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CNBC's "Fast Money"

A Fed-Led Market Sell-Off, and Dinosaur Tech Makes a Comeback

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 5 January 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Fed signaled it might get more aggressive in its stimulus wind down, sending the Dow down nearly 400 points and the Nasdaq plunging more than 3%. But some old-school tech names were holding up in the sell-off. Are these the names you should bet on now? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Tonight on fast.

0:03.0

A hawk attack, socks selling off in the back of today's fed

0:05.7

minutes. So is the party over for the bulls were breaking

0:07.9

down the fed fallout. Plus we are taking a trip to the land

0:10.9

before time dinosaur tech roaring back to life. But the

0:14.4

chartmaster says, fade this rally in one name at least before

0:17.9

your gains go extinct. And later we're breaking down what

0:20.8

work today. The three standout stops and today's sell off.

0:23.7

Welcome to fast money. I'm Melissa Lee, tonight's trader

0:25.9

lineup, Guy Dommy Steve Grasso, Brian Kelly and Jeff Mills. We

0:29.4

start off with a fed punch in the gut. Socks tanking

0:32.7

today with the tech trade really taking on the chin. Take

0:35.2

look at the Nasak 100, only a handful of names posting

0:38.0

gains in today's broad base sell off. Check out what

0:40.8

happened to the treasury market bonds getting battered

0:43.1

yield, rocketing higher, the 10 year soaring above 1.7,

0:47.2

all this as we learned exactly what went down behind closed

0:50.4

doors at December's fed meeting. Let's get right to

0:52.8

Steve Leastman with the fallout. Steve, you know what's

0:55.2

interesting is we had that fed meeting. We talked about it

0:58.0

a couple weeks ago. They had the press conference. We

1:00.2

talked about that a couple weeks ago. And here we have the

...

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