| 20 15 minutes of this trading session | 3.84 | Jump to 6.879 |  |  | 
              
                
                  | falling more than 216 points the s p 500 | 5.28 | Jump to 30.56 |  |  | 
              
                
                  | is off over one and a half percent down | 3.521 | Jump to 34.079 | 
                      
                        
                      
                        DATE
                      
                      
                        one and a half percent
                      
                     |  | 
              
                
                  | 71 points and the nasdaq is going to | 3.68 | Jump to 35.84 |  |  | 
              
                
                  | close down over two and a half percent | 6.28 | Jump to 37.6 | 
                      
                        
                      
                        DATE
                      
                      
                        two and a half percent
                      
                     |  | 
              
                
                  | down 387 points here is the closing | 17.68 | Jump to 39.52 |  |  | 
              
                
                  | this thursday january 13th we're seeing | 4.0 | Jump to 61.92 | 
                      
                        
                      
                        DATE
                      
                      
                        this thursday january 13th
                      
                     |  | 
              
                
                  | about two and a half percent as we speak | 3.841 | Jump to 72.159 |  |  | 
              
                
                  | nearly 200 points or about half a | 4.56 | Jump to 76.0 |  |  | 
              
                
                  | percentage point and the s p 500 down | 5.52 | Jump to 77.68 |  |  | 
              
                
                  | more than one percent itself and taking | 4.239 | Jump to 80.56 | 
                      
                        
                      
                        PERCENT
                      
                      
                        more than one percent
                      
                     |  | 
              
                
                  | you here because one of the things that | 3.759 | Jump to 101.04 |  |  | 
              
                
                  | i'm going to read from one of the notes | 3.28 | Jump to 168.64 |  |  | 
              
                
                  | one spot there are spots all over this | 3.681 | Jump to 173.519 |  |  | 
              
                
                  | we think back about six months all we | 4.32 | Jump to 198.4 |  |  | 
              
                
                  | and although it may cool off from seven | 4.801 | Jump to 232.239 |  |  | 
              
                
                  | percent inflation going from seven | 4.161 | Jump to 234.959 |  |  | 
              
                
                  | percent down to five percent is still | 3.68 | Jump to 237.04 |  |  | 
              
                
                  | stocks because even though the 10-year | 5.6 | Jump to 255.84 |  |  | 
              
                
                  | today and only about 20 s p 500 | 4.4 | Jump to 282.16 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        only about 20 s p 500
                      
                     |  | 
              
                
                  | companies have so far reported fourth | 4.4 | Jump to 284.96 |  |  | 
              
                
                  | quarter earnings results but of these 60 | 4.8 | Jump to 286.56 |  |  | 
              
                
                  | so first of all all companies are | 3.681 | Jump to 301.199 |  |  | 
              
                
                  | of companies are coming into 2022 with | 4.4 | Jump to 304.88 |  |  | 
              
                
                  | down the line in 2022 the midterm | 3.44 | Jump to 421.039 |  |  | 
              
                
                  | elections are one other factor that you | 3.36 | Jump to 422.8 |  |  | 
              
                
                  | at least in the first and into the | 3.52 | Jump to 426.16 |  |  | 
              
                
                  | second half of the year how do you see | 6.401 | Jump to 427.599 |  |  | 
              
                
                  | to 1931 if you look at at returns during | 5.76 | Jump to 439.68 |  |  | 
              
                
                  | roughly six percent uh compared to about | 5.44 | Jump to 445.44 | 
                      
                        
                      
                        PERCENT
                      
                      
                        roughly six percent
                      
                     |  | 
              
                
                  | nine percent for the s p 500 for all | 3.92 | Jump to 448.16 |  |  | 
              
                
                  | uh in 2022 but but certainly higher | 6.16 | Jump to 472.0 |  |  | 
              
                
                  | the end of one program and the beginning | 3.68 | Jump to 522.24 |  |  | 
              
                
                  | the next 30 to 45 days and then we can | 4.64 | Jump to 549.04 | 
                      
                        
                      
                        DATE
                      
                      
                        the next 30 to 45 days
                      
                     |  | 
              
                
                  | four rate hikes this year i'm not quite | 3.28 | Jump to 555.36 |  |  | 
              
                
                  | end of tapering first | 3.92 | Jump to 564.32 |  |  | 
              
                
                  | have cpi running at seven percent this | 4.479 | Jump to 595.36 |  |  | 
              
                
                  | is the highest since june 1982 | 5.44 | Jump to 597.44 |  |  | 
              
                
                  | unemployment rate 3.9 this is a pandemic | 3.841 | Jump to 599.839 |  |  | 
              
                
                  | claims this is good too in theory one | 4.4 | Jump to 605.36 |  |  | 
              
                
                  | and a half million lowest since june | 5.12 | Jump to 607.92 |  |  | 
              
                
                  | 1973 initial jobless claims and by the | 5.519 | Jump to 609.76 |  |  | 
              
                
                  | i'm sorry i did get that right it is 73. | 5.361 | Jump to 615.279 |  |  | 
              
                
                  | uh initial jobless claims 230 000 which | 5.12 | Jump to 617.68 |  |  | 
              
                
                  | so to 2010 a year after qe the federal | 5.041 | Jump to 636.399 |  |  | 
              
                
                  | wouldn't happen for five or six years so | 3.359 | Jump to 647.6 |  |  |