Here's what is happening in the markets today, Wednesday, March 8

• Dow drops 570 points, turns negative in 2023
• 2-year Treasury yield hits 2007 high of 5%
• Fed Chair Powell suggests higher interest rates for longer
• Now 50bps hike possible at March meeting
• Focus is now on Friday's Jobs Report

PLUS: How we trade these markets and our current positions

This wraps up today's stock market news.

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