tom: i don't do momentum like katie stockton does momentum. or international markets than you do for domestic spx or dow multinationals? katie: not in this case. if you look at the correlations right now, if you look at benchmarks and emerging-market benchmarks, they all look similar. even crude oil is similar to the s&p 500. i think we can rely on the same tools. there may be environments where there are more -- there is more divergence. francine: talk to me about correlations. we used to have them and then they broke apart. maybe 2018 is when correlations come back. john: i think it's tens on the market and correlations. -- i think what's more important is understanding a macro policy environment causes markets to move. difference in 2018 versus previous years is you have more upside risk on inflation. that inverts some typical correlations, particularly between fixed income and macro equities. are we back to correlation or cross-sections when treasuries hit 3, 3 .5? you saw aink if treasury at 3.5% it is probably because the fed is moving qu

if it was rebounding, ask mike santoli, he knows that would fail we will talk to katie stockton who mightive us insight. we'll be down 10% again. >> it only took three points from the dow >> from yesterday. >> we are talking about correction territory for the dow only not for the s&p or the nasdaq. >> the nasdaq was just at a high >> only about 5% or 6% off the highs of the nasdaq. >> when we do -- shoot something with our promo people, and they say go in, you can find it, is this dropbox >> i think so. >> i have used dropbox dropbox is coming public today, and i know what it is. >> breaking news >> dropbox -- >> a technology stock that joe has used >> next "squawk box. maybe not. lock box dropbox pricing its ipo at $21 a share, above the expected rate seems like a terrible day to go public the software company selling 36 million shares in its initial offering, valuing the company at 9$9.2 billion it will begin trading under dbx. >>> facebook chief operating officer sheryl sandberg apologizing for the cambridge analytica data scandal on an exclusive interview on cnbc. >> this was a huge b

charts for guidance and other technical analysis our guest is one of the best in reading them katie stocktonght back on cnbc. we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. >>> welcome back to "squawk box," everybody. joining us right now to talk about everything we've seen happening in the markets is kalty stokal katie stockton she is the founding manager of fair lead strategies she was chief technical strategist at btig thank you for being here with the new company. >> of course. >> sorry >> i'm here. >> i had to get my egg you say we go to where what was your projected low? we went through it. >> initially i thought it was 5%. >> 27? what was your number on th