
Markets Prepare For a New Normal on Rates, and a Big Bullish Call on Bank Stocks 01/04/23
CNBC's "Fast Money"
00:00
The Stock Market Is Going to Be Down Testing That October Lows
I think the reaction that you had after the minute is probably the reaction that we see turn into a trend as we get closer towards Q4 earnings. I just think that we're going to probably be down testing those October lows at some point in the next couple of months. If you start seeing S&P earnings numbers come down meaningful below $200 okay for this year 2023 and then you have this staunch view that the Fed's going to stick it out that's just not great for stocks at the lows.
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