Treasury Auction Sparks Late-Day Sell-Off and a Look Ahead to Big Bank Earnings 10/12/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 12 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks dropped mid-day after an ugly 30-year Treasury auction, and while they closed off the lows of the day, major indexes all snapped four day win streaks. Combined with a slightly higher than expected CPI report, what kind of stage does this set for the markets? Plus JPMorgan among the banks set to kick off earnings tomorrow morning. What we should expect and how to trade the group. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasdaq Market
0:03.0	site in the heart of New York
0:04.0	City's Times Square.
0:05.0	This is Fast Money.
0:06.0	Here's what's on tap tonight.
0:08.0	A late-day sell-off major
0:10.0	indices breaking their four-day
0:12.0	win streaks.
0:13.0	Sliding in the back half of
0:14.0	today's session, stocks
0:15.0	closing off their lows of the
0:16.0	day, but still posting their
0:17.0	biggest losses in over a week.
0:19.0	What sparked the direction
0:20.0	change and is it a sign of
0:22.0	more pain ahead?
0:23.0	Plus, bank on it, the
0:24.0	financials kicking off,
0:26.0	huge three-earning season
0:27.0	into high gear, starting
0:29.0	tomorrow.
0:30.0	What they could say about
	...

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