First Republic Heads Toward Receivership, and Markets Eye Apple Earnings and Fed Decision 4/28/23
CNBC's "Fast Money"
00:00
The Magnet of Markets
The magnitude of a gap up or down often determines how much is priced in. For instance when a bank drops and gaps 30%, it finds a floor. If the pop is small, 3, 4, 5%, you can get follow through or the drop. But when it's epic, 10, 12, 15%, markets are pretty efficient in reprising a security to where it belongs.
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