CNBC's "Fast Money" cover image

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

CNBC's "Fast Money"

00:00

Do You Think We're in a Slowing Environment?

i think the fed has a lot more work to do, and i think we all would like to see them get control of inflation. The participation rate is so low, i think that artificially, that the job market remains tight. And again, it comes down to what's the right multiple in a slowing environment,. We're in, and we know what our earnings going to be. I still think, if you want to do the math, 17 historically about right. You would think 200 dollars for earnings, as in peernings is not unrealistic in this environment. It gets you to 34 hundred. So do you job? There you go. Hahah. Yuo layo laydo

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