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This is CBS Eye on the World. Here's John Batchler.

Watching the markets react to the Federal Reserve. I welcome Brett Arons of MarketWatch, who

is Break the Glass Brett. Break the Glass means when there's an emergency on Wall Street

that means sinking stocks. You break the glass and comment and Brett is here to comment

on not the sinking but the expectation of sinking. The Warning from Bank America. This

is MarketWatch reporting in these last hours.

Warning from Bank America's strategist led by Michael Hartnet expects the S&P 500 SBX

that's all bundled together to the basket.

It will be 7% weaker by March. That's within days. As they wait into the no-landing debate,

they add this remark, something always breaks when the Fed tightens. The Fed tightened last

year with jumbo hikes and then in February with a quarter point. Now there is talk, just

talk of a half a point in March. That tells us something's going to break as Bank of America.

But something broke the first time they started tightening. But it was something colorful,

but not very fundamental. That was crypto itself. Broke. Then I think the Mem stocks broke,

...