I add right now on fast your money on the edge all the major index is following today the

Dow down nearly 900 points plus 2600 points in just four sessions the S&B 500 closing in

a bear market in tech stocks hit even harder for the Nasdaq now losing nearly one third

of its value just this year the Federal Reserve now signaling it could raise rates on Wednesday

by three fours of a percent one of the biggest one-meeting moves we have ever seen crypto collapsing

even more Bitcoin down 19% ether down 25% it lost a quarter of its value just one day Coinbase

micro strategy in square all getting crushed with it and it is not just the financial markets rising

rates a real risk to real estate in the value of your home since the start of the year the rate

on a 30-year mortgage it is double good evening everybody I think I'm Brian Sullivan in

for Melissa Lee tonight and this is fast money as always right here live for the Nasdaq

market site and on your desk tonight a much needed team Tim Seymour then Nathan Guyadami

and Pete Nigerian co-founder of MarketRebellion.com and we begin with that massive market sell-off

on Wall Street the S&P 500 plunging nearly 4% it is down 22% off its all time high in January

that puts the index in its first official bear market minus 20% from a high since the pandemic

loads the Dow dropping 600 plus points for the third straight day is the first time it's done

that ever and Nasdaq now down with 33% from its record in the meantime let's take a look at what

maybe driving this and that is actually the bond market 10-year yield spiking above 3.3% the

highest level in 11 years it jumped 25 basis points or a quarter of 1% today and for bonds

that is a big move in fact the biggest since March of 2020 to 2-year also rising to its highest

level since 2007 trading slightly above the 10-year in the last few minutes all this is markets

and investors prep for this week's big fed meeting or chances of an even more aggressive central

bank are rising by the day. Guaidami were you watching the stock market more or were you

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