And right now on the fast markets plunging 10 the week closing back in on the lows of the year inflation at 40 year highs

Sentiment at record lows. Is there more pain ahead and how can you brace yourself for this volatility plus the most important move in the market

While one of our traders says the action in gold today could signal some big trouble ahead and

Believe it or not. We were able to find just a couple just a couple names that managed to eek out games today

We're going to tell you what they were and bring you those trades. I am Frank Holland in from a list of lead

This is fast money live from the Nasdaq market site right in the height of time square on the desk tonight all-star cast

Tim Seymour Brian Kelly Steve Grasso and Pete Nigerian co-founder of Market Rebellion dot com

And we start with that deep sea of red on Wall Street the S&P plunging nearly 3%

Closing back within a percent of bear market territory that has that dropping 3.5% Apple dropping nearly 4% Amazon

Down more than 5.5% a lot of exposure to the consumer there all major indexes within a whisper of their lows of the year and

Take a look at the move in rates the two-year treasury yields surging above the 3% mark for the first time since all the way back in

2008 the reason for all this turmoil inflation clocking in hotter than expected in May the jump so jarring that now not one

Not to I'm channeling my inner LeBron James right now three, but we're talking about banks not championships

They're calling for a 75 basis point rate hike at the Fed meeting just next week

So with a more aggressive Fed and a continually fall to market. I like the Steve's nodding. I appreciate that support

How should investors set themselves up right now? Tim Seymour you're over there. You just started nodding

I'm gonna go over to you all nod and first of all

It's a somber day, but it's an exciting day to have you at the Nasdaq Frank for the first time on fast

Awesome great to have you here. This is way of correction is like this is not my first time

First time in that chair doing that thing. It's awesome great to have you and and it's a day when look

I know that equities are front and center and we we have some levels on the S&P certainly a closing level

It's back to those lows didn't get to the intraday low of I think 3811 Steve probably knows that number by heart

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