Does a Bottom for Apple Mean a Surge for the Markets? 05/13/22
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 13 May 2022
⏱️ 22 minutes
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| 0:00.0 | Right now on pasta Friday rebound, the Nasak closing at a rough week with almost 4% surge |
| 0:06.8 | apple bouncing off its midweek bottom, fueling the tech recovery. |
| 0:10.5 | So goes apple, so goes the market, we'll debate that. |
| 0:13.2 | Plus, big retail on the clock and a big daddy of the mall, Walmart kicks off the earnings |
| 0:17.1 | parade. |
| 0:18.1 | It's been moving in the opposite direction of the S&P this year, can't keep bucking |
| 0:21.2 | the trend. |
| 0:22.2 | We'll ask the chart master. |
| 0:23.4 | And later, we will go shopping with our chart of the week, the former pandemic high |
| 0:27.3 | flyer that's bounced over 30% in the last two days, is it still worth a look, we'll |
| 0:32.6 | pull the traders. |
| 0:33.6 | I'm Melissa Lee. |
| 0:34.6 | This is fast money life in the Nasak market site in the heart of Times Square on the |
| 0:37.6 | desk tonight. |
| 0:38.6 | Tim Seymour, Courtney Garcia, Brian Kelly, and Guy Damu. |
| 0:41.8 | We start off with what might be a turning point for the market? |
| 0:45.2 | Apple rebounding after touching a seven month low yesterday to end the day with a gain |
| 0:49.4 | of over 3%. |
| 0:50.4 | The stock had fallen nearly 12% for the week at its lows, but rebounded 6% since then. |
| 0:56.7 | The rest of the market came along for the ride. |
| 0:58.8 | Take a look at the games in the broader indices since Apple hit its bottom Thursday afternoon. |
| 1:02.7 | The Nasak saw nearly 6% itself, so as Apple's low, marked the low for the market. |
... |
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