we bring in the great scott redler. mr.ler some months ago you took some cash and put it into the s&p. that was a good trade. right now what do you do with cash you have at the moment? >> depends on your time frame, i always said if you're macro investor you put money in every single month. this will help your average cost. i did it in the intermediate cash account three different times. s&p was 4 270. i went whack at one tier, people in cash, one tier goes to work. everyone talking if reset of 3640. that is where the second-tier goes in. if we break that potentially, we get market discovery. that is where you do a third. historically over time the bull market wins. if you do it in s&p funds, doing it with stocks, that is another story. trade for a living like i do, five up days into the binary event, have to be long or very light today with some hedges. that is how i tried to have my community as well. liz: scott bauer, tell me about the options market, where you're seeing the flows, what that should tell our investor audi

to dutch masters and scott redler. scott, let me start by putting you on the spot a little bit here. should investors trade these narrows, limited market moves ahead of wednesday or sit on their hands? >> depends on the day. this morning there was a nice opportunity the, you know, the s&p futures were down 30 handles, and it made some sense that if you had some cash to put to work, there was a mice trade there. but there's a difference for a trade from moment to moment, minute time frames sometimes. morning was a very profitable one. a lot of things went from red to green, but if you're like an intermediate investor, if you didn't put any few money to work this year with the s&p down i think 18, 19% but i off lows, this is a good spat to start. but i -- can spot to start. we're 2 the 00 handles off the low of the year, below resistance, and the fed won't be done on wednesday. so with that being said, there's still some more time to feel economic pain. like you said, the housing index is at a nine month low, but it's onl

get right to the floor show and see if the traders agree with larry fink, scott redler, kenny pulkaris hard to play devil's advocate because he's right. too much spending by the government is dousing whatever fire power the fed could possibly have. >> he's absolutely right and i think he got that from my note by the way, just saying. no. but i think he's absolutely right; right. so the feds in this very awkward position because the biden's keep spending like a drunken sailor and the feds now in a position to try and control inflation. something which we see has been difficult for them to do and, you know, the rally today i think is to your point, you know, that hint that maybe after september, they can pull back and go 50 basis points, but i don't think that comment changed anything about september no mattedder the basis and cpi and expects it to be better and it'll decrease a bit and that's not going to affect the decision that the fed makes on the 20th of september when they should in fact raise rates at 75 and take a step back because they'll have six weeks to go before the next me

i want to bring in scott redler to the conversation and we have to show the two year yield and we've shown the 10-year yield and that's been climbing, climbing, climbing and the two year is crazy once again. 4.316 at the moment. how does this affect the psychology around equities? >> well, the yields have been affecting it for over a month now. every time you saw so m many of the different yields go up whether it was the 10 or 2 years, it was computer programs to sell the market. a lot looking at clues on which way to go like your other guess and u.s. dollars are going up and computers are selling equity so that's why we're trying to stay out of the way. if you remember, i believe middle of august, we were talking about summer top and will everyone was talking about a move back to highs and people didn't believe in what powell was going to do and how long he was going to stay the course. you know, i do think like, liz, we talked about opportunities and today is a very important day by the way. today, tomorrow, we're testing that 36, 36 area and i think your other guest said she was s