stock futures right now and bring in katie stockton, fairlead strategies founder and managing partnertie, this has been a pretty decent losing streak we've had is there any bottom mark in your mind >> we don't have those indications as of yet. we look at things like the monthly overbought/oversold measures, and while they're oversold, we're seeing some kind of retest, and that's are characteristic of a bear market cycle, which, as you know, can be long. have no indications about a long-term low. but there are indications we're getting into a shorter term low. i think these sort of countertrend rallies are really very difficult to time, and that's because they're have fast and furious, very short lived. and we saw that, of course, last week with a very explosive two-day up move. but what we have now for the s&p 500 unfortunately is a decisive breakdown with the um issertime lows it does obviously show that the downtrend that's been intact here to date still very much has a hold on the market. >> if that's the case, let's say hypothetically i can't do this but i can do it if i'm a futur

katie stockton, thanks so much for your time today.te it we'll have you back soon >> of course >> katie stockton. still ahead we are 12 days away from the midterms and the biden administration is now going full throttle on economic messaging to try and stave off a red wave. those details and whether the ats xtthr meumn eimont th ine (clearing throat) what do you... got there? a hospital bill for me? mm-hmm. for $1,200? ga-a-a-ap! did you say "gap"? yeah, he did. he's talking about expenses that health insurance doesn't cover. ga-a-a-ap! uh-uh. aflac! that's why there's aflac. it pays you money to help close that gap. aflac, huh? don't tell me he high stepping. af-lac, af-lac! he stole my move! get help with expenses health insurance doesn't cover at... aflac! ...dot com. (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, health insurance doesn't cover at... you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on tim

joining us now, katie stockton with a new call i think on treasury yields as we are looking at at least making or matching the highs here on the ten-year yield >> that's right. we have an unconfirmed breakout above 4% that happened as of last friday. the breakout would be confirmed on a close above that level this friday we always wait for confirmation just given the propensity. if that's confirmed, the next resistant level is 5.25. we didn't think we'd be talking about that this year and here we are. yet that would be a longer term target so maybe six months plus. so i don't think it's relevant in the near term, but it would be the next objective for treasury yields if indeed this breakout is confirmed and yet there are some signs of exhaustion based on our countertrend signals these are signals that we haven't seen since may and june. it would suggest that we'll see some corrective action in yields here in the near term. maybe over the coming two months >> so a peak, a near term peak is that what you're calling? >> yeah, it would be a short-term peak for yields and then we'd expect th

katie stockton was here thursday and we went over this and again, we get to that 35 level.otentially 80-90. the bottom line is you also agree this has got to go higher before the coast is clear. >> i would say historically, it be unusual if we got some end to this bear market without a very cap capitulating moment in volatility. so it's basically a moment of credit so higher vix would mean credit deterioration. charles: which is happening. >> its begun to happen the last couple weeks. charles: where would we go potentiallily historically north of 40, 50? >> i think north of 40. charles: okay. >> as a minimum standard for what you would see kind of at the culmination or some end to a bear market. charles: and real quick, we got 30 seconds. i can't leave without something to hold on to, right? merck acting pretty good, great. got a little bit of a triangle thing going but we're holding above that 200 day. >> in markets like this we need to be very mindful of where the leadership is coming from. it tends to be the leadership on the other side. pharma, murk is an example. you s

people reported moderate shaking in the north bay, east bay , and san francisco, even as far as stockton. katie nielsen was in san jose when the quake hits. hi , katie. >> reporter: we were here in the rose garden neighborhood working on a different story, and that's when we felt the ground start to rock. it wasn't really a jolt. more of a rumbling, rolling motion that people we talked to said they not only felt it, but they heard it. >> i was in the middle of a massage, so i was very relaxed. until that happen. but it didn't scare me because it didn't last very long. >> reporter: the shaking only lasted about 20 seconds, but she immediately thought of one thing. >> october 17th. yes. here we are again. >> reporter: she and her family lost their home in the santa cruz mountains during the 1981 quake when their two-story house slid 15 feet off its foundation. thankfully , this time, her home is fine. some of patsy's neighbors said they didn't know what was happening at first. >> i thought someone was driving by with loud music. i thought maybe a big plane overhead. then it was something i had ne

us like a sledgehammer new lows were they new lows i see it as testing new lows we have to ask katie stockton the next time she's on >> she said two weeks in a row. >> this is testing those you get credit suisse and that's probably not going to turn into what we thought. it happened over there it happened here that's the kind of data dependency it is not ppi or cpi >> that's a good sign. >> it's a good sign in -- remember the fed transitory transitory tran transitory we're raising. we're raising. they need to be led around the whites of their eyes you need to see. they were this far away. >> you call for the central banks to he's up >> i have been doing that for a while. >> the head of the world bank said it a while ago. >> because i think near term and in in in in in in intermediate term. we may get -- is it friday >> no, today's tuesday. >> we have friday and the jobs numbers on friday. we will get an idea. >> they will say it is an out dated view it is a month old. >> it might already be slowing >> with the claims number. >> we'll see >> maybe it will be. >> you know what today is today? n

i don't think katie stockton would say we violated them, although she thinks we will.,200. most people think 3,200 is in the cards. do you >> let's play a game, can we >> i don't know. >> we'll keep it simple. >> i don't know you that well. >> let's say the earnings consensus is $200 next year. we submit that is too high give me a number where would come down? amd and nike and fedex bringing down numbers let's have you throw out a number >> first i would say did you mean nike? >> nike, dow, fedex, amd. >> that was my first question. you have to have a multiple, right? the multiple is what matters what do you think? you want to cut 10% off it what would that be 16 >> it is too early for that math 220. 200. if we put a multiple and we are conservative, we make it 14. more glass half full, make it 18 anywhere in there, you are coming out with an s&p valued at 3,000 and 4,000. if we keep it simple, we try to overcomplicate things. we have a market that can get up to about 4,000 it could go down to 3,000. probably won't to your point, if the 3,200 is the bottom floor, we're

katie fang. we're gonna begin this morning show with breaking news out of california. and the possible big break in an investigation that has been going on for months. stockton police arrested a suspected serial killer connected to the deaths of six people. authorities believe that he was caught on his way to kill -- . nbc's laura barrett has more. >> a new development from stockton police. after months of unanswered questions. >> they found tips coming to the departments stopped in crime stoppers. where we were able to zero in on a possible suspect. our surveillance team followed this person while he was driving. we watched his patterns. and determined early this morning that he was on a mission to kill. he was out hunting. arrested was wesley. 43. for a homicide. >> stopped in chief of police, stanley mcfadden, says he sure that his officers prevented another killing. and that the suspect was carrying a firearm when taken into custody. up until now, stopped in police had been investigating a string of shootings suspected to be conducted by a possible serial killer. federal officials join the search when several shootings, six of them deadly, appear to be c