joining us back at headquarters right now, jordan kotick. rdan, you have been bullish on this market this year. you have been rights. but the charts are telling you something different right now. explain. >> we're still bullish on the year. we expect a choppy tone in march and april. the down side, now we're climbing back up. that's exactly what we think the blueprint's going to be for the next couple of weeks, certainly into early april. we start off looking at the small caps. they've led their way to the top side. small caps are warning us, choppy times are ahead. let's look at the russell 2000. everybody with a chart knows there are areas where the market has generally stalled out. however, if you go a little bit deeper and look at the positioning, over the last 52 weeks, is aggressively bullish, to the point where the market has traditionally seen a pullback. even on a relative basis, the small caps have outperformed, but now they're starting to fall. which suggests just like we had about 12 months ago when they stopped their leadership,

jordan kotick at barclays capital and cnbc contributor. n this connection to me, jordan. >> oh, yeah, absolutely. look, before you talk about the bond market, you've got to under the fx market. there's been much too much ink spilt about what the euro is doing. the correlation between yen and interest rates is extremely close. so what i have behind me, the 26-week rolling correlation, because of the carry trade between yen and treasury yields. on average, 75% of the time it's a very strong correlation between yen and yields because of the carry trade. what we see now, when the market goes in periods when it wasn't correlated, it starts to enter areas we're seeing this year where the correlation starts to tighten. which is to say, if you want to have a view on rates, you need to have a view on yen. and if you want a view on yen, you need to have a view on rates. >> what's happening with interest rates? >> you have to watch. you've seen the 12% move higher in the dollar yen. and in the treasury bond market, there are big levels coming that are

. >> jordan kotick, thanks for joining us today. >>> maria? >> 15 minutes until the final bell sound for the day. the high is up almost 160. cbs has been the second best performers in the s&p 500 since the most recent market bottom in march of '09. co les moonves is with us today. first of all, he has been waiting for this moment. brian shackman, unveiling the movers, brian. >> you're underselling. i've been waiting two weeks now. what is the biggest franchisy of burger king in the entire country? if you knew the answer, you would be up double digits. calm, not so calm in trading. triple the volume on stock. i'll tell you why after the break. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, bo