The True Tale of the Market, and Digging in on Nike Earnings 6/29/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 29 June 2023
⏱️ 45 minutes
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| 0:00.0 | Right now and fast, 19 shares heading sharply lower after |
| 0:04.4 | flight is earnings report. The stock is now down 3%. We're dialed into the call, |
| 0:07.8 | bringing all the details and the trade plus a micron meltdown just 24 hours |
| 0:11.9 | ago. Investors were cheering more than 5% post earnings pop, but the stock gave |
| 0:16.2 | up those gains and then some during today's session. What the reversal says |
| 0:19.9 | about the state of this stock and later Fideli jumps on the bandwagon, |
| 0:23.4 | Bitcoin bandwagon, Disney tries to find some magic and apple closes in on |
| 0:27.2 | $3 trillion. I'm Alyssa Lee. This is Fast Money Live from the Nasak |
| 0:31.2 | Market site on the desk tonight. Karen Feidemann, Dan Nathan, |
| 0:34.1 | Guy Damien, Tim Seymour. We're going to get tonight you in just a moment, |
| 0:37.7 | but first on a day where the Dow outperform big tech and rates hit levels, |
| 0:40.9 | not seen since the SBB collapse. We thought we'd ask our traders one simple |
| 0:45.6 | question. What chart pells the true tale of what is going on in the markets? |
| 0:52.1 | Dan, which chart did you choose? All right. So I have a friend, Liz Young. |
| 0:55.5 | You know, she's on the halftime report. What's actually our friend? |
| 0:58.8 | Collective, right? |
| 1:00.0 | On that work. Brilliant strategist over there at the sofa. And she tweeted this |
| 1:04.6 | out. I'm not on Twitter anymore. So when actually I reported it over email, |
| 1:07.5 | but she tweeted out a chart the other day of the SB 500, okay, |
| 1:12.0 | versus where real rates are. So that would be, you know, interest rates |
| 1:16.0 | relative to inflation. I thought this was really interesting because you see |
| 1:19.2 | that divergence, right? And Guy Adamie has been talking about this a lot. |
... |
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