 T F N N headline news update and welcome to your 2 p.m. Update here on TF and in with me David White it's the last day of the month and also the last day for about 80 percent of Wall Street to get its bonuses so my guess is that we're not going to see much of a pullback we had maybe a little bit gone just a little bit a bridge too far on Friday my guess is we could probably close out around 3,900 on the S&P cash by the end of the day we'll see if anything else comes back in but not uncommon to lose a few points from the day before to the day of the last day of the month also interesting the Dow moved as a percentage more than it has back to 1976 again when we were starting to have huge increases in interest rates I can remember reminding myself a lot about a father who decided to get in a real estate with interest rates at 18 and 21 percent by 19 probably by 1980 wouldn't it so the question is is the move to the Dow a throwback to 1976-1977 I think it was actually 77 I'm gonna have to go back and look at it but this is the biggest move in the Dow so the rush to anybody that has a lot of cash a lot of cash coming in and that's kind of it now tomorrow my guess is we're gonna go very light on volume probably within an hour or two after the open we've got some more big earnings tomorrow night though and then of course a Fed on Tuesday at two starts the the ball rolling and then of course a 230 press announcement and then I think we're gonna probably see a direction for the rest of the year I think everybody is pretty much expecting a 75 basis point moved on Wednesday and then maybe a hint that all we get in December is a half a point raise but that's pretty much it I think there's a lot of waiting around but I'm looking for a little bit more today and maybe everybody to start getting a little bit more worried tomorrow and that's it for your update the reality is that navigating financial markets