Will One Bad Apple Spoil the Market? 11/4/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 4 November 2022

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple shares ended the day in the red despite a late-day market rally. So with the last big market general seeming to lay down its sword, will there be more pain ahead for the markets? Plus is there relief in store on interest rates, and what one trader is doing with his China trade. 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, General Apple's last stand, the long-time market leader unable to rally
0:05.6	with the rest of the market today and touching at the lowest levels since July.
0:08.5	The stock has shed $276 billion in market cap in just one week.
0:13.9	That is worth more than a meta right now, so will one bad Apple spoil the rest of the
0:17.3	market.
0:18.3	Plus relief on rates.
0:19.3	The Fed may be staying the course with its monetary policy, but the Trump master says
0:22.9	Treasury yields aren't going much higher from here.
0:25.6	He lays out the case.
0:26.8	Plus, China tech takes quite hopes for using COVID restrictions, giving the group a boost
0:30.8	today and prompting one of our traders to make some moves of his own.
0:34.3	What he is doing right now, I'm Melissa Lee.
0:36.4	This is fast, wanting to rely on the Nasdaq market side and the hard times swear on the
0:39.6	deaths of night.
0:42.0	Guy Dami, Jeff Mills, Tim Seymour, and Dan Nathan.
0:46.2	All right.
0:47.2	We start off at the last of Market General laying down its sword, Apple shares ending in
0:51.0	the red again today despite a late-day, broad market rally, the stock clocked five straight
0:55.0	days of losses, and it's worse weeks since March 2020, shares plummeting 11 percent since
1:00.4	Monday.
1:01.4	So is Apple's underperformance a sign that we've lost the last leg holding up the market?
1:08.2	Guy Dami, we'll start off with you tonight.
	...

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