the s&p down about 0.3 other way around, dow down 0.3 michael farr a cnbc contributor joins us againt feels like we stopped the rock in tech two days ago, but it's leading the market lower again. >> it is i think on the heels of the fed news yesterday, markets are still trying to find a direction. u.s. markets of course yesterday we ended up with not a bad day at all asia didn't treat that news quite as kindly. of course prices have fallen we'll see how the u.s. reacts today. i wouldn't be surprised to see a selloff early on and a rally later on in the day. that's been a pattern we've seen over the past few months but we certainly have seen tech cracking, particularly the fang stocks in the u.s. going lower that could continue as we get weakness in the tech sector and sector rotation as we come in to quarter end. >> would you say it's politics the uncertainty around washington that is impacting sentiment today? yesterday we heard all the political noise is distracting investors, and they should focus on the fundamentals. the fact thaerning inthat earnh continues to improve >> it's al

farr, miller and washington. good as always to see you, michael. welcome back. >> thank you, sue. nice to be here. >> we laid out the case of what might be able to influence stocks. but you say at this point, given what's lying ahead for the market this week, investors need to be very cautious. >> well, i've been saying that for a while, sue. and geez, i listened to the list and listened to rick santoli and everything else, everything was in there except for the kitchen sink. i think of all of the things that maybe we should be concerned you know, i get simple when things are complicated. stocks have been high for a long ti we haven't had any significant correction in a long time. this is also, i've heard more people call for a market top than i can even remember. and the market top just won't happen. so you get into one of these periods where you say, well, maybe the market's never going to go down again and that's usually when you're about to lose. yes, i say be cautious. i think these conditions probably can't go on forever. but complacency is really an enemy at this point. >>

. >> michael farr, ceo of farr, miller and washington. mr. wonderful himself, kevin e o'leary himself the markets have turned south. the dow jones industrial average is down 158 points about 3/4 of 1%. the nasdaq is your big decliner. that is down 1.73% we'll get more in the tech weakness coming up the yield on the ten year note is in fact inching a bit higher today. john najarian you pointed out before the show that there is a lot of things we can point to but that euro was weak what is the root cause of what we are seeing today? >> i think some of the comments from draghi and some of the things that have been going on over seas, not the lack of growth i know kevin's going to hit on that for sure because that's one of his big points about why you should be invested in europe, but i think people just decided to take a little off at the end of the quarter here, kev i think the europe spillover came over into our markets, brian, because buy room or sell news, it was virtually assured perhaps wells fargo would have been an outlier. everybody els

bitcoin, gold is at a high for the year now, and joining us now, michael farr in washington, keith blissere at post nine with us, and rick santelli checks in from the cme in chicago. struck by the chart that kayla showed of optimism, looks like the stock market. just holding steady for quite a while here. >> going nowhere. stuck in the middle and no one seems to care. >> waiting for something? what do you think? >> absolutely is. market's on the knife's edge. if you look at the four major averages, they are positioned well from a technical standpoint. my quantitative models suggest that as well, but we shouldn't ignore troubling signs out there like you just cited two of them. the ten-year is at a year low, gold at a year high, the two ten spread has come in 18 basis points in just one month. that started -- that could be bad news for a lot of sectors, mostly financials. >> people start thinking about b buying on the downside. >> a cheap fix. >> that's right. you think about the stock market being on a knife's edge, in those situations, market can fall off the map quicker than to rally u