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Stocks Drop as Markets Await Fed, and Understanding the APEs 8/22/22

CNBC's "Fast Money"

00:00

The Fed Says 75 Basis Points Is Going to Be Needed

i was feeling pretty good as i saw that we went from about four thousand on the s an p we were pushing now forty, three, 302 hundred day. And a next thing, you know, the fed says lik, 75 basis points is going to be needed probably next time and maybe a few times after that. Is that what did it? I think the fact that the fed has to be hawkish. Now, they have to be overwhelmingly hawkish. We're going into hearing more fed speak versus les fed speak. Try to say that three times fast. So i think you're goin you're going to have a little bit of a hard time with the market, maybe for

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