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CNBC's "Fast Money"

Powell Sparks Market Sell Off, as Stocks Go Red For August Description 8/26/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 26 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Major indexes posting their biggest losses in over two months after Fed chair Jerome Powell laid the groundwork for more rate hikes to come. So is this just the start of an even bigger sell off, and potentially a break to lower lows? The traders lay out the case and try to find opportunities in the market. 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

And right now on fast, stocks hammer during a brutal Friday

0:04.8

sell-off after the Fed share or slowly tells the market rates

0:08.2

are headed higher and they're going to stay there until

0:10.7

inflation is truly under control.

0:13.0

Should investors brace for a wave of selling in September?

0:16.8

Plus, crashing the consumer, crushing the consumer can be

0:20.4

both, will the Fed's hiking bananza put the brakes on the

0:24.3

two-year shopping spree for everything from electronics to

0:27.4

cars to yoga pants?

0:29.4

We'll dig in to the retail wreckage.

0:31.5

And later, the crude conundrum, a slowing economy,

0:34.8

should push energy prices slower.

0:37.0

But right now, the charts are telling a different story.

0:40.0

We'll go inside the numbers straight ahead.

0:42.4

I'm Courtney Reagan in this evening for Melissa Lee.

0:44.5

This is fast money, live from the NASDAQ market site.

0:47.3

On the desk tonight, Tim Seymour, Bono and Eisen, and Steve

0:50.8

Grasso.

0:51.6

Gentlemen, it's great to be here with you on a really

0:53.8

important day for the markets and for investors.

0:56.9

Help us make sense of it all, Tim.

0:58.8

I mean, yes, we heard from Jerome Powell,

...

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