
The Trouble With the Growth Trade and the Good, Bad, and Ugly from 2022 1/5/23
CNBC's "Fast Money"
00:00
Is the Fed Going to Stop?
I think we're higher for longer, and so just as exactly as Tim was saying, if you're underpinning is a lower interest rate, so you discount those future earnings that even if they do come will be worth less. CrowdStrike, here's a great example of a stock that's down nearly 70% right, from its all time highs, maybe 2021,. Microsoft, I believe is one of the three or four most important companies in the world have a two day move that they've seen, having sold off precipitously over the last year. That to me is not indicative of a market bottom.
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