oliver renick is with us on set. talking about the relative calm we are seeing in the market and it has kind of settled down, hasn't it? oliver: and not just from the not going down perspective, but we have gone out. if you look at the s&p 500 it is date outside moves starting the year, whether it is up, down, moving the s&p in either direction -- carol: lack of news or a good sign according to traders and investors? oliver: hard to say. this was on a lot of low volume and there were questions about whether or not it was just shorts and all that stuff but what is telling in terms of the move, couple days here, as compared to previous weeks, if you look at from march 16, when the last fed meeting was come up to yesterday, the market move but inpercent upwards, the past two days we have seen a move of triple that, 1.5%. think the not you entire regard as people waiting on the dovish as an waiting on the fed, that is up for debate. definitely the past couple of days the market feels good about what is happening in terms

david: oliver renick joins us now. i'm curious, because the length of this campaign process has been unprecedented. as you interview people, are they saying that the elections are playing an outsized role compared to the past? oliver: it is hard to quantify that but it has been going on a long time. it is hard to ignore it. when you have any kind of event that brings a certain amount of uncertainty, to have to address it. will the seven impact come, and at some point will we have to take an assessment of what this means is this person gets elected, prison b gets -- person b gets elected. there are things in a market that have much more of an impact on fundamentals, whether you want an exposure to risk assets, and that is what is driving the day to day. i think day today supports the idea that this election is not having a huge impact on how trading happens right now. if you look at the caucuses, the big ones, you don't see huge moves. tracy: well, if it is not politics, talk to us about what is weighing on investors' m

here is oliver renick. .ey, oliver we just showed the dash for trash chart. why you seeing something similar in terms of stocks and risk appetite? oliver: perhaps. we were asked earlier about short interest in stocks and where people are getting short and to some extent they can be short in this market. there has always sleep in a lot of covering and whether that is something that can sustain or keep prices going upwards as a result of people covering the positions i think is starting to become a harder case to make. if you look at what is been the past couple of days, it has been a market that is slowly gone up, up, the bulldged market we have talked about it and the strength in the market has been a good example of that. yesterday we look at this big statement from yellen, which was extremely dovish. brought up the idea that if you get deep into the tech, the possibility of reversing here at these are these tools that we have that worked previously and have been floating that out there in the markets like it a lot. we have a chart looking and basically the

thank you very much, oliver renick of bloomberg news. talkst: our next guest about how janet yellen should approach any potential interest rate increases. mark: oklahoma city police today saying the former ceo of chesapeake energy was going 78 miles per hour when his car slammed into a bridge embankment earlier this month. he caps on the break several times, but didn't act to slow the vehicle in the last 31 feet before the crash. his death came a week after he was charged with rigging bids for oil and gas releases. donald trump leads marco rubio in florida. just before the winner take all primary vote, the survey has rubio leading 44% through 27%. ohio governor john kasich with 9%. to shocks he's going the country by winning florida's winner take all flora -- winner take all primary tomorrow. has ordered his main military force to begin withdrawing from syria. in a meeting, president putin said the pullout should begin tomorrow. me peace talks resume today in geneva. they were described as positive and constructive. after more than 18 mo

. -- oliver renick., butot when you talk about push and pull, pulling is what is bringing up the market and keeping it from crashing further. we've got a great chart here breaking down how the short stocks have been performing compared to the overall index. goldman sachs, rolling short on the s&p versus the s&p itself. year to date you can see the s&p is up around 9% to 10%. the outperform is the biggest degree of win for the shortest stocks for that time, going back to like 2008. in the back of that you can see what's happening in terms of short interests. when you look at the terms of how many people are out there shorting stocks, it's pretty amazing, it's still very high despite the covering of the magnitude of shorts to such a degree that they are still pretty high up compared to where they have been in history. looking at where it happened, breaking it down in the market, it's hard to deny with happening here. you can see that the average change is pretty much flat. stocks are moving up on average,

here to wrap up the month that was is oliver renick. est change we saw this month? oliver: a lack of volatility. it has been the talking point for several weeks now. just look at what happened from january to february, not only was there a lot of weakness, but ton -- when you have that compounded with the central-bank yellen thisjanet week and mario draghi whipping out the bazooka and going full , it feels much more similar to the market of yesteryear when you had qe around the world and here and a market that slowly floats upward. that is a big deal. alix: you sent this fantastic chart to me yesterday. this is the absolute value close to close of the s&p. tens of 1%, we saw or more -- here in march, you had just three. that is really unbelievable. since august, it's been pretty well above that redline. since august, the market took a distinct turn from the quiet bull rally into the much more can you list -- cumulative trading rally. we will find out whether or not people care about earnings. alix: you mentioned earlier to me that earnin