This Fast Money episode is a panel discussion centered on market analysis, focusing primarily on Apple's declining market share in China and its implications. The show begins with an overview of Apple's poor performance, followed by a debate among panelists regarding the causes (valuation concerns, lack of compelling AI features, potential tariffs) and future prospects of the stock. A volatility expert then joins to discuss broader market trends and investor sentiment, highlighting a shift towards increased fear of downside risk. Finally, the panel discusses Target's holiday sales results, a new Bitcoin Bond ETF, and bank earnings reports from Morgan Stanley and Bank of America. The discussion concludes with each panelist offering their "final trade" for 2025, showcasing their individual investment strategies.