Countdown to CPI and the Stocks So Naughty, They’re Nice 12/12/22

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 12 December 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets rallying ahead of tomorrow’s inflation report, the last big data point before the Fed’s last meeting of the year. But will the momentum keep up once the number comes in? Plus it’s been a rough year for a lot of stocks, but in the spirit of the holidays, we’re wondering which names have fallen so hard they’re deserving of a little pick-me-up. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right now in fast, inflation countdown stops.
0:04.2	Age of big rally.
0:05.2	Headed tomorrow's all-important CPI report.
0:07.2	The last data point before the Fed's final decision on rates for 2022.
0:11.2	Should you believe the market's good vibes ahead of that number?
0:14.0	Plus, Tesla's bumpy ride has stopped tumbling another 6% today.
0:17.7	Now, down over 25% since Elon Musk took over Twitter.
0:21.7	Is his work at the Blue Bird being seen as a black mark for the EV brand?
0:26.1	And later, so naughty, it's nice.
0:28.8	Our traders take their wraps off their charts that have been so bad this year they might
0:32.5	just be ready to be good.
0:34.3	A holiday spin on a fast money favorite.
0:36.9	I'm Melissa Lee.
0:37.9	This is fast money.
0:38.9	We're live with the Nasdaq Market Sites.
0:39.9	Full house here on September 9th.
0:40.9	Tim Seymour, Karen Feinerman, Courtney Garcia, and the chartmaster Carterworth for this
0:45.2	big keyboard.
0:46.2	When we start off with the countdown to CPI, economists hoping to see more evidence that
0:49.8	inflation is easing before the Fed makes its final rate decision of the year.
0:53.9	And the market seem to think they will get good news tomorrow, stocks closing near their
0:57.4	highs of the day with the Dow leading the charge, up nearly 530 points, all three major
	...

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