it does indeed John thank you very much right now on fast mortgage rates hit

their highest level since 2000 and the 10 year keeps climbing but at the

same time growth in tech names like Nvidia Palo Alto keep rocketing higher so

why the mix messages from this market plus Beijing bomber China cuts a key

interest rate again as their slowdown and trouble real estate sector get

worse and will the pain on the mainland come crashing to our shores somehow and

later inside bitcoins summer slump a Monday turn around at Tesla and the

not so beautiful options action in Cody good evening everyone I'm Tyler

Madison in from a list of Lee this is fast money live from the Nasdaq

market site and on the desk tonight Monle and Ison Dan Nathan Guaidami and

Julie Bell Biel excuse me Julie is remote tonight but she's with us

nevertheless and we start with two market moves you was sort of wouldn't think

should happen at the same time let's start in the bond market the 10 year

treasury yield rising again today hitting its highest level in almost 16

years the 30 year yield touching highs not seen since 2011 and that is sending

mortgage rates to their highest level since November of 2000 the average 30 year

fixed hitting 7.48 percent it was just 3% at the start of last year yet

tax stocks which typically struggle when rates are rising high rate

environment they're jumping they jump today the Nasdaq rising for the first

time in five sessions rallying almost 2% 1.56 high-growth high multiple

names like Palo Alto Nvidia Crowdstrike led the charge today so how are these

two seemingly opposing forces both finding life in this market let's talk

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