rick reeder on whether inflation has peaked and how to make money on bonds.here's a chance the midterm elections will result in the biden government and gridlock in dc that could be good news for the market. we begin with three things investors should be thinking about. if you haven't been investing in tech it was a good week for the markets and better-than-expected third-quarter gdp report for the soft landing. if you are invested in text, apple selloff beat results with amazon, med and other tech giants shook investors confidence with disappointing earnings and chinese president xi jinping's consolidation of power raising the question is china and investable. my colleagues been levisohn, carleton glitch and jack hough. tech mostly mostly have an off weekend the s&p is off 5%. what happened? ben: a tough week for big tech stocks not named apple. the dow finished up 5.7% which is amazing. it is a little about earnings, the market is looking at the meeting next week, we are going to get a signal the fed will slow down the rate hikes and that is the thing that

i talked to rick reeder earlier today and i asked him about illiquidity in the bond market and i said, rick, if a 10 on the rickster scale is 2008, the financial crisis and march 2020, the pandemic, i said what is it today. and he said it's about a 6 illiquidity in the market. maybe worth having rick on again with you guys. but we are monitoring this illiquidity thing, not ready to ring the alarm bells on it but you've got to listen to it england may not be out of it who knows if they're going to stop buying bonds to save the pension thing there. maybe it's a black swan event you've got to worry about over here that could certainly stop the fed. i don't think he's crazy maybe johnson's off by maybe half a point, but i think this 4.5% range is something worth monitoring when they get there i expect the fed to go sort of flat, not raise anymore and hope that inflation comes down underneath that consistent rate because i think it'll be a while before the fed reverses course. >> so, brin, then 75 in november, and let's just assume that then it's 50 in december or whatever it is, and then