lineup of guests for you including liz ann saunders from charles schwab former treasury secretary jack lew, chart expert jeff degraph, and mary phillips from dm dimensional. mike, british pound, i talked to the head of a big trading desk also just said a lot of people were prepositioned and hedged for a bad cpi report we got that, they cashed in. they took off those hedges, and then the market took off. >> there's no doubt about it the plan was the play book was set, and you saw this, people saying it ahead of time. if you got a hotter than expected cpi, we'd probably trade down 2%. last time a month ago we traded down 4% in the s&p i don't think, though, it's just the lifting of hedges. here's the last week, the five days in the s&p 500. it is not just the fact that we went down, it's how far we've gone down in the last month or so, in the last few days, and the level we reached so we were under pressure here the slingshot gets pulled back right there in the morning trade. we got to 3,500 almost exactly on the s&p 500 a lot of folks stalking that area because it has some significance in t