Is a Market Correction on the Horizon? And Breaking Down Apple’s Latest Product Event

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 14 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Morgan Stanley’s Mike Wilson just cut his rating on U.S. equities to underweight and says a 10% correction is on its way. He lays out the case and where you can go for safety. Plus Apple just laid out its latest slate of iPhones and Apple Watches. How the new versions stack up and what it means for the stock.

Transcript

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0:00.0	Yes, it does lie from the Nasdaq market side in New York's Times Square.
0:05.6	This is fast money I am Brian and once again for Melissa tonight's Trader lineup, a trifecta
0:11.2	of talent.
0:12.2	Guy Adammy, Tim Seymour at BK, Brian Kelly, tonight on fast call it the Paul Revere
0:18.6	trade because of correction is coming.
0:21.8	That is the big warning tonight from Morgan Stanley's Mike Wilson, he'll lay out his timeline
0:26.1	and how he is positioning for a pullback.
0:28.7	Plus, hold him, fold him.
0:31.2	Just a day after we talked about him, Casino Stocks crashed a new COVID concerns out of China.
0:37.2	So this trade is too much of a gamble for your money.
0:40.3	And later on, a very serious topic for kids, teens and parents, a shocking view report
0:46.1	on how Facebook knows how much damage Instagram may be doing to your kids.
0:51.2	The question is, will they or anyone do anything about it?
0:56.1	All right, that is a very important story that you will have to hear.
0:59.2	We will get to that in just a bit right now.
1:01.8	Let's go to tonight's main event and that is Apple announcing a whole new fleet of products
1:06.4	today.
1:07.4	You got an iPhone 13, a mini phone, a new Apple watch and more, but investors may be wanting
1:13.4	more.
1:14.4	Stocks sliding into the closed down just about 1%.
1:16.8	Let's get more on what Apple rolled out today and reaction Josh Lipton with that, Josh,
1:21.8	good evening.
	...

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