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CNBC's "Fast Money"

Markets Wake Up to Reality, and Has Nvidia Come Too Far Too Fast? 4/4/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 4 April 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Major markets all closing lower today as investors start to heed the warning signs in the market, with industrials, cyclicals, financials and energy all closing lower. So have the warning signs from industry titans finally come home to roost. Plus shares of Nvidia are down today but still up 90% this year. Has the semi surge gotten ahead of itself? Fast Money Disclaimer

Transcript

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0:00.0

Right now on fast Wall Street's reality check from the fate and industrials and cyclicals

0:07.0

to the continued downside moves in the banks.

0:09.2

Is this market starting to wake up to the real risks of a recession?

0:13.2

Plus, Nvidia's bull run the stock going parabolic this year up nearly 90%.

0:17.8

Is this now the short of a lifetime where can the stock keep defying gravity?

0:22.2

And later, Bob's bullish breakout, C3AIs jaw-dropping plunge, and the tussle, one of our traders

0:27.8

is having with the man behind Tesla and Twitter.

0:30.4

I'm Melissa Lee.

0:31.4

This is fast money we're live at the Nasdaq Market Sight on the desk tonight.

0:34.0

Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami.

0:37.6

We start off with the market finally waking up to the reality that a slow down man back

0:41.7

becoming.

0:42.7

Groups tied closest to the economy, taking a hit today, industrial dropping more than

0:46.3

2%.

0:47.3

Nearly giving back all their gains over the past week, energy stocks also giving back recent

0:51.2

gains.

0:52.2

The S&P's biggest losers today include Valero, sliding 8% marathon petroleum, down more

0:57.1

than 7%, and another rough day for financials.

1:00.9

The S&P regional bank ETF sliding over 2%, closing just a hair off its lowest level since

1:06.1

the collapse of Silicon Valley bank.

1:08.4

All this is Wall Street heavyweight's raise or own red flags for the economy.

1:12.2

JP Morgan CEO Jamie Diamond warning in his annual shareholder letter, the banking crisis

...

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