. >> dan nathan, was there something in particular that we haven't hit on from the tepper comments in all fairness, both central banks said they are coming so where do you put your money at right now. >> the hard part right now is the gdp print that we saw this morning, we're talking about the back half of the year with the average gross product around 3% and the unemployment rate still below 4% at 3.7% so with all of the other inputs, industrial commodities round tripping it in a whole host of another things that we're worried about from an inflationary standpoint coming in, you should have a strong economy. every time you get strong data you have to start pricing in fed rate hikes for longer. and i don't mean they'll continue to raise rates. not at the pace in which they've been doing here, but again, if the final piece of puzzle is unemployment and it really hasn't budged much over the last few months, then what we saw today, and high valuation stock, is going to continue to happen until we see some sort of data that weakens we have, i guess, it sounds perverse in a way, a really s

selling and not being distraction by twitter i'm melissa lee and we're live on the deck karen, dan, nathan and guy. we start off with a deep red sea on wall street the nasdaq dropping 3% falling in red for the week. the s&p shedding nearly 2.5% the dow down as much as 950 points clocking the biggest decline in more than three months all three indices on pace for the worst december since 2018. and take a look at the moving yield. the ten-year dropping back into 3.4% range it is down nearly 90 basis points from the october high so does today's action suggest the fed could tip the economy into recession just yesterday i think we were across the board saying the market should have had a much stronger reaction to the hawkier fed speak coming out the fed, dan. >> those compressed time frame when that announcement comes out and then the presser and team taking their time to process it. we see this sort of overnight reversal of maybe that first move that is been going on for a very long time. but you're question is, mel, does the fed's hawkishness put thep u.s. economy into a recession. i think th

crisis we thought we'd ask our traders what chart they think holds the key to the markets in 2023 dan nathan, let's start off with your most important chart. >> yeah, let's talk about the largest bank stock in the market that's jpmorgan. it obviously has tremendous exposure to rates, to consumer credit, to housing, to corporate credit the list goes on and on geographically and that sort of thing. when i think back a year ago, jpmorgan was near its all-time highs, it was considered best of breed as far as banks were concerned. it led to the downside in january and february and took large parts of the market with it, at least the signaling of its leadership to the downside we've had a huge rally off of the mid-october lows it doubled the performance of the s&p 500 from the mid-october lows to just recently. now, it's come in a little bit i think this will be real important as we enter the new year you look at that chart from a technical standpoint and it looks like an epic head and shoulders top. that pai pair ball -- parabolic mo movement i know that rate increases will ending but how long wi

. >>> all right, time to welcome in tonight's traders, dan nathan, karen finerman, tim seymour and guy adami. thank you for being here the robust rebound for the markets and possibly just a hint of sad that is -- this graphic is cracking me up. tough 2022 nike fished up more than 12% on the back of better than expected earnings and host retail names getting a big today from foot locker tolu lew lemon to ulta and closed up 526 points and s&p surging 1.5% and the major averages are going to wrap up their first year since 2008 the vix down over 9% and dropping sharply from its early december peak. so with consumer confidence rising and the fear gauge falling can investors ride it through the end of the year. dan, you're beside >> maybe think about friday afternoon is going to be pretty quiet we have monday off on the 26th then we'll have a quiet late next week so if, you know, if you want to run them, have at it, people run them into the end of the year we've had a nice rally off mid-october lows and say this, quickly, though, you know, as investors start thinking about what are the expec

. >>> dan nathan, i agree with that i'm long vix calls. >> you're with karen. >> so we're talking about stocks in sectors that might do well and might not do well in a height rate environment, i think xlp do flot do well in for watc. see you back here tomorrow at 5:00 "mad money" with jim cramer starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job, not just to entertain but explain how days like this can happen so call me at 1-800-743-cnbc or tweet me @jimcramer. news flash jay powell does not work for the stock market he doesn't care if the dow plunges 764 points, s&p plummets 2.49% or the nasdaq nose dives 3.23%. >> the house of pain >> he only cares about price stability, or more specifically the lack of price stability. and as far as he's concerned the stock market is part of the pr

on the desk tonight, karen finerman, julie diehl, dan nathan and the market seeing the worst losses in a month with the nasdaq leading the way down nearly 2%. the s&p dropping for a third day in the row the dow schetting more than 480 bounties only one stock in that index, boeing able to pull off gains today. meantime, treasury yields were back on the rise, spread between two and ten years, hitting a new 40-year low. so is this an early warning sign that the recent rally's best days are behind us well, we had a pretty decent rally, dan if you believe that that rally was pulled forward, than maybe maybe that's the case. what do you think? >> maybe when you think of other risk assets away from the supermarket, yield as peaked, crude has peaked, the dollar as peaked, that's what the stock market over the last month, month 1/2 has rallied into we know the playbook now as we think about the fed down shifting of those rate hikes we had four consecutive 75 basis point hikes, it seems pretty clear it's going to be 50 and maybe a 25 in january. and then we have all this quantitative tightening.

this is live from the nasdaq market site on the the desk we have tim seymour and courtney and dan nathan and guy adami and courtney gets to stand right here next to me. this is a great show we'll start with the count down to the november producer price index report, one of the last inflation numbers before the final rate meeting of the year input costs expected to have moderated slightly last month rising 7.2% from a year ago versus 8% last month that is an improvement now one big contributor is falling energy prices as you see there. we've wholesale gasoline measured by rbob, at the same level it was a year ago. stocks rising ahead of the that report the nasdaq leading the gains up over a% aent in trading. the s&p 500 breaking a five day losing streak but can it continue after tomorrow's data on inflation i got a great desk here with me. >> and we have a great -- >> i envy melissa every day because she gets to hang out with you >> are you trying to get an early christmas present. >> i'm trying to say, melissa, i'm very jealous you get to hang out with these guys. tim, it is a market tha