
Fast Money. 05/04/22
CNBC's "Fast Money"
00:00
The S M P 500 Has Not Bottomed Out
i suspect thay come in mid single digits, may be low single digits. Earnings estimates have not come down for the s m p 500. We're seeing that compression right now in stuff that's done 50, 60, 70 %. And i think that's sho to drop this summer. I gess i'm sceptical of this 900 point rally that powell took 75 basis points off the table. This market can rally, butif the equity investors want to decide that he was dollars. Piston can rallyhe earnings haven't come down. We can go for it. M the desk is decidedly negative to night. Well, thanks, little miss sunshine.
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