Right now and fast the great disconnect equity markets holding study today the dad rising

130 points even as rates hit their highest levels of the year. So why do stocks and bonds

seem to be reading two vastly different messages out of the Fed. Plus rotten apples shares the

iPhone maker hitting their highest close of the year earlier this week. But today's

action has the chart master seeing something sour. We revisit his sell it all call to find

out what to do now. And later dearly beloved shares of the tractor may couldn't resist

shares of the tractor maker seeing their biggest pop in nearly two years in the back of

earnings. But is the rally for real or is it too good to be true. I'm Melissa Lee this

is fast money we're live with the NASX market site in the hard times square on the

best tonight. Tim Seymour Courtney Garcia Steve Grasso and Carter Worth and we start off

with a deep divergence between stocks and bonds the yield on 10 year treasuries hitting

its highest level since November early in the session as expectations for more aggressive

rate hike screw yields ending the day a little lower but still near the highs of the

year. Meantime stocks closing near their highs of the day with a doubt gaining nearly 130 points

in NASX down today but still managed to post a game for the week. So which of these markets

is getting the read right and of course this comes on the heels of a lot of very hawkish

Fed speak. We had a couple of banks today saying that they're adding a rate hike to their

expectations and now expecting a 25 basis point hike in June and yet the market reaction

sort of like yeah I don't care Tim. Well if you look at Fed fund futures they have moved

out and they've moved higher so in other words not only the higher for longer but the fact

that we're moving out to August it wouldn't be surprised it wouldn't surprise me if we

got to September maybe October soon in terms of peak Fed funds. It's a week where you

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