rate hikes

that traders have to be concerned with, not the duration,

...