All Eyes on Meta Earnings and the Fed, Plus CME CEO Terry Duffy on the Markets 7/26/23
CNBC's "Fast Money"
00:00
The Year of Efficiency
I think you are hitting a wall. This was because of efficiencies, layoffs, pulling back from metaverse spend. No one knew what metaverse was now. Everyone's excited about it because they think it's AI. But at this point, I think you've got to step back and see where the smoke clears. And so we went from the year of efficiency to at 18.5% EPS growth. It's the year of growth. The question is, how sustainable is this?
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