
Markets in Rally Mode, Plus What’s Next for China 10/17/22
CNBC's "Fast Money"
00:00
Is the S&P 500 a Monolith?
The average decline in the S&P 500 in the post world world war era was about 35 percent during a recession let's say we are in our session at some point do we have to go down 35 percent um the answer is no. Until the Fed pivots what what's happening now the cost of cap was going higher so there's a duration trade that's pushing stock prices down more importantly we haven't gotten to the fundamentals rolling over now the fundamentals have to roll over I think we're not gonna watch things out can you make money yes you can make money renting things not only things can you makeMoneyWhat are we renting then? You just have to have this very simple approach
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