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Transcripts For CNBC Fast Money 20221228

this is fast money. we re live on the desk, guy adami, steve grasso, carter worth 2 1/2 years of gains gone, vanished, kaput. the nasdaq breaking through the lows of the year it is 4% away from its pre-pandemic record and it s no surprise that the biggest hits have come to the biggest stocks. amazon, apple, alphabet losing trillions of dollars in market cap combined this year just a few trading days left in the year, are we in for more losses what does this tell you, guy, the willingness to drift lower into the end of the year. hi, melms somebody put on twitter, maybe this is the santa claus rally and maybe things would be worse. without him food for thought, right it says, listen, fundamentals do matter don t fight the federal reserve matters. earnings and valuations matter and i m glad you mentioned that nasdaq level, one that dan s brought up a number of times 9800ish where we broke down from in february of 2020. when covid hit by golly it sure looks like there s a

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