The Risk of a Black Swan Event

markets didn't move at all, they were up a little bit for the first like 45 minutes. Then as has been the case, pretty much every time we've had one of these pressers, then in the final half hour of trading, you get a lot of sell off from I think some short term phenomena. Today Dow ended up dropping what was it here? Two hundred and seventy points, point eight percent. The S&P was down point seven percent. The NASDAQ was down almost point five percent. And so again, there's that contradiction where the bond market loved it and is pricing in lower rates longer term.