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CNBC's "Fast Money"

A New Record for the S&P & How to Play the Metaverse

CNBC's "Fast Money"

CNBC

Business, News, Investing

3.91.3K Ratings

🗓️ 23 December 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

The S&P posted an all-time high close to finish out the holiday-shortened trading, and has risen more than 4.5% from its lows hit just on Monday. So does this set us up for more strength as we head into the last week of the year? Plus it’s not just Roblox and the former Facebook making waves in the metaverse. We’ve got the names – and the trades – on all the stocks laying the foundation for the virtual world. 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

And tonight on Fast Money, we are diving in to the metaverse in real life,

0:04.8

IRL, and it's not just the Roblox's and former Facebook's making waves in the space.

0:10.4

We've got the Inside Scoop on the virtual plays that can make you actual money.

0:16.5

Plus, Casino stocks for the win Americans are traveling and spending money like crazy.

0:22.7

Plus some developments out of China that are helping the stocks move higher as well.

0:26.9

Contessa big money brewers here and then it would not be the holidays without a special

0:32.4

fast money version of traded or faded. Stuff your stock. We're going to find out the desk is

0:39.4

wrapping or scrapping. Some of December's winning-est stocks.

0:45.1

All right everybody welcome I am Brian. In tonight for Melissa Lee and your trader lineup,

0:50.4

Tim Seymour, Steve Grasso, and Bono and I said welcome everybody. We have got a big show ahead

0:56.3

and we begin with another kind of big win and that is a new record high for the S&P 500.

1:03.0

The index plowing ahead, about more than half a percent today. It is now up more than

1:09.2

4% from that intraday low on Monday when all the headlines were screaming about

1:13.9

Omacron and were doomed and now we're up four days, three days later in fact another record.

1:19.5

If you're counting at home the 68th record closing high for the S&P 500 this year,

1:25.9

second most of all time and it is not just the S&P 500. All three major indexes posting

1:33.0

three straight days of gains heading into the holiday week and the holiday we can Tim Seymour

1:39.0

what's changed? What's going on?

1:42.8

Well I think like remember we're through a Fed meeting Brian first of all thanks for joining us

1:46.2

Mary Christmas. We've gotten through some of the uncertainty. We've dealt with the buildback better

1:52.8

bust. We've had the dynamic of Omacron and the sense that actually look if anything some of the

1:58.5

trends we're going to discuss on tonight's show are around reopening stocks, around hospitality,

...

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