I'm Melissa Lee, and this is Fast Money.

Tonight's Trader lineup, Guy Adami, Tim Seymour, Jeff Mills, and Brian Kelly.

We start off with a major sell-off rocking wall street, all three major averages, finishing

the day deep in the red, the tech trade taking the brunt of this pain, the Nasak plunge

in more than three and a half percent for its biggest loss since October, and the selling

it was relentless every S&P sector finishing the day, decidedly lower.

At the center of the sell-off rate shock, the yield on the 10-year treasury note, briefly

hitting 1.55 percent at highest level since last February.

So, in this new world of meme investing, does this meme sum up today's sell-off on wall

street?

Guy.

Well, you're assuming that I can see that, Mimi Mellon, as you know, I've no return, but

I was going to say you sent it to me, so I'm familiar with the Mimi, as you say, and

it's a, the tail wagging the dog as it is, or in this case, the tail being the bond

market, wagging the stonks, is that what the, the cool kids call it?

And I think that's absolutely what's going on, but it's not like we're talking about

this in a vacuum.

This is something we've been concerned about, literally for months.

Now, those, those concerns have been misguided until the last couple days, and now I think

it's coming to fruition.

I've thought for a long time, one and a half was sort of the line in the sand, and that's

where we got today.

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