Nasdaq 100 Drops More Than 1% as Bond Yields Surge

Obviously the cut was not a surprise. They don't tend to buck market expectations, especially when they are particularly dominant in one direction or another. We did expect what could be defined as a hawkish cut where they certainly didn't lay out any promises for the glide path going forward.And that's what happened. And just before I came on, you were talking about increasing dissents on the Fed. I agree.I think that that is a good thing. I think it also helps to temper some of the concerns about independ ...