Party Over for High-Growth Trade? And What’s Keeping Retail CEOs Up at Night
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 24 November 2021
⏱️ 44 minutes
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| 0:00.0 | Live in the Nasdaq Market site in New York City's Times Square, this is Fast Money, I'm |
| 0:05.5 | Melissa Lee. |
| 0:06.5 | Tonight's Trader lineup, Guy Dommie, Tim Seymour, C. Grasso, and Pete Najarian, co-founder |
| 0:10.3 | of MarketRebellion.com. |
| 0:11.8 | Tonight on Fast, we're tracking the after-resaction and shares of Nordstrom and Gap, both stocks falling |
| 0:16.3 | hard right now in earnings. |
| 0:17.9 | The calls are underway, we'll bring the very latest from the quarters, plus break out |
| 0:21.4 | or break down apples on a tariff, scoring 6% in just the last week. |
| 0:26.0 | But as there are trouble lurking in the charts, we'll lay out where the straight is headed |
| 0:28.8 | next. |
| 0:29.8 | Later, the smash and grab crime spree, retailers ringing the alarm, and scenes like this play |
| 0:34.8 | out across parts of the country, we'll break down what's really at risk for the retail |
| 0:38.7 | trade and what this could mean for the consumer. |
| 0:41.2 | We start off with a tech takedown, the Nasdaq finishing in the red today, it is now down |
| 0:44.8 | nearly 3% from an all-time high, hit just yesterday morning. |
| 0:49.2 | High multiple stocks, healing the brunt of the pain for a second straight day, zoom, down |
| 0:53.6 | nearly 15%, door dash, draft kings, crowd strike, also dropping sharply today. |
| 0:58.5 | The so-called smart money, hedge funds adding fuel to this fire, new report out of Goldman |
| 1:02.7 | Sachs showing that hedge funds are unwinding their exposure to these names, and are more |
| 1:07.1 | tilted to value stocks than they have been since 2015. |
| 1:11.4 | And it's not just the big guys here getting hit, check out the poster trial of the retail |
| 1:15.0 | trade, the ARC Innovation ETF. |
... |
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