. >>> mike santilli here to break down the crucial moments of today's trading day.holmes is back with us, we would get his reaction on crowdstrike. mike santilli, we had a lot to get through today, and we are going to do it, and it looks like we are going to finish green across the board and i will put the russell in that mix, too. >> it is green, picking up about half of what was lost yesterday in the s&p. it shows you that there hasn't been some kind of a selling spiral unleashed by a down 1% today. but, i think it is a bit of a nuance to set up right now, the market has done absolutely nothing to make you doubt the overall trend, it didn't even pull back to its 20 day average. 20 stocks making a 52-week high today on the new york and nasdaq. it is all good, but i do think it has made sense that we flatten out ere. yesterday's low was basically where we reached first on, let's say, the 12th or 13th of february. so, it goes back three weeks, and that is the kind of thing i think is probably better, letting the market cool off and go from boiled to simmer, because o

. >> let's bring in emily rowland of john hancock investment and our commentator mike santilli. good to have you with us. you've been listening to the conversation. some people are trying to figure out if there is in fact a trend change in this market. how do you assess everything? >> first of all, you have to see the brake to know if it is going to have effects. you can't anticipate in advance and say this will cause the entire market to breakdown. i'm reminded of i was using the phase -- raise immaculate rotation. in 2013. 2013 was this kind of market where we broke towards a new high and it felt like we were ahead in general. every time it sort of started to falter, something else did pick up and it showed that there was a willingness to keep equity exposures high to maintain your risk levels in the market. just let things cool off and then reheat as needed. i'm not saying that we have this perfect rerun. that was a melt up year in general. but the start to this year feels and looks a lot 2017, 2013, 1995 were you did have a rally that was already running into the year and th

commentator mike santilli here to break down the crucial moments of this trading day.livery estimates. and martha coombs looking forward to earnings coming out in overtime today. we may hit a no all-time high, a record close for the snp. 5241.5. that's the number you need to watch. we have a new record close. >> first in less than a week, but three straight down days. i mentioned four bad closes in a row. he never got far from the high. we continue to just mature right at the highs, finding a way -- because there's a lot of turnover today in the index performance. you look at the winners, and the losers. it is and phase, and it is vf corp. and all the stuff that's been beaten up, and nvidia is down and chipotle is down. you are in the current of a lot of this rebalancing type action. it is happening in a very healthy way. that being said, i still think the question remains, we've managed a four week momentum underperformance. the highest momentum stocks for 4 weeks now have actually really cooled off relative to the rest of the take. the big question was, is something

i will go back to mike santilli.me off by about 10 points or so, still down roughly 100 points. a lot of focus on the mega caps. we are showing amazon and tesla continue their selloff. apple has been right around if not slightly below 170. all of it leading into chair powell tomorrow and i am wondering how you think the market is going to take whatever he says tomorrow, relative to this move that we have? >> i think the market represents is -- recognizes its dependency mode and therefore the fed does, as well. i don't think he wants to foreclose on any possibility, but we are going to keep our eyes open and we don't feel the economy needs to be rescued at that point, that is okay but it raises the stakes for how the economic data comes through from there. i thought, starting last november when inflation really showed decisive downside action that all of a sudden, that meant good news is good news, for the economy and the markets. that has been mostly the case. i think we are starting from a point where everybody has