coming up on the show, much more today on the wild moves and we're joined by holly newman kroft, who has been bearish on this market. plus, we'll discuss the charges against ftx founder sam b bankman-fried with ira lee sorkin who represented bernie madoff we'll break down today's big swings now what they move for the market mike santoli at the dashboard. what happened to the rally >> we're talking about how the market was getting very tightly coiled ahead of this number and tomorrow's fed meeting we were really spring loaded remember yesterday afternoon markets started to drift higher. we added 1% in the last hour or so of trading yesterday. and in anticipation that a cooler than expected inflation number could cost a strong -- we got a 3% pop in the cpi. it ranked right exactly to that level right there, 4100 intraday the high from november 30th, so really this sort of tested level, repeatedly tested downtrend line so far backed off of that. we have the fed meeting tomorrow we wanted multiple months of cooler inflation we're getting it it is still not necessarily decisive in terms o