equity trading down 4%, and fixed income currency and commodities trading down 21% here is the ceo mike corbattpressing the sentiment that drove that trading miss. >> people went from some cases to having reasonable years to is actually having down years we saw kind of a mindset that manifested itself in similar ways for those people that managed to get there and be up, they wanted to protect their ups and weren't willing to necessarily be that active, and those that were down said i'm down. i don't want to risk being down further. we really saw a precipitous drop-off of client activity as a result of that >> despite that tough environment, the bank stocks traded higher today. on tuesday the focus turns to jp morgan and wells fargo will fred frost, cnbc business news, new york >>> you can also catch our first on cnbc interview with welds fargo cfo this evening on closing bell that's also with will fred frost. i'm happy to bring in senior investment manager from aberdeen standard investments who brings us down the line john, i know that's your bond investor we saw a big reaction in equity market