in the final 30 minutes there was a late selloff. 500 slippinghe s&p from his three-week high.ber aportant to light volume quiet day. the dow rallied 200 points. week continues. i wanted to take a look at the stronger dollar. so much for the stronger dollar. u.s. currency has been trading in a tight range even after the fed began left off. ,.e white line here negative readings, if you see here, zero man here, the fed rate hike, what you can see is the dollar amounts bounce around . the debate is how quickly rates rise. the fed reminds is constantly it is data dependent. there is certainly no compelling evidence. >> the u.s. stock market will go down in 2016. 10 years the u.s. treasuries are quite attractive. because of my outlook for weakening economy, and actually i believe that we already are entering a recession in the night states. scarlet: joining us now, forecasting center chairman. macquarie called for a recession. joe: thank you for joining us. you see the u.s. going into a recession in 2016 and dragged down by weakness. >> this is a stable part of a unstable economy. i