The stock market is down on Tuesday. Is this an overreaction or the reaction we should

have had yesterday? Molly full of money with the Hidden Jems team starts now.

Welcome to the show. I am Travis Hoym, joined today by Lou Whiteman and Matt Frankel.

And guys, we have to start with the news of the day.

The markets are down pretty big, both the NASDAQ 500 and the NASDAQ composite down over one and a half percentage points.

Crude oil is up 8% as we're recording.

Lou, this is all in reaction to what's going on in the Middle East right now.

But what's interesting about this is this didn't happen yesterday.

These attacks, all the destruction that's going on started over the weekend. You would have

thought, theoretically, that yesterday we would have had a big reaction from the market. They waited

a day. So what's going on here? It's a great question. I mean, it started to happen yesterday,

and then it suddenly turned around and didn't happen. I think part of this, and, you know, it's not, we're not a

political show or anything, but there is what they call the taco trade. I think there is

the assumption always out there in the markets that whatever new thing has happened will get

turned around before it spirals out of control. Maybe today is comments overnight saying we can

go as long as it takes, we're not

going to back down, just kind of that energy seeping out of the market. But also, it could just

be, wow, taco trade or not, this is serious stuff and it could get complicated quickly. It's

risk off because there's a lot of risk.

Matt, what are you thinking when you look at the market being down like this? Is this something

that we should be worried about? Is it a buying opportunity? Where's your head at?

Well, there were a couple of developments since yesterday that I think are contributing to this.

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