Some of the steam is coming off your cup of coffee.

You're listening to Motley Full Money.

I'm Ricky Mulvey, joined today by Anthony Chavone.

And what a day to get you on the A segment.

There's a lot going on in the market.

I could not think of a better time to come on a segment. Have it to be here, Ricky.

Yesterday, the Federal Reserve wrapped up its open market meeting. And here's what seemed to happen.

Jerome Powell, the chair announced that the Fed would take rates down by another quarter point,

but that the rate of further cuts may slow. Yes, he prefaced it

by saying, don't take this literally because that may change, and also that inflation needed to behave.

This rate news triggered a sell-off in the market yesterday afternoon. S&P was down about 3%, which is a lot for the broad index.

So, and I got my markets in turmoil lawn sign. We don't have the Chiron that they do on CNBC,

so we go a little bit more old school. Should I put my markets in turmoil lawn sign out in my

front yard? Well, Ricky, as somebody who owns a lot of REITs, I've had my

markets and turmoil sign staked out in the lawn for about three years now. But seriously,

though, I mean, the S&P 500 is off like 4% from a tie. And I mean, if anything, I think

Wednesday's sell-off was was healthy. I mean, last year, the S-P-500 was up nearly 30%. And this year, we're up about, I think Wednesday's sell-off was healthy. I mean, last year, the SP 500 was up nearly 30%.

And this year we're up about, I think, 25% now.

So it's been two great years for the market.

And this year, we've really had no volatility in the market whatsoever.

I mean, we got the yen carry trade in, and I think August.

But, I mean, other than that, that's about it. So, I mean,

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