CNBC's "Fast Money"

Digesting Powell’s every word: Stocks Drop, Rates Rip. 10/19/23

Oct 19, 2023
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INSIGHT

Yields Over Fed

  • Investors are shifting focus from Fed announcements to rising yields.
  • The 10-year yield approaching 5% is causing concern.
INSIGHT

Market Correction

  • Many companies haven't yet felt the full impact of rising rates.
  • The market is correcting, with many Russell 3000 stocks below their October 2022 lows.
INSIGHT

Profitability Matters

  • Profitable companies with strong balance sheets drive the market.
  • The 10-year yield's heavy lifting for the Fed makes future rate hikes a potential misstep.
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