Fast money starts right now live in the NASDAQ market site overlooking New York

City's Times Square. I'm Melissa Lear. Traders on the desk for Tim Seymour, Brian

Kelly, Steve Grasso and Guyadami. Tonight on Fast it was a nightmare on Wall Street with selling sweeping across the

broader markets but a top strategist from JP Morgan says do not panic the year end

rally is still happening. He'll join us in just a few moments to explain why.

Plus the pain doesn't seem to end for Apple getting slammed again today.

How much worse could it get for the Tech Giant?

We'll explain, but we start off with a major market sell off the Dow, getting crushed,

and once the selling started, it didn't stop.

The Dow closed down 800 points near the lows of the session, having its worst day since October

10th, and this is the chart that said Shockways through Wall Street, the long-awaited

inversion of the Yolkur where the two-year yield went above the 10, the five-year

yield. It is an indicator that the economy is weakening and perhaps a recession could

be around the corner.

So are things about to get a lot worse?

And what do you do right now, Guy?

Well, last night we started the show and you asked me what I thought and I thought the market

would grind higher the rest of the year, maybe some fits and starts, but in terms

of the seasonality that December brings, we'd go higher.

So much for that, at least for today.

But kudos to Brian Tim and Steve, I mean, they all talked about fading this rally for many different reasons

that proved to be correct but in terms of the yield curve a couple things I thought the

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