joining us now, katie greifeld.hat are people saying about what is driving the market action here? reporter: it has been interesting to watch that breakdown. the s&p 500 is not down just 2%. while they are trying to focus on stimulus and a blue sweep, you are hearing chatter it could be a little more ominous. there is a warning out there that people are looking to raise cash. people are just trying to get their hands on that. we do have a fed meeting. there's the concern about whether they appear to be worried about this, whether it is on their radar. yes, it's causing quite a bit of damage in terms of market fundamentals. assetsu talk about these , will we see gold selloff more. actually it rose today. reporter: that is the tricky part. gold actually behaved today. jpmorgan pointed out you can look for alternatives to hedge -- alternative countries, that is, perhaps his. the problem is they are just not as reliable. -- gold'sk goals's behavior really fits into that narrative. have just fallen off a week. important,