Dan Nathan and Guy Adami Break Down the Action in the Stock Market
- 2 months ago
The Nasdaq posted a nearly 3% loss, and the S&P closed at a new 2022 low.
Dan thinks your best bet is to listen to the guidance that many companies are about to give us in the next few weeks. Dan thinks it is hard to trade day-to-day right now with the way the markets are reacting to fed governors comments.
Guy said if you think we are going the way of the BOE, think again. Guy thinks the S&P could trade to 3000 and it still wouldn't concern the Fed. He thinks the only thing that will concern the Fed is the credit markets.
Dan thinks your best bet is to listen to the guidance that many companies are about to give us in the next few weeks. Dan thinks it is hard to trade day-to-day right now with the way the markets are reacting to fed governors comments.
Guy said if you think we are going the way of the BOE, think again. Guy thinks the S&P could trade to 3000 and it still wouldn't concern the Fed. He thinks the only thing that will concern the Fed is the credit markets.