joe: this chart comes from dan hurley of apex capital. it is called solar city spread.he gap between where solar city is trading now and where it would be trading now if investors assumed the merger were a done deal. it is growing ready wide. gap between where solar city is and a nominal takeout. there was a lot of skepticism. people get nervous, everything is kind of like, you run hot and cold because people -- matt: if you buy the merger story, you can buy solar city. or you could get steamrolled. the s&p 500 index, global equities and emerging market assets all tumbled at least 2% in the biggest route since britain seceded from the european union. more about this selloff. ♪ scarlet: let's get a recap. a lot of red on the screen. the nasdaq a racing to weeks of gains. you can see almost 401 lost. all 30 points for lower. the s&p 500 members have declined. glance, we close that session lows. we are wondering if this session close marks a clues inflection point on whether this is just a breakout from a summer of come treaties. what i think it depends on they say on mond