." >> jim bianco, you're the perfect guy here i'm glad i was on vacation, i come back, we still haven'trced the veil of 3% but we're getting close today. when i look back at last week, the inflation data was before that, it wasn't threatening. so what exactly has pushed this market into the zone where we are now contending with what we thought we would contend with in january, a breach of 3%? >> i think it is the expectation that things break even, and a lot of other measures have moved higher the market is worrying that inflation might be stirring. let me interpret that for you. the market is worried about quantitative tightening. we had quantitative easing for nine years that was a tailwind for the market when we see inflation coming back, maybe we say it's good for the economy, the market hears, you're going to take away my drug of easy money, and we start to see turbulence. we saw that late last week too >> there was a period at the end of last year and beginning of this year, when the stock market still had no major corrections and the whole concept of rates moving higher seemed mo