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CNBC's "Fast Money"

Will One Bad Apple Ruin the Market? And How Healthy Is the Consumer, Really? 12/19/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 19 December 2022

⏱️ 49 minutes

🧾️ Download transcript

Summary

Apple shares are getting close to their lowest levels of the year, and one top technician says it’s got a long way to fall even from here. What the weakness could mean for the rest of the market. Plus, it’s not just the low-end consumer that’s struggling in the current environment. We dig in on exactly what that will mean for the economy. 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

Right now in fast, stunted growth, one of the market's most rock study names is losing

0:05.7

steam.

0:06.7

One of our traders said to reveal the name and tell us how low this tech titan could fall.

0:10.4

Plus Disney's Blue Monday, the less and boppo box office performance of Avatar, just the

0:14.6

latest bit of bad news to hit the struggling doubt component.

0:17.4

Is there anything Bob Eiger can do to stop the slide?

0:20.4

And later, the options action on a biotech stock that jumped 250% today.

0:24.9

GBTC's next steps at their crypto ETF push fails and Tesla's new Twitter twist.

0:30.3

I'm Melissa Lee.

0:31.3

This is Fast Money.

0:32.3

We're live with the Nasak Market site on the desk tonight, Karen Fighterman, Steve

0:34.8

Grasso, Julie Beale, and Chris Marones from from Stratigus, a fair to company.

0:39.6

Excuse me.

0:40.6

We start off with the big growth trade conundrum.

0:42.6

All the pieces that should be supporting the sector seem to be falling into place lately.

0:46.7

First investor rates, interest rates have been dropping sharply.

0:49.4

The yield on 10-year treasury is down 75 basis points from its October high, traditionally

0:54.4

lower rates are good for growth stocks.

0:56.5

Then there's a dollar also down, almost 9% in fact, since September and inflation.

1:01.4

Signs emerging that pricing pressures are abating, the consumer price index lower five

1:05.4

months in a row now.

1:07.0

All of that should give a boost to the growth trade, but not this time.

...

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