There was never a chance that the Fed was going to cut rates as fast as the market expected, notes Milton Ezrati. He discusses the state of the markets as the Russell 2000 sees the largest one-day decline since June 2022, while the S&P 500 and Nasdaq-100 see the biggest one-day drop since January 31st. He also highlights that retail sales and jobless claims data will be released tomorrow morning. Tune in to find out more about the stock market today.