phillip streible of rjo futures joins us on this monday morning to take a look at the week ahead. good morning to you. - good morning to you. - is the summer sell-off here, phillip? - if you look at the equities, we saw a 530-point drop in the dow last week. we saw the s&p breaks some key moving averages. i think it really is. - what about margin calls? what do you anticipate? - well, what we are probably going to see is, with a high volatility, the cme group, the imx, these exchanges, they are most likely going to increase margin requirements on products like gold, silver, crude oil, a lot of these currencies, big moving products to make the products more in line with the amount of money you should have in your account in order to control them. so, i anticipate that margins get hiked, and margin calls start to come in. - it all just feeds off itself. what about the breakdown in bonds, phillip? - well, we are starting to see those yields really move higher, especially the 10-year and the 30-year note. the big problem is that bernanke indicated that he's most likely going to start t