Closing Bell Overtime: Stocks Sink in Final Hour of Trade 2/16/23
Closing Bell
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Is AMAT the Next Big Thing in the Market?
The NASDAQ trade at 26 times earnings. That's very expensive with a real rate at 1.6%. I think what's happening today is you're seeing a dispersion, where you have strong names that are growing earnings and having good balance sheets. It's the weaker names who are able to win in this market right now. The meme stocks of Bitcoin and crypto will provoke the Fed along with meme stocks.
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